Energy Fuels Announces Management Change
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Energy Fuels Announces Management Change
Lakewood, Colorado – March 31, 2017
Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”) , a leading producer
of uranium in the United States , is pleased to announce that , effective July 1, 2017, Mr. Mark S.
Chalmers will become the President, as well as Chief Operating Officer (”COO”), of Energy Fuels. Mr.
Chalmers is currently the Company’s COO, a pos ition he has held since July 1, 2016. Mr. Stephen P.
Antony, who is currently the President and Chief Executive Officer (“CEO”) of the Company, will
continue in his role as CEO after July 1, 2017. This action is being completed in accordance with the
Company’s long-term succession plans.
Stephen P. Antony, Energy Fuels President and CEO stated: “Mark Chalmers has done an exceptional
job over the past year as the Company’ s Chief Operating Officer, focusing on the optimization of the
conventional side of our business. Under his management , the Company has discovered large areas of
high-grade uranium and copper mineralization, and completed the production shaft , at the Canyon
mine. He has also been the driving force behind several key initiatives at the White Mesa Mill, including
the review of existing operating practices, the recovery of uranium from process water pond returns,
and seeking new sources of revenue through participation in the clean -up of historic uranium mines in
the region. I look forward to continuing to work with Mark in his new role as President.”
About Energy Fuels: Energy Fuels is a leading integrated US -based uranium mining company, supplying U 3O8 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 U 3O8 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”.
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. ; Mark Chalmers
assuming the role as President effective July 1, 2017; the Company’s expectations with regard to mineralization and
development at the Canyon Mine; the Company’s expectations with regard to its review of existing operating
practices, recoveries from pond returns and new sources of revenue at the White Mesa Mill ; 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 co ntaining 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 sta tements. All such forward -looking statements are subject to important risk factors and uncertainties,
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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 mater ially 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. ; Mark
Chalmers assuming the role as President effective July 1, 2017; the Company’s expectations with regard to
mineralization and development at the Canyon Mine; the Company’s expectations with regard to its review of
existing operating practices, recoveries from pond returns and new sources of revenue at the White Mesa Mill; a nd
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.
Energy Fuels Inc.
Curtis Moore – VP of Marketing & Corporate Development
(303) 974-2140 or Toll free: (888) 864-2125
www.energyfuels.com