Energy Fuels Releases Updated Mineral Resource Estimates for La Sal and Juniper Ridge

Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) filed updated mineral resource estimates on its La Sal and Juniper Ridge Projects, increasing the Company’s uranium and vanadium resources for both projects. La Sal, the measured and indicated uranium and vanadium resources by about 2.7 million and 15.5 million pounds, respectively. At Juniper Ridge Project, the indicated uranium resources increased by nearly 1 million pounds.

As quoted in the press release:

The La Sal Project:

The La Sal Technical Report increases the Company’s measured and indicated uranium resources by approximately 2.7 million pounds, and its measured and indicated vanadium resources by approximately 15.5 million pounds, compared to the previous Energy Queen technical report. According to the La Sal Technical Report, the project contains 1.14 million tons of Measured and Indicated Mineral Resources with approximately 4.1 million pounds of uranium and 21.5 million pounds of vanadium at average grades of 0.18% U3O8 and 0.94% V2O5, respectively. In addition, the project contains approximately 0.2 million tons of Inferred Mineral Resources with 0.4 million pounds of uranium and 1.9 million pounds of vanadium at average grades of 0.10% U3O8 and 0.51% V2O5, respectively.

The Juniper Ridge Project:

The Juniper Ridge Technical Report increases the mineral resource estimate for the project by nearly 20% in comparison to the previous technical report. The new resource estimate for the Juniper Ridge project shows the project having a total of approximately 5.2 million tons of Indicated Mineral Resources containing 6.1 million pounds of uranium with an average grade of 0.06% eU3O8. In addition, the project is estimated to have an additional 107,000 tons of Inferred Mineral Resources containing 182,000 pounds of uranium with an average grade of 0.09% eU3O8.

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