About Energy Fuels: Energy Fuels is a leading integrated US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels holds three of America�s key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch Processing Facility in Wyoming, and the Alta Mesa Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today and has a licensed capacity of over 8 million pounds of U3O8 per year. The Nichols Ranch Processing Facility is an ISR production center with a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is an ISR production center currently on care and maintenance. Energy Fuels also has the largest NI 43-101 compliant uranium resource portfolio in the U.S. among producers, and uranium mining projects located in a number of Western U.S. states, including one producing ISR project, mines on standby, and mineral properties in various stages of permitting and development. The Company also produces vanadium as a co-product of its uranium production from certain of its mines on the Colorado Plateau, as market conditions warrant. The Company�s common shares are listed on the NYSE MKT under the trading symbol �UUUU�, and on the Toronto Stock Exchange under the trading symbol �EFR�.
Stephen P. Antony, P.E., President & CEO of Energy Fuels, is a Qualified Person as defined by Canadian National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this news release, including sampling, analytical, and test data underlying such disclosure
Cautionary Note Regarding Forward-Looking Statements: Certain information contained in this news release, including any information relating to: the Company being a leading producer of uranium in the U.S.; the Canyon mine being the highest-grade uranium mine in the United States; the expected production costs of the Canyon mine being competitive with the best uranium mines globally; the expected average grade of copper and quantities of copper at the Canyon mine; the success of shaft sinking activities at the Canyon mine; the ability of the Company through its current or future evaluations to expand or upgrade uranium or copper mineralization at the Canyon mine; the ability of the Company to successfully recover copper as a byproduct of uranium recovery at its White Mesa mill; the potential that copper recoveries could make the economics at the Canyon mine better; the expectation that the surface area disturbance, mine depth or mining method will not change and that expected unit mining costs will not significantly increase; and any other statements regarding Energy Fuels� future expectations, beliefs, goals or prospects; constitute forward-looking information within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements containing the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Energy Fuels� ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation factors relating to: the Company being a leading producer of uranium in the U.S.; the Canyon mine being the highest-grade uranium mine in the United States; the expected production costs of the Canyon mine being competitive with the best uranium mines globally; the expected average grade of copper and quantities of copper at the Canyon mine; the success of shaft sinking activities at the Canyon mine; the ability of the Company through its current or future evaluations to expand or upgrade uranium or copper mineralization at the Canyon mine; the ability of the Company to successfully recover copper as a byproduct of uranium recovery at its White Mesa mill; the potential that copper recoveries could make the economics at the Canyon mine better; the expectation that the surface area disturbance, mine depth or mining method will not change and that expected unit mining costs will not significantly increase; and other risk factors as described in Energy Fuels� most recent annual report on Form 10-K and quarterly financial reports. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Energy Fuels� filings with the various securities commissions which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of Energy Fuels relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, that speak only as of the date hereof.
Cautionary note to United States investors concerning estimates of measured, indicated and inferred resources. This news release contains certain disclosure that has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all reserve and resource estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (�CIM�) classification system. Canadian standards, including NI 43-101, differ significantly from the requirements of U.S. securities laws, and reserve and resource information contained in this news release may not be comparable to similar information disclosed by companies reporting only under U.S. standards. In particular, the term �resource� does not equate to the term �reserve� under SEC Industry Guide 7. United States investors are cautioned not to assume that all or any of Measured or Indicated Mineral Resources will ever be converted into mineral reserves. Investors are cautioned not to assume that all or any part of an �Inferred Mineral Resource� exists or is economically or legally minable. Energy Fuels does not hold any Reserves as that term is defined by SEC Industry Guide 7. Please refer to the section entitled �Cautionary Note to United States Investors Concerning Disclosure of Mineral Resources� in the Company�s Annual Report on Form 10-K dated March 15, 2016 for further details.