Energy Fuels to Host Investor Webcast to Discuss FY- 2019 Results
Energy Fuels to Host Investor Webcast to Discuss FY-
2019 Results
LAKEWOOD, CO
,
March 18, 2020
/CNW/ -
Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) ("Energy Fuels" or
the "Company")
, a leading uranium producer in the U.S., is pleased to announce that it will host an investor webcast at 9:00
a.m. ET on
Friday, March 20, 2020
. Energy Fuels' Senior Management invites investors and other stakeholders to join our
webcast to discuss the following topics:
FY-2019 financial results;
The status of U.S. government efforts to support domestic uranium miners, including the proposed creation of a U.S.
uranium reserve;
Proactive measures the Company is taking to preserve cash and working capital, including the
$16.6 million
bought deal
financing we completed in
February 2020
, the Company's response to the COVID-19 virus, and recent market volatility;
and
The status of other cash flow generating initiatives for Energy Fuels, including ongoing alternate feed material
processing, progress on land cleanup, and potential rare earth element opportunities.
How to Join the Webcast
To join the webcast, please dial 1-888-664-6392 (toll free in the U.S. and
Canada
) or 416-764-8659. The webcast slides
can be accessed through the following link:
Energy Fuels – Webcast Link
A link to a recorded version of the proceedings will be available shortly after the webcast by calling 1-888-390-0541 (toll free
in the U.S. and
Canada
) or 416-764-8677 and entering the code 434744#. This recording will be available until
March 27,
2020
.
Commitment to Continued Investor Outreach in the Era of COVID-19
Energy Fuels is committed to doing our part to contain the spread of the COVID-19 virus, including eliminating travel and
conference attendance for the time being. At the same time, Energy Fuels believes it is critically important to maintain open
lines of communication with the investor community at all times, especially in today's challenging environment. In addition to
the webcast this Friday, the Company may host additional conference calls and/or webcasts when we have significant
announcements or when otherwise warranted in the coming weeks or months. We will be able to provide investors with a
forum to speak directly to Senior Management, while also adhering to the recommendations of authorities related to the
novel coronavirus. In addition, anyone is welcome to call or email the Company at any time using the investor contact
information at the end of this press release.
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
.
Cautionary Notes:
This news release contains certain "Forward Looking Information" and "Forward Looking Statements"
within the meaning of applicable
United States
and Canadian securities legislation, which may include, but is not limited to,
statements with respect to:
any expectation as to U.S. government efforts to support domestic uranium miners, including
the proposed creation of a U.S. uranium reserve; any expectation as to any proactive measures the Company may be
taking to preserve cash and working capital; any expectation as to the Company's response to the COVID-19 virus and
recent market volatility and the success of any such responses;
any expectation as to the ability of the Company to secure
any other cash flow generating initiatives, including alternate feed material processing, land cleanup activities and potential
rare earth element opportunities; and any expectation that the Company is or will maintain its position as a leading uranium
company in
the United States
.
Generally, these forward-looking statements can be identified by the use of forward-looking
terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "estimates,"
"forecasts," "intends," "anticipates," "does not anticipate," or "believes," or variations of such words and phrases, or state
that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur," "be achieved" or "have the
potential to." All statements, other than statements of historical fact, herein are considered to be forward-looking
statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements express or implied by the forward-looking statements. Factors that could cause actual
results to differ materially from those anticipated in these forward-looking statements include risks associated with:
any
expectation as to U.S. government efforts to support domestic uranium miners, including the proposed creation of a U.S.
uranium reserve; any expectation as to any proactive measures the Company may be taking to preserve cash and working
capital; any expectation as to the Company's response to the COVID-19 virus and recent market volatility and the success
of any such responses;
any expectation as to the ability of the Company to secure any other cash flow generating
initiatives, including alternate feed material processing, land cleanup activities and potential rare earth element
opportunities; any expectation that the Company is or will maintain its position as a leading uranium company in
the United
States
;
and the other factors described under the caption "Risk Factors" in the Company's most recently filed Annual
Report on Form 10-K, which is available for review on EDGAR at
www.sec.gov/edgar.shtml
, on SEDAR at
www.sedar.com
, and on the Company's website at
www.energyfuels.com
. Forward-looking statements contained herein are made as of
the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any
forward-looking statements whether as a result of new information, results, future events, circumstances, or if
management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The
Company assumes no obligation to update the information in this communication, except as otherwise required by law.
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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 12:21e 18-MAR-20