Dear Charlotte

In a recent interview with Streetwise Reports, Versant Partners Analyst Rob Chang mentioned Energy Fuels, Inc (TSX - EFR) in a positive light.

While uranium prices fell after the Japanese earthquake and tsunami, Rob says that in the long term, uranium prices must rise due to a supply shortfall and the economic necessity of using nuclear power. In this exclusive interview with The Energy Report, Rob suggests ways to take advantage of the eventual rebound and highlights some companies that will be the first to see rising stock prices, including Energy Fuels.

Rob has extensive financial markets experience dating back to 1995. He was a member of a five-person team running a multi-strategy hedge fund, a base metals research associate at BMO Capital Markets, a manager of resource funds at a boutique investment management company, and an equity analyst covering the global mining sector at an independent investment bank. Rob has an MBA from the Rotman School of Management at the University of Toronto and holds a Canadian Investment Manager designation.

We thought you'd be interested in reading Rob Chang's comments on Energy Fuels.

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Regards,

Stephen P. Antony
President, CEO and Director

Rob Chang's Comments:
"Other companies that will experience gains would be near-term producers, such as Energy Fuels. We have a 'buy' rating and a $1.30 target price on it. We like this company because it's building a 500-tpd mill within 180 miles of 23 permitted uranium mines with at least 7 Mlb. uranium in the area around the Colorado Plateau. The company also owns two turnkey mines with at least 4.5 Mlb. uranium; both can be turned on within a year, probably in nine months or less. So, we really like Energy Fuels. . .I would point investors toward Energy Fuels because it has short-term production; and with its mill, the company will have a strong position within the region."