LAKEWOOD, CO, March 2, 2020 /CNW/ - Energy Fuels Inc. (NYSE
American: UUUU; TSX: EFR) ("Energy Fuels" or the "Company"), a
leading uranium producer in the U.S., is pleased to announce that
it will be presenting at the third annual LD Micro Virtual
Conference on Tuesday, March 3, 2020 at 12:20 PM
PST / 3:20 PM EST. Curtis H. Moore, VP of
Marketing & Corporate Development, will be giving the
presentation and answering questions from investors.
You can access the live presentation at the following link:
Energy Fuels' Webcast
"Energy Fuels has a number of potentially game-changing
opportunities in front of us, and I'm excited to talk about them at
the 2020 LD Micro Virtual Conference," stated Curtis H. Moore, VP of Marketing & Corporate
Development for Energy Fuels. "On February
10, 2020, it was announced that the President included
$150 million per year for ten years
in his FY-2021 budget proposal to create a new U.S. uranium reserve
to support U.S. energy and national security. U.S. uranium mining
and nuclear fuel are now priorities for the U.S. government for the
first time in several decades. As the number one uranium producer
in the U.S. for the past several years, Energy Fuels expects to
benefit from this program and other potential government support.
We hold three of America's key uranium production facilities,
including the currently producing White Mesa Mill in Utah and Nichols Ranch in situ recovery
("ISR") facility in Wyoming, along
with the recently-producing Alta Mesa ISR Facility in Texas, which is currently on standby. In
addition, we are excited about multiple other unique opportunities
in critical minerals offered by our White Mesa Mill, including
vanadium production and the potential for rare earth element
processing. Energy Fuels is the leading uranium miner in the
U.S., and uranium production will always be our primary
focus. However, we are unique among our peers in that we have
several additional opportunities related to our uranium production
that may allow us to diversify our business and potentially
generate significant future cashflow."
"We are delighted to be hosting our third virtual event in order
to showcase some of the truly unique names in micro-cap" stated
Chris Lahiji, President of LD Micro.
"There are many people and companies who are unable to attend our
live events, due to any number of reasons, so we are happy to offer
an additional way for companies to present to investors without
taking a lot of time out of their day-to-day operations. While
virtual events will never replace the experience of sitting in the
same room as other humans, it is a great format for updating the
investor community and getting increased exposure."
The conference will be held via webcast and will feature over 40
companies in the small / micro-cap space.
About Energy Fuels: Energy Fuels is a leading
US-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 near Denver, Colorado, 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." Energy Fuels' website is www.energyfuels.com.
About LD Micro
LD Micro was founded in 2006 with the sole purpose of being
an independent resource in the microcap space. What started out as
a newsletter highlighting unique companies has transformed into an
event platform hosting several influential conferences annually
(Invitational, Summit, and Main Event).
In 2015, LDM launched the first pure microcap index (the
LDMi) to exclusively provide intraday information on the entire
sector. LD will continue to provide valuable tools for the benefit
of everyone in the small and microcap universe.
For those interested in attending, please contact
David Scher
at david@ldmicro.com or
visit www.ldmicro.com for more
information.
Cautionary Notes: This news release
contains certain "Forward Looking Information" and "Forward Looking
Statements" within the meaning of applicable United States and Canadian securities
legislation, which may include, but is not limited to, statements
with respect to: any expectation as to current
and future U.S. government support for U.S. uranium miners,
including how the President's budget will be implemented and the
timing of implementation; any expectation with respect to
the Company's ability to expand and/or resume production at its
various projects; any expectation with respect to timelines to
production and the Company's ability to maintain its leading
position as a producer; any expectation that Energy
Fuels is well-positioned to be a primary supplier of the uranium
needed for the reserve; any expectations with respect to future
vanadium or rare earths production; and any expectation that
Congress will make the requested appropriations. 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," "budgets," "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:
any expectation as to current and future U.S. government support
for U.S. uranium miners, including how the President's budget will
be implemented and the timing of implementation; any
expectation with respect to the Company's ability to expand and/or
resume production at its various projects; any expectation with
respect to timelines to production and the Company's ability to
maintain its leading position as a producer; any expectation
that Energy Fuels is well-positioned to be a primary
supplier of the uranium needed for the reserve; any expectations
with respect to future vanadium or rare earths production; any
expectation that Congress will make the requested
appropriations; and the other factors described under the
caption "Risk Factors" in the Company's most recently filed Annual
Report on Form 10-K, 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.
It should further be noted that the proposed budgeted
activities are subject to appropriation by the Congress of
the United States, and there can
be no certainty of the outcome of this budget. Therefore, the
outcome of this process remains uncertain.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/leading-us-uranium-miner-energy-fuels-to-present-at-the-2020-ld-micro-virtual-conference-301014585.html
SOURCE Energy Fuels Inc.