Energy Fuels Renews Its ATM Program
Energy Fuels Renews Its ATM Program
LAKEWOOD, CO
,
Dec. 31, 2019
/CNW/
- Energy Fuels Inc. (NYSE American: UUUU; TSX:EFR)
("Energy Fuels" or the "Company")
, a leading producer of uranium in
the United States
, is
pleased to announce that today the Company has filed a prospectus supplement to its effective U.S.
registration statement on Form S-3 in order to renew its 'at-the-market' ("ATM") program. Under the
renewed ATM program the Company may, at its discretion from time to time, sell up to an additional
US$30.0 million
of common shares, with sales only being made on the NYSE American at then-
prevailing market prices, or any other existing trading market of the common shares in
the United
States
. The prospectus supplement and the accompanying base shelf prospectus relating to this
offering have been filed with the U.S. Securities and Exchange Commission ("SEC") and are
available on the SEC's website at
www.sec.gov
. Copies of the prospectus supplement and the
accompanying base shelf prospectus relating to this offering, when available, may be obtained from
Cantor Fitzgerald & Co., Attention, Equity Capital Markets, 499 Park Avenue,
New York, New York
,
10022, email:
.
About Energy Fuels:
Energy Fuels is a leading U.S.-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 in
Lakewood, Colorado
, near
Denver
, 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."
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain "Forward Looking Information" and "Forward Looking
Statements" within
the
meaning of applicable securities legislation, which may include, but is not
limited to, statements with respect to: the
Company being a leading producer of uranium in the
U.S.
and the successful utilization of the ATM
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
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 successful utilization of the ATM,
and 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.
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SOURCE
Energy Fuels Inc.
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%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 16:53e 31-DEC-19