Energy Fuels (NYSE: UUUU) (TSX: EFR) today announced the availability of a broadcast titled, “America’s National Security Blind Spot: Uranium and Rare Earth Element Production.” Few other companies have been more proactive or outspoken about supply chain risks than Energy Fuels. The Colorado-based company holds the title of the country’s largest producer of uranium and the leading conventional producer of vanadium—both designated as critical minerals by the U.S. government. A recent article authored by Greg Peel on Fnarena.com titled, “Uranium Week: Squeeze Is On” discusses the current demand for uranium while COVID-19 lockdowns continue. “Unlike the oil market, the uranium market has not suffered demand destruction. On the contrary, nuclear power is flowing freely as an essential service at this time, with nuclear plants taking precautions but already quite familiar with the concept of worker safety. Yet utility demand has not jumped,” Greg Peel stated in the article (http://nnw.fm/HY9el).
To view the full press release, visit http://nnw.fm/WqKU4
About Energy Fuels Inc.
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. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
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