Energy Fuels Announces Management Changes and the Acquisition of Additional Resource Property Adjoining the Energy Queen Mine
April 08 2009 - 7:00AM
Marketwired
Energy Fuels Inc. (TSX: EFR)("Energy Fuels" or the "Company") is
pleased to announce that Mr. Jeffrey L. Vigil, CPA, will join the
Company effective April 13, 2009, as Chief Financial Officer (CFO).
Mr. Vigil is a financial veteran in the mining industry, with
significant CFO experience. He was formerly Vice President -
Finance for Energy Fuels Nuclear Inc., the largest uranium miner in
the US during the 1980's, producing more than 5 million pounds per
year of yellowcake at one time. Both George Glasier, CEO, and Steve
Antony, COO, previously worked with Mr. Vigil as part of the Energy
Fuels Nuclear team.
Mr. Vigil pursued varied finance and accounting consulting
assignments in 2007 and 2008, including assisting Energy Fuels in
its early design and installation of accounting systems and
software. From 1996 to 2007, Mr. Vigil served as CFO for Koala
Corporation; a public company traded on the NASDAQ exchange, with
approximately 350 employees and operating divisions in New York,
Florida, Texas, and British Columbia. Koala increased sales from
$8.9 million in 1996 to a peak of $61.6 million in 2000. Mr. Vigil
managed the full range of CFO responsibilities at Koala including
financial and management reporting, bank and equity financings, tax
planning and compliance, treasury, and risk management. He was
instrumental in the acquisition of 6 companies by Koala and the
divestiture of five operating divisions between 1997 and 2000.
Gordon Phair has chosen to step down as Chief Financial Officer
for Energy Fuels, Inc. and subsidiary Energy Fuels Resources Corp.,
to allow more time to pursue personal interests. Mr. Phair has
served the Company well during the early years of development, and
contributed to the growth of Energy Fuels. His employment will end
effective April 15th, 2009. Mr. Phair has agreed to remain
available to the Company, and Energy Fuels will enter into a
consulting agreement with him beginning April 16, 2009.
In another management change, further consolidating Energy
Fuels' corporate activities in Colorado, Gary Steele, the Company's
Vice President - Corporate Marketing was appointed Corporate
Secretary at the Company's Annual General and Special Meeting on
March 19, replacing Michael Skutezky, who supported the Company in
this role as a Toronto-based consultant. Mr. Steele joined Energy
Fuels in 2006. He will continue to apply his extensive and broad
experience in mining, mineral economics and securities markets to
investor relations, economic and project evaluation, and utility
marketing at Energy Fuels.
Mr. Glasier said, "Jeff Vigil is more than capable of fulfilling
the role of CFO at Energy Fuels as we move forward, continuing the
growth of the Company. We especially welcome his broad knowledge of
public company issues, and his hands-on experience in mergers and
acquisitions. We look forward to his contributions. We want to
thank Gordon for his contributions as CFO and in moving Energy
Fuels forward as a public company on the Toronto Stock Exchange. We
also appreciate Gary adding the duties of the Corporate Secretary
to his other activities in behalf of Energy Fuels."
Property Acquisition
Continuing Energy Fuels' active strategy of consolidating
prospective uranium properties, the Company has acquired a block of
29 claims known as the RM/Judas Group, (approximately 520 acres),
from Mesa Uranium Corp. These claims are contiguous with the Energy
Queen property on the west side, on trend with the Energy Queen
mineralized zone, and immediately north of the Rattle Snake Mine, a
historic uranium producer.
Since acquiring the 700 acre Energy Queen Mine lease in
December, 2006, Energy Fuels has increased the resource land
position in this immediate area to over 2,700 acres. This acreage
includes the original lease, the Redd Royalties lease about 1/2
mile to the northwest of the Energy Queen lease, the DAR claim
block about 2 miles south of the Energy Queen, and the newly
acquired contiguous acreage to the west. Exploration plans are
being formulated on the additional properties as budgets will
allow.
Stephen P. Antony, P.E., a Qualified Person as defined by
National Instrument 43-101, has reviewed and approved the content
of this press release.
Energy Fuels Inc. is a Toronto-based uranium and vanadium
mineral development company actively rehabilitating and developing
formerly producing mines. With more than 46,000 acres of highly
prospective uranium and vanadium property located in the states of
Colorado, Utah and Arizona, the Company has a full pipeline of
additional development prospects. Energy Fuels, through its
wholly-owned Colorado subsidiary, Energy Fuels Resources
Corporation, has assembled this property portfolio along with a
first-class management team, including highly skilled technical
mining and milling professionals based in Lakewood and Nucla,
Colorado and Kanab, Utah.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended and "Forward Looking Information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward-looking statements and forward looking
information that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time
with the British Columbia, Alberta and Ontario Securities
Commissions.
Contacts: Energy Fuels Inc. Gary Steele Investor Relations (303)
974-2147 or Toll free: 1-888-864-2125 Email:
investorinfo@energyfuels.com Website: www.energyfuels.com
Energy Fuels (TSX:EFR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Energy Fuels (TSX:EFR)
Historical Stock Chart
From Jul 2023 to Jul 2024