Energy Fuels Inc (UUUU)

[bulletproof]

received this email yesterday

Dear Investor,



I want to take the time to reach out to you and offer an update on a new venture recently created by the former founding team of Uranerz Energy Corporation.



In 2005, Uranerz Energy Corporation (symbol: URZ) was formed. The market capitalization at inception was approximately US$10 million. The uranium price was hovering between $20 and $30 per pound. Over the course of the next ten years, Uranerz acquired, explored, and developed the Nichols Ranch uranium mine in Wyoming and advanced several other uranium assets, culminating in the sale of the company in a transaction with Energy Fuels Inc. At its peak, Uranerz Energy had a market capitalization approaching US$420 million. At the time of sale, in a post-Fukushima market climate, the company was valued at approximately US$175 million.



The original founders and executives of Uranerz have joined a new uranium company called URZ Energy Corp. (listed on the TSX-V with the symbol: URZ and on the OTC with the symbol: URZZF). With URZ Energy, management is intent on building another great uranium company. They are focused on utilizing their core expertise to develop a portfolio of US-based uranium projects, and have already started with three assets: the Gas Hills, Juniper Ridge and Shirley Basin projects. All three are in the company’s backyard of Wyoming, the largest producer of uranium among the 50 states.



The current market capitalization for URZ Energy is approximately US$10 million. The uranium price is back at $20 per pound. URZ management sees today’s circumstances as an opportunity to once again create shareholder value in a time of sector distress and produce results when the uranium industry rebounds.



URZ management is looking forward to building URZ Energy with the same enthusiasm and determination that propelled the success of Uranerz Energy.



Please contact the company directly if you would like more information:

[e-mail]



or sign up directly at

http://urzenergy.com/contact/