DENVER, June 18, 2018 /PRNewswire/ - Energy Fuels
Inc. (NYSE American: UUUU; TSX: EFR) ("Energy Fuels" or the
"Company"), a leading producer of uranium and vanadium in
the United States, is pleased to
announce the Company is set to join the broad-market Russell
3000® Index at the conclusion of the
Russell U.S. Indexes annual reconstitution, effective after the
U.S. market opens on June 25, 2018,
according to a preliminary list of additions posted June 15, 2018.
The annual Russell U.S. Indexes reconstitution captures the
4,000 largest U.S. stocks as of May
11, ranking them by total market capitalization. Membership
in the Russell 3000® Index, which remains in place for
one year, also means automatic inclusion in the small-cap Russell
2000® Index, as well as the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
U.S. Indexes primarily by objective, market-capitalization rankings
and style attributes.
Russell U.S. Indexes are widely used by investment managers and
institutional investors as the basis for index funds and as
benchmarks for active investment strategies. Approximately
$9 trillion in assets are benchmarked
against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE
Russell, a leading global index provider.
For more information on the Russell 3000® Index and
the Russell U.S. Indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
About Energy Fuels: Energy Fuels is a leading
integrated US-based uranium mining company, supplying
U3O8 to major nuclear utilities. Its
corporate offices are in Denver,
Colorado, and all of its assets and employees are in the
western United States. Energy
Fuels holds three of America's key uranium production centers, the
White Mesa Mill in Utah, the
Nichols Ranch Processing Facility in Wyoming, and the Alta Mesa Project in
Texas. The White Mesa Mill is the
only conventional uranium mill operating in the U.S. today and has
a licensed capacity of over 8 million pounds of
U3O8 per year. The Nichols Ranch Processing
Facility is an ISR production center with a licensed capacity of 2
million pounds of U3O8 per year. Alta Mesa is an ISR production center currently
on care and maintenance. Energy Fuels also has the largest NI
43-101 compliant uranium resource portfolio in the U.S. among
producers, and uranium mining projects located in a number of
Western U.S. states, including one producing ISR project, mines on
standby, and mineral properties in various stages of permitting and
development. The Company also produces vanadium as a by-product of
its uranium production from certain of its mines on the Colorado
Plateau, as market conditions warrant. The primary trading market
for Energy Fuels' common shares is the NYSE American under the
trading symbol "UUUU", and the Company's common shares are also
listed on the Toronto Stock Exchange under the trading symbol
"EFR". Energy Fuels' website is
www.energyfuels.com.
About FTSE Russell: FTSE
Russell is a leading global index provider creating and managing a
wide range of indexes, data and analytic solutions to meet client
needs across asset classes, style and strategies. Covering 98% of
the investable market, FTSE Russell indexes offer a true picture of
global markets, combined with the specialist knowledge gained from
developing local benchmarks around the world. FTSE Russell index
expertise and products are used extensively by institutional and
retail investors globally. Approximately $16.2 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management. A core set of universal principles guides FTSE Russell
index design and management: a transparent rules-based methodology
is informed by independent committees of leading market
participants. FTSE Russell is focused on index innovation and
customer partnership applying the highest industry standards and
embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group. For more information, visit
www.ftserussell.com
Cautionary Statement Regarding Forward-Looking
Statements: This news release contains certain "Forward
Looking Information" and "Forward Looking Statements" within the
meaning of applicable securities legislation, which may include,
but is not limited to, statements with respect to: the Company
being a leading producer of uranium and vanadium in the U.S., the
Company's inclusion on the Russell 3000 Index as of June 25, 2018, and the use of the Russell Indices
by investment managers and institutional investors.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects"
"does not expect", "is expected", "is likely", "budget"
"scheduled", "estimates", "forecasts", "intends", "anticipates",
"does not anticipate", or "believes", or variations of such words
and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur", "be
achieved" or "have the potential to". All statements, other
than statements of historical fact, herein are considered to be
forward-looking statements. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements express or implied by the
forward-looking statements. Factors that could cause actual
results to differ materially from those anticipated in these
forward-looking statements include risks associated with: the
Company being a leading producer of uranium and vanadium in the
U.S., the Company's inclusion on the Russell 3000 Index as of
June 25, 2018, and the use of the
Russell Indices by investment managers and institutional
investors; and the other factors described under the caption
"Risk Factors" in the Company's Annual Report on Form 10-K dated
March 9, 2018, which is available for
review on EDGAR at www.sec.gov/edgar.shtml, on SEDAR at
www.sedar.com, and on the Company's website at
www.energyfuels.com. Forward-looking statements contained
herein are made as of the date of this news release, and the
Company disclaims, other than as required by law, any obligation to
update any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if
management's estimates or opinions should change, or
otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements. The Company
assumes no obligation to update the information in this
communication, except as otherwise required by law.
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SOURCE Energy Fuels Inc.