Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, looks to be well positioned to capitalize on recent attention to nuclear power. Two major international organizations, the International Energy Association (“IEA”) and OECD Nuclear Energy Agency, are key drivers of this recent push, recognizing immense benefits of nuclear energy for both economic recovery and post-COVID-19, energy-supply resilience. A recent article discussing the company reads, “With more uranium production facilities and capacity, as well as more in-ground resources, than any other company in the country, UUUU has produced more than one-third of all U.S. uranium over the past 15 years (http://nnw.fm/5yeCI). The Colorado-based diversified miner has been focused on building a rock-solid balance sheet through a strategy of reducing the debt burden over the past several years. The company is also seeking to bring rare earth element production back to the U.S. With an unparalleled ability to swiftly increase low-cost U.S. uranium production, Energy Fuels is well positioned to capitalize on the growing role of the nuclear energy in the years to come.”
About Energy Fuels Inc.
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 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 United States 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 on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels has one of the largest NI 43-101 compliant uranium resource portfolios in the United States, including 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; the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
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