Energy Fuels Announces Change in Chief Financial Officer
January 13 2014 - 10:58PM
Marketwired
Energy Fuels Announces Change in Chief Financial Officer
TORONTO, ONTARIO and LAKEWOOD, COLORADO--(Marketwired - Jan 13,
2014) - Energy Fuels Inc. (NYSEMKT:UUUU)(TSX:EFR) ("Energy Fuels"
or the "Company") today announced that Graham G. Moylan has advised
the Company that he will be resigning from his position as Chief
Financial Officer effective February 15, 2014, in order to pursue
an investment banking opportunity in Toronto. Daniel G. Zang, CPA,
the Company's Vice President, Controller and Chief Accounting
Officer will assume the role of interim Chief Financial Officer of
the Company upon Mr. Moylan's departure. Mr. Moylan was appointed
the Company's Chief Financial Officer in September 2012, after
having spent approximately 7 years in the investment banking
industry and acted as the Company's primary investment banker from
March 2011 until joining as the Company's CFO.
Mr. Moylan stated, "I am very proud of what my colleagues and I
have accomplished over the past few years at Energy Fuels.
Notwithstanding the challenges Fukushima posed for the uranium
industry and its negative impact on the commodity price and
valuations within the sector, Energy Fuels has executed an
impressive growth strategy. This growth strategy saw the Company
progress from being a relatively small uranium developer to a large
domestic uranium producer in the U.S. with extensive holdings of
uranium resources and substantial development projects. The Company
also raised over $50 million in financing and obtained a listing on
a recognized US stock exchange during this time. I would like to
thank Stephen Antony and the Board of Directors for providing me
with this great opportunity."
Mr. Zang has many years of experience as Chief Financial
Officer, Controller, Chief Accounting Officer and other positions
with a number of public and private companies, including Controller
and Treasurer of General Moly, Inc. and Vice President and
Controller of Cyprus Copper Company, an operating division of
Cyprus Minerals Company that earned annual revenues in excess of
US$1 billion.
Stephen Antony, the Company's President and Chief Executive
Officer stated, "Dan Zang, who will be stepping in as interim Chief
Financial Officer, has a wealth of experience in senior financial
positions with mining and other companies, including in the role of
Chief Financial Officer for a public company. Mr. Zang's years of
experience in mining operations will benefit the Company as it
develops and operates its portfolio of assets during the expected
recovery in uranium markets. Mr. Moylan has been instrumental in
the Company's growth and development over the last two years,
having played a key role in the Company's acquisition of Strathmore
Minerals Corp. and other strategic and financial initiatives. We
see Graham's new position as an exceptional opportunity, which will
also allow Graham to continue to provide financial advice and
assistance to the Company as needed, and wish him all the success
in the future."
About Energy Fuels: Energy Fuels is currently America's largest
conventional uranium producer, supplying approximately 25% of the
uranium produced in the United States. Energy Fuels operates the
White Mesa Mill, which is the only conventional uranium mill
currently operating in the U.S. The mill is capable of processing
2,000 tons per day of uranium ore and has a licensed capacity of
over 8 million lbs. of U3O8 per year. Energy Fuels has projects
located throughout the Western U.S., including producing mines and
mineral properties in various stages of permitting and development.
The Company's common shares are listed on the Toronto Stock
Exchange under the trading symbol "EFR" and on the NYSEMKT under
the trading symbol "UUUU".
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain "Forward Looking Information"
and "Forward Looking Statements" within the meaning of applicable
Canadian and United States securities legislation, which may
include, but is not limited to, statements with respect to the
Company's senior management structure, uranium production and
development and uranium markets. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects" "does not expect", "is expected",
"subject to", "prospective" or "believe", or variations of such
words and phrases, or state that certain actions, events or results
"may", "could", or "will be taken", "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 are described under
the caption "Risk Factors" in the Company's Annual Information Form
dated December 20, 2012, which is available for review on the
System for Electronic Document Analysis and Retrieval at
www.sedar.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.
Energy Fuels Inc.Curtis H. Moore, Investor Relations(303)
974-2140 or Toll free:
1-888-864-2125investorinfo@energyfuels.comwww.energyfuels.com
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