Thursday, February 10, 2011 12:15:00 PM
Steve Antony, President and CEO of Energy Fuels commented, "We continue to make significant progress on the consolidation of uranium assets in the region. In the last four months we have acquired five property packages, all of which have been accretive to our total uranium assets and all within economic trucking distance of our mill site."
This property borders the 94 contiguous mining claims (1,942 acres) and a 733 acre Utah State Mineral Lease recently acquired by our Colorado Plateau Partners Joint Venture (CPP) in the Sage Plain area of Utah and Colorado at the south end of the Uravan Mineral Belt. The block of properties are about 70 highway miles from Energy Fuels' proposed Pinon Ridge Mill, which was licensed January 5, 2011.
Participation in this property will be offered to Royal Resources Limited (Royal) under the terms of the Colorado Plateau Partners (CPP) joint venture agreement with Energy Fuels. At Royal's option, the property may be assigned to CPP, with Royal paying 1/2 the cost of the property. However, the full resource ultimately defined on the property will provide assured mill feed for the Pinon Ridge Mill regardless of Royal's participation, under the terms of the joint venture agreement.
Stephen P. Antony, President and CEO, and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the content of this press release.
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 38,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling approximately 32,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia subsidiary, Magnum Uranium Corp., has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Naturita, Colorado and Kanab, Utah.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.
Contacts:
Energy Fuels Inc.
Gary Steele
Investor Relations
(303) 974-2140 or Toll free: 1-888-864-2125
investorinfo@energyfuels.com
www.energyfuels.com
It's all happened before and it will all happen again. Might as well profit from it.
Recent EFR News
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 05/01/2024 08:00:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 04/01/2024 08:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 03/01/2024 09:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 02/01/2024 09:30:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/17/2024 02:21:16 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/11/2024 03:28:56 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 01/10/2024 08:58:55 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 12/27/2023 06:23:42 PM
- CORRECTING and REPLACING Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds • Business Wire • 12/22/2023 09:10:00 PM
- Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds • Business Wire • 12/18/2023 09:30:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 12/11/2023 07:27:17 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 12/01/2023 09:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 11/01/2023 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 09:17:57 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 10/02/2023 09:18:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 09/29/2023 12:32:56 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 09/01/2023 07:29:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 08/01/2023 09:14:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 07/24/2023 07:02:30 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 07/03/2023 06:38:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 06/01/2023 08:37:00 PM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM