LAKEWOOD, CO, Nov. 5, 2018
/PRNewswire/ - Energy Fuels Inc. (NYSE American:UUUU; TSX:EFR)
("Energy Fuels" or the "Company"), a leading producer of
uranium in the United States, is
pleased to announce that today the Company has filed a
prospectus supplement to its effective U.S. registration statement
on Form S-3 in order to renew its 'at-the-market' ("ATM") program.
Under the renewed ATM program the Company may, at its discretion
from time to time, sell up to an additional US$24.5 million of common shares, with sales only
being made on the NYSE American at then-prevailing market prices,
or any other existing trading market of the common shares in
the United States. The prospectus
supplement and the accompanying base shelf prospectus relating to
this offering have been filed with the U.S. Securities and Exchange
Commission ("SEC") and are available on the SEC's website at
www.sec.gov. Copies of the prospectus supplement and the
accompanying base shelf prospectus relating to this offering, when
available, may be obtained from Cantor Fitzgerald & Co.,
Attention, Equity Capital Markets, 110 East 59th Street,
New York, New York, 10022,
telephone: (212) 829-7122.
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 standby. Energy Fuels also has the largest National Instrument
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".
Cautionary Note 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 in the
U.S. and the successful utilization of the
ATM and any other statements regarding Energy Fuels' future
expectations, beliefs, goals or prospects; constitute
forward-looking information within the meaning of applicable
securities legislation (collectively, "forward-looking
statements"). All statements in this news release that are
not statements of historical fact (including statements containing
the words "expects", "does not expect", "plans", "anticipates",
"does not anticipate", "believes", "intends", "estimates",
"projects", "potential", "scheduled", "forecast", "budget" and
similar expressions) should be considered forward-looking
statements. All such forward-looking statements are subject
to important risk factors and uncertainties, many of which are
beyond Energy Fuels' ability to control or predict. A number
of important factors could cause actual results or events to differ
materially from those indicated or implied by such forward-looking
statements, including without limitation factors relating to: the
Company being a leading producer of uranium in the U.S,
the successful utilization of the ATM, and other risk
factors as described in Energy Fuels' most recent annual report on
Form 10-K and quarterly financial reports. Energy
Fuels assumes no obligation to update the information in this
communication, except as otherwise required by law.
Additional information identifying risks and uncertainties is
contained in Energy Fuels' filings with the various securities
commissions which are available online at www.sec.gov and
www.sedar.com. Forward-looking statements are provided for
the purpose of providing information about the current
expectations, beliefs and plans of the management of Energy Fuels
relating to the future. Readers are cautioned that such
statements may not be appropriate for other purposes. Readers
are also cautioned not to place undue reliance on these
forward-looking statements, that speak only as of the date
hereof.
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SOURCE Energy Fuels Inc.