Positive Decision Issued on Energy Fuels' Pinon Ridge Mill
January 15 2013 - 5:00AM
Marketwired
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") is
pleased to announce that an appointed hearing officer issued a
decision confirming that the Company's Pinon Ridge Mill will
continue to move forward in the State of Colorado's licensing
process. An administrative hearing for the Pinon Ridge Mill took
place between November 7, 2012 and November 12, 2012 in Nucla,
Colorado (as ordered by Denver District Court in June 2012) for the
purpose of augmenting the administrative record that the Colorado
Department of Public Health and Environment ("CDPHE") will consider
in deciding whether to reissue a new license for the Pinon Ridge
Mill.
Judge Richard Dana, who presided over the administrative
hearing, concluded in his January 14, 2013 decision that the
hearing fully satisfied the requirements of Colorado law and that
CDPHE must consider any new evidence presented at the hearing. It
is the Company's belief that little new evidence was presented. As
this hearing was an intermediate procedural step in the
re-licensing process of the Pinon Ridge Mill, the judge made no
recommendations regarding the approval or denial of the license.
CDPHE is now required to issue a new license decision by April 27,
2013.
About Energy Fuels: Energy Fuels is America's largest
conventional uranium producer, supplying approximately 25% of the
uranium produced in the U.S., and is also a significant producer of
vanadium. The company operates the White Mesa Mill, which is the
only conventional uranium mill currently operating in the U.S.,
capable of processing 2,000 tons per day of uranium ore. Energy
Fuels has projects located throughout the Western U.S., including
producing mines and mineral properties in various stages of
permitting and development.
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. Curtis Moore Investor Relations
(303) 974-2140 or Toll free:
1-888-864-2125investorinfo@energyfuels.com www.energyfuels.com
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