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Energy Fuels Announces Election of Directors and Results of Shareholder Meeting

Shareholder Meetings

Energy Fuels Announces Election of Directors and Results of

Shareholder Meeting

LAKEWOOD, CO

,

May 29, 2019

/CNW/ -

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) ("Energy Fuels" or the "Company")

,

a leading uranium and vanadium producer in the U.S., announces the results of the election of directors and other matters at its annual

meeting of shareholders (the "

Meeting

") held on

May 29, 2019

in

Lakewood, Colorado

.

Meeting Results

The seven (7) nominees proposed by management for election as directors were elected by the shareholders of the Company, on a show of

hands, as follows:

Nominee

Votes For

% For

Votes Withheld

% Withheld

J. Birks Bovaird

26,109,529

97.64%

630,294

2.36%

Mark S. Chalmers

26,452,886

98.93%

286,937

1.07%

Benjamin Eshleman III

26,098,733

97.60%

641,090

2.40%

Barbara A. Filas

26,459,053

98.95%

280,770

1.05%

Bruce D. Hansen

24,644,956

92.17%

2,094,867

7.83%

Dennis L. Higgs

26,405,748

98.75%

334,075

1.25%

Robert W. Kirkwood

26,223,412

98.07%

516,411

1.93%

At the Meeting, on a show of hands, the shareholders also voted to approve the appointment of KPMG LLP, an independent registered

public accounting firm, as the auditors of the Company. Details of each of these matters are set out in the Management Information Circular

of the Company dated

April 9, 2019

. A report of voting results for each resolution presented at the Meeting prepared in accordance with

National Instrument 51-102 has been filed under the Company's profile on SEDAR at

www.sedar.com

.

About Energy Fuels

: Energy Fuels is a leading US-based uranium mining company, supplying U

3

O

8

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 U

3

O

8

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 U

3

O

8

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

.

View original content to download multimedia:

http://www.prnewswire.com/news-releases/energy-fuels-announces-election-of-directors-and-results-of-shareholder-meeting-300858741.html

SOURCE

Energy Fuels Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2019/29/c5280.html

%SEDAR: 00004321E

For further information:

Energy Fuels Inc., Curtis Moore - VP - Marketing & Corporate Development, (303) 974-2140 or Toll free: (888)

864-2125, [email protected], www.energyfuels.com

CO: Energy Fuels Inc.

CNW 18:32e 29-MAY-19