Energy Fuels Increases Previously Announced Bought Deal Offering of Units to US$13,050,000

LAKEWOOD, CO, Sept. 15, 2016 /PRNewswire/ – Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) is pleased to announce that due to increased demand, it has entered into an amended and restated underwriting agreement (as amended and restated, the “Underwriting Agreement“) with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation and Rodman & Renshaw a unit of H.C. Wainwright & Co., LLC, acting as co-lead underwriters and joint book-running managers, to increase the size of the previously announced bought deal toUS$13,050,000. 
As previously announced, the Company intends to use the net proceeds of the Offering (i) to continue to finance the previously announced shaft sinking and evaluation at the Company’s high-grade Canyon mine project in Arizona; (ii) to continue to fund wellfield construction at the Company’s Nichols Ranch Project in Wyoming; (iii) to continue permitting of the Company’s projects, including Roca Honda and Jane Dough; (iv) to repay principal on outstanding indebtedness; and (v) for general corporate needs and working capital requirements.
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