As a major American uranium producer, our company, Energy Fuels, we sometimes get “caught-in-the-crossfire” of political controversies. This occurred most recently on the heels of President Trump’s recent decision to reduce the size of two national monuments in Utah, as described in a Washington Post article last Friday.
As a major American uranium producer, our company, Energy Fuels (TSX:EFR, NYSEMKT:UUUU), we sometimes get “caught-in-the-crossfire” of political controversies. This occurred most recently on the heels of President Trump’s recent decision to reduce the size of two national monuments in Utah, as described in a Washington Post article last Friday. Unfortunately, that article (and subsequent ones) have left some readers with a wildly exaggerated impression that we may have somehow played a significant role in the decision to reduce the size of Utah’s Bears Ears National Monument (BENM). That is simply not the case.
We have clearly stated we are not opposed to the creation of national monuments, including BENM; and we support increased protection of areas that contain unique cultural, scientific, and environmental resources.
To set the record straight for all parties, here is a factual account of what transpired. On May 11, 2017, the Department of Interior solicited public comments on the effects the designation of BENM may have on the uses of lands beyond the Monument’s boundaries “to inform the review” of BENM. On May 27, 2017, in response to that request, we submitted a two-page comment letter describing how the BENM might affect two of our operations located near, but outside, the monument.
Our letter was one of approximately 2.8 million comments that the Department received and considered during a 65-day comment period. In addition, upon advice from the local Bureau of Land Management (BLM) office, we had a 30-minute meeting with Department of Interior officials in Washington DC, where we discussed many issues on a variety of matters, including clarifying our comments on BENM. In addition, very early in the Administration’s monument review process, we offered two alternatives for some minor boundary adjustments to fringes of BENM that we believe interfered with our existing operations. Those adjustments would have affected only about 1% to 2.5% of the monument’s total land area. It doesn’t seem to make sense to place a national monument adjacent to active uranium production operations.
Ultimately, we were only one voice among many. We unequivocally support a consensus approach to public land policy that protects areas with special scientific, environmental, and scenic resources, allows Native Americans to manage and protect valuable cultural and religious sites, and permits us to operate our facilities in a responsible manner. National monuments, in addition to other policy tools, can be an effective means to achieving these values.
Sincerely,
Mark Chalmers
President and Chief Operating Officer of Energy Fuels
Note: Our formal position was featured online today by The Denver Post. You can find the story here.
Click here to connect with Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) for an Investor Presentation.
Source: www.energyfuels.com
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Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
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