LAKEWOOD, CO, Dec. 31, 2019 /CNW/ - 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$30.0 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, 499 Park
Avenue, New York, New York, 10022,
email: prospectus@cantor.com.
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About Energy Fuels: Energy Fuels is a leading
U.S.-based uranium mining company, supplying
U3O8 to major nuclear utilities. The Company
also produces vanadium from certain of its projects, as market
conditions warrant. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees
are in the United States. Energy
Fuels holds three of America's key uranium production centers: the
White Mesa Mill in Utah, the
Nichols Ranch in-situ recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR Project in
Texas. The White Mesa Mill is the
only conventional uranium mill operating in the U.S. today, has a
licensed capacity of over 8 million pounds of
U3O8 per year, and has the ability to produce
vanadium when market conditions warrant. The Nichols Ranch ISR
Project is in operation and has a licensed capacity of 2 million
pounds of U3O8 per year. The Alta Mesa ISR
Project is currently on standby. In addition to the above
production facilities, Energy Fuels also has one of the largest NI
43-101 compliant uranium resource portfolios in the U.S. and
several uranium and uranium/vanadium mining projects on standby and
in various stages of permitting and development. 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.