Energy Fuels Issues Letter to Shareholders

Energy Fuels (TSX:EFR,NYSEMKT:UUUU) issued a letter to shareholders from the company’s president and CEO Stephen Antony, outlining the details of the Uranerz Energy (TSX:URZ,NYSEMKT:URZ) acquisition.
As quoted in the press release:

With great enthusiasm, Energy Fuels completed our acquisition of Uranerz Energy Corporation on June 18, 2015, with the common shares of Energy Fuels continuing to trade under the symbol “UUUU” on the NYSE MKT and “EFR” on the Toronto Stock Exchange.  By adding Uranerz to our corporate family, we believe Energy Fuels has clearly emerged as the leading uranium production company focused on the U.S.  This is an exciting time to be a shareholder of Energy Fuels as we work toward achieving our goal of becoming the largest uranium producer in the largest uranium market:  the United States.
I’m proud to say that we are now the only company with both conventional and ISR uranium production in the U.S.  In addition, we have a leading portfolio of uranium development projects, a robust book of premium-priced sales contracts with major nuclear utility customers with over 2 million pounds of deliveries through 2020, and the largest NI 43-101 compliant uranium resource portfolio in the U.S. among all producers.  Indeed, we believe that we have created a much stronger company from the perspective of production, uranium resources, diversification, production scalability, growth potential, and market capitalization.
Energy Fuels is now the largest publicly-traded uranium company by market capitalization operationally focused and listed in the U.S.  We expect this to increase our exposure to institutional and retail investors globally.  In fact, on June 29, 2015, Energy Fuels became a member of the Russell 2000^®, Russell 3000^®, Russell Global^®and Russell Microcap^® Indexes, and liquidity in our stock has increased substantially.

Click here to read the full Energy Fuels (TSX:EFR,NYSEMKT:UUUU) press release.