LAKEWOOD, CO, March 18, 2020 /PRNewswire/ - Energy Fuels
Inc. (NYSE American: UUUU; TSX: EFR) ("Energy Fuels" or the
"Company"), a leading uranium producer in the U.S., is pleased
to announce that it will host an investor webcast at 9:00 a.m. ET
on Friday, March 20, 2020. Energy
Fuels' Senior Management invites investors and other stakeholders
to join our webcast to discuss the following topics:
- FY-2019 financial results;
- The status of U.S. government efforts to support domestic
uranium miners, including the proposed creation of a U.S. uranium
reserve;
- Proactive measures the Company is taking to preserve cash and
working capital, including the $16.6
million bought deal financing we completed in February 2020, the Company's response to the
COVID-19 virus, and recent market volatility; and
- The status of other cash flow generating initiatives for Energy
Fuels, including ongoing alternate feed material processing,
progress on land cleanup, and potential rare earth element
opportunities.
How to Join the Webcast
To join the webcast, please dial 1-888-664-6392 (toll free in
the U.S. and Canada)
or 416-764-8659. The webcast slides can be accessed
through the following link:
Energy Fuels – Webcast Link
A link to a recorded version of the proceedings will be
available shortly after the webcast by calling 1-888-390-0541 (toll
free in the U.S. and Canada) or
416-764-8677 and entering the code 434744#. This recording will be
available until March 27, 2020.
Commitment to Continued Investor Outreach in
the Era of COVID-19
Energy Fuels is committed to doing our part to contain the
spread of the COVID-19 virus, including eliminating travel and
conference attendance for the time being. At the same time, Energy
Fuels believes it is critically important to maintain open lines of
communication with the investor community at all times, especially
in today's challenging environment. In addition to the webcast this
Friday, the Company may host additional conference calls and/or
webcasts when we have significant announcements or when otherwise
warranted in the coming weeks or months. We will be able to provide
investors with a forum to speak directly to Senior Management,
while also adhering to the recommendations of authorities related
to the novel coronavirus. In addition, anyone is welcome to call or
email the Company at any time using the investor contact
information at the end of this press release.
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 in operation 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." Energy Fuels' website is www.energyfuels.com.
Cautionary Notes: This news release
contains certain "Forward Looking Information" and "Forward Looking
Statements" within the meaning of applicable United States and Canadian securities
legislation, which may include, but is not limited to, statements
with respect to: any expectation as to U.S.
government efforts to support domestic uranium miners, including
the proposed creation of a U.S. uranium reserve; any expectation as
to any proactive measures the Company may be taking to preserve
cash and working capital; any expectation as to the Company's
response to the COVID-19 virus and recent market volatility and the
success of any such responses; any expectation as to the
ability of the Company to secure any other cash flow generating
initiatives, including alternate feed material processing, land
cleanup activities and potential rare earth element opportunities;
and any expectation that the Company is or will maintain its
position as a leading uranium company in the United States. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans," "expects," "does not
expect," "is expected," "is likely," "budgets," "scheduled,"
"estimates," "forecasts," "intends," "anticipates," "does not
anticipate," or "believes," or variations of such words and
phrases, or state that certain actions, events or results "may,"
"could," "would," "might" or "will be taken," "occur," "be
achieved" or "have the potential to." All statements, other than
statements of historical fact, herein are considered to be
forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements express or implied by the
forward-looking statements. Factors that could cause actual results
to differ materially from those anticipated in these
forward-looking statements include risks associated
with: any expectation as to U.S. government
efforts to support domestic uranium miners, including the proposed
creation of a U.S. uranium reserve; any expectation as to any
proactive measures the Company may be taking to preserve cash and
working capital; any expectation as to the Company's response to
the COVID-19 virus and recent market volatility and the success of
any such responses; any expectation as to the ability of the
Company to secure any other cash flow generating initiatives,
including alternate feed material processing, land cleanup
activities and potential rare earth element opportunities; any
expectation that the Company is or will maintain its position as a
leading uranium company in the United
States; and the other factors described under
the caption "Risk Factors" in the Company's most recently filed
Annual Report on Form 10-K, which is available for review on EDGAR
at www.sec.gov/edgar.shtml, on SEDAR at
www.sedar.com, and on the Company's website at
www.energyfuels.com. Forward-looking statements contained
herein are made as of the date of this news release, and the
Company disclaims, other than as required by law, any obligation to
update any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if
management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements. The Company assumes no obligation to
update the information in this communication, except as otherwise
required by law.
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SOURCE Energy Fuels Inc.