Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Reports Voting Results From Annual Shareholder Meeting

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, on Wednesday reported results from the election of directors and other matters that were voted on at its annual meeting of shareholders, which was held virtually on May 27, 2020. Among other highlights, the company reported that the eight nominees proposed by management for election as directors were successfully elected by the shareholders through a mixture of votes by proxy and electronic poll. Other matters that were approved by the shareholders during the meeting include the appointment of KPMG LLP as the auditors of the company; the compensation of the company’s named executive officers, on a non-binding advisory basis, commonly referred to as a “Say-on-Pay” vote; and, on a non-binding advisory basis, the shareholders selected every three years as the favored rate of holding future non-binding advisory votes on the compensation of the company’s named executive officers.

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 on standby 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.”