Energy Fuels Inc. (TSX:EFR) reports a favorable independent report prepared for Montrose County that supports and confirms its estimates of sufficient economically minable uranium resource in the region to supply the Piñon Ridge Uranium and Vanadium Mill.
The press release is quoted as saying:
The report confirms there is sufficient resource, both at current mill design capacity and potential future expanded mill capacity. The report was prepared by Economic & Planning Systems, Inc. (“EPS”), a national economics consulting firm with offices in Denver, Colorado and Sacramento and Berkeley, California.
Energy Fuels’ President and CEO, Steve Antony says:
“It is very positive to obtain independent 3rd Party verification of our projections. The bottom line is that there are considerable quantities of uranium and vanadium resource that can potentially be mined economically in this region – by us and by others. This report highlights that there is little milling capacity to bring that resource to market. These factors, combined with uranium demand projections, give further justification for the construction of the Piñon Ridge Mill.”