Energy Fuels, Uranerz Talk Uranium Price and Acquisition

Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) President and CEO Steve Antony, and Uranerz Energy Corp. (NYSEMKT:URZ,TSX:URZ) Executive Chairman Dennis Higgs talk about the future of uranium prices, an expected rise in demand for uranium, and the recent transaction between the two companies on Business News Network. Uranerz’ Dennis Higgs says, “it gives us staying power, gives us scalability to take on our existing projects and develop them in the future as uranium price moves up. Prepares us… gives us survival today and prepares us for the future.” On the uranium price, Energy Fuels’ Steve Antony says, “…plenty of business to capture, it’s just going to be at what price. Price drives everything.”

On January 5, 2015 Energy Fuels and Uranerz announced a definitive agreement whereby Energy Fuels will acquire all issued and outstanding shares of Uranerz. This creates the largest, integrated uranium production company focused solely on the USA. The agreement is expected to be completed in the second quarter of 2015.

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