Energy Fuels Selects Engineering, Procurement and Construction Management (EPCM) Contractor for Pinon Ridge Uranium Mill
(SYMBOL: "EFR" - TSX)
TORONTO, Oct. 30 - Energy Fuels Inc. (TSX: EFR) "Energy Fuels" or "the Company" today announced the selection of world class engineering firm, CH2M Hill, to join its team advancing the construction of the Pinon Ridge uranium mill, near Naturita, Colorado, announced on July 18, 2007.
CH2M Hill, with worldwide headquarters just outside of Denver, Colorado has been selected to join our mill project team to provide EPCM services in support of licensing, engineering, and mill construction. Other team members already under contract with work in progress on the project are the Kleinfelder consulting group, conducting baseline environmental studies and preparing the mill license application, and Golder Associates providing geotechnical services and design for the mill site, tailings cells, and evaporation ponds.
"We are very pleased to have a firm with the expertise and global prominence of CH2M Hill as part of this project team," said George Glasier, Energy Fuel's President and CEO. "We are convinced that with the talent and experience we have assembled for this project, our mill will meet or exceed our goals to reach production on schedule and budget."
The mill license application to be submitted to the licensing authority, the Colorado Department of Public Health and Environment (CDPHE), requires input on actual mill process details. CH2M Hill will prepare an initial Basic Engineering report which will provide those process details for the license application and provide a study with +/- 15% capital and operating cost estimates capable of withstanding third party review. This report will provide the basis upon which the Company will secure financing for the construction of the mill. Energy Fuels is confident that this mill can be financed with minimal shareholder dilution. At the option of Energy Fuels, CH2M Hill's contract may be expanded to provide detailed engineering, procurement, and ongoing construction management services once the mill license and financing
have been obtained.
As part of the environmental data gathering and licensing process, Energy Fuels holds monthly review meetings with CDPHE and has incorporated their suggestions into the data gathering plan. By soliciting the agency's ongoing input into the design of the licensing program, the Company remains confident in its earlier announced target of mill start-up in 2010. In the process of bidding the mill project, CH2M Hill has confirmed that Energy Fuels' permitting and construction schedule is realistic and that the mill start-up can be achieved by the target date.
Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral exploration and development company actively rehabilitating formerly producing mines. With more than 40,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah and Arizona, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation, has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, 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.
'George E.L. Glasier'
President & CEO
Website: www.energyfuels.com
For further information: Energy Fuels Inc., Gary Steele, Investor Relations, (303) 974-2147, Toll free: 1-888-864-2125, Email:
investorinfo@energyfuels.com; The Equicom Group, Martti Kangas, Investor Relations, (416) 815-0700 x 243, mkangas@equicomgroup.com
*To update your contact information or to be removed from this dissemination list, please email pressreleases@equicomgroup.com
|
Energy Fuels Inc
|
|
EN DÉVELOPPEMENT |
CODE : EFR.TO |
|
CUSIP : 928640 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Energy Fuels est une société d’exploration minière d'or et de cobalt basée au Canada. Energy Fuels est en développement de projets d'or, de cobalt, d'uranium et de vanadium en USA, et détient divers projets d'exploration en USA et au Canada. Ses principaux projets en développement sont ENERGY QUEEN et PIÑON RIDGE MILL en USA et ses principaux projets en exploration sont SAN RAFAEL MINE, GREEN RIVER NORTH et CALLIHAM en USA et TENDERFOOT MESA, WHIRLWIND, BURNT POND et SHAW PROPERTY au Canada. Energy Fuels est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 580,3 millions CA$ (464,0 millions US$, 406,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 0,11 CA$, et son plus haut niveau récent le 14 février 2014 à 9,99 CA$. Energy Fuels possède 70 430 000 actions en circulation. |