Energy Fuels Inc. Announces Election of Directors and Results of Shareholder Meeting; Appointment of Large Shareholders to Board
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Energy Fuels Inc. Announces Election of Directors and Results of Shareholder
Meeting; Appointment of Large Shareholders to Board
Lakewood, Colorado – May 17, 2017
Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) (“Energy Fuels” or the “Company”) announces the
results of the election of directors and other matters at its annual meeting of shareholders (the
“Meeting”) held on May 17, 2017 in Lakewood, Colorado. In addition, the Company annou nces the
appointment of two additional large shareholders to its Board of Directors (the “Board”). The Board and
Management now cumulatively own or represent approximately 11.7% of the issued and outstanding
shares of the Company.
Meeting Results
The six nominees proposed by management for election as directors were elected by a show of hands.
Proxies were received as follows:
Nominee Votes For % For Votes Withheld % Withheld
Stephen P. Antony 11,945,781 95.29% 590,871 4.71%
J. Birks Bovaird 11,439,884 91.25% 1,096,768 8.75%
Ames Brown 11,964,979 95.44% 571,673 4.56%
Paul A. Carroll 11,436,273 91.22% 1,100,379 8.78%
Bruce D. Hansen 11,442,947 91.28% 1,093,705 8.72%
Dennis L. Higgs 12,020,968 95.89% 515,684 4.11%
At the Meeting, shareholders also voted to approve the appointment of KPMG LLP as the auditors of the
Company. Details of each of these matters are set out in the Management Information Circular of the
Company dated March 23, 2017. 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.
Appointment of Two New Directors
Following the annual meeting of shareholders, the Board appointed Messrs. Benjamin Eshleman III and
Robert W. Kirkwood to serve as directors pursuant to the Board’s power to increase the size of the
Board by up to one -third in number between annual meetings of shareho lders. As previously reported
on May 9, 2017, these two individuals bring successful track -records of achieving financial profitability,
while leading and operating oil, natural gas, and uranium mining enterprises . The Company believes
they will bring new perspectives and leadership to the Company as we navigate a promising, yet
challenging uranium market.
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As a result of the appointment of Messrs. Eshleman and Kirkwood, the Board and Management of
Energy Fuels hold or represent approximately 11.7% of the issued and outstanding shares of the
Company. The Company believes this figure demonstrates continuing support of some of the Company’s
largest shareholders, as well as the Company’s comprehensive focus on, and commitment to, operating
the business for the benefit of the shareholders.
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 oper ating 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 c enter 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 proj ect, 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 f rom 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 releas e,
including any information relating to : the Company being a leading producer of uranium in the U.S. ; the skills and
experiences Messrs. Eshleman and Kirkwood may bring to the Board, as well as the benefits expected from adding
them to the Board, including helping to ensur e that the interests of the Board are aligned with the interests of
shareholders; and any other statements regarding Energy Fuels’ future expectations, beliefs, goals or prospec ts;
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 containing 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 statements. All such forward -looking statements are subject to
important risk factors and uncertainties, 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 materially 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. ; the skills and experiences Messrs. Eshleman and Kirkwood may bring to
the Board, as well as the benefits expected from adding them to the Board, including helping to ensur e that the
interests of the Board are aligned with the interests of shareholders; 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’ fil ings 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 o f 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 – Marketing & Corporate Development
(303) 974-2140 or Toll free: (888) 864-2125
www.energyfuels.com