Energy Fuels Renews Its ATM Program LAKEWOOD, Colo. ,
Energy Fuels Renews Its ATM Program
LAKEWOOD, Colo.
,
Dec. 31, 2020
/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$35.0 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, and anticipates commencing commercial production of rare earth
element ("REE") carbonate in 2021. 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, has the ability to produce vanadium when market conditions
warrant, and is completing final test-work for the production of REE carbonate from various
uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of
2 million pounds of U
3
O
8
per year. The Alta Mesa ISR Project is also on standby and has a
licensed capacity of 1.5 million pounds of U
3
O
8
per year. 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.; any expectation that the Company is able to produce REE carbonate from uranium-bearing
ores or that the Company will commence commercial production of REE carbonate in 2021 or at
all; any expectation that the Company will
successfully utilize 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.; any expectation that the Company is able to produce REE carbonate from
uranium-bearing ores or that the Company will commence commercial production of REE
carbonate in 2021 or at all; any expectation that the Company will
successfully utilize the ATM;
and
the 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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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 17:06e 31-DEC-20