Energy Fuels Announces Election of Directors

Energy Fuels Announces Election of Directors

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") a leading U.S.-based critical minerals company, announces the results of the election of directors at its annual and special meeting of shareholders (the " Meeting ") held virtually on June 11, 2024 .

Energy Fuels Inc. Logo (CNW Group/Energy Fuels Inc.)

The ten (10) nominees proposed by management for election as directors were elected by the shareholders of the Company, through a combination of votes by proxy and electronic poll, as follows:

Nominee

Votes For

% For

Votes Withheld or
Abstained

% Withheld or
Abstained

J. Birks Bovaird

45,321,752

91.23 %

4,358,256

8.77 %

Mark S. Chalmers

47,226,027

95.06 %

2,453,981

4.94 %

Benjamin Eshleman III

47,674,386

95.96 %

2,005,622

4.04 %

Ivy V. Estabrooke

47,119,198

94.85 %

2,560,810

5.15 %

Barbara A. Filas

46,967,300

94.54 %

2,712,708

5.46 %

Bruce D. Hansen

47,922,396

96.46 %

1,757,612

3.54 %

Jaqueline Herrera

46,948,646

94.50 %

2,731,362

5.50 %

Dennis L. Higgs

48,312,025

97.25 %

1,367,983

2.75 %

Robert W. Kirkwood

47,763,461

96.14 %

1,916,547

3.86 %

Alexander G. Morrison

48,511,981

97.65 %

1,168,027

2.35 %

About Energy FuelsEnergy Fuels is a leading U.S.-based uranium and critical minerals company. The Company, as a leading producer of uranium in the United States , mines uranium and produces natural uranium concentrates that are sold to major nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels recently began production of advanced rare earth element (" REE ") materials, including mixed REE carbonate in 2021, and commenced production of commercial quantities of separated REEs in 2024. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. Its corporate offices are in Lakewood, Colorado , near Denver , and substantially all its assets and employees are in the United States . Energy Fuels holds two of America's key uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (" ISR ") Project in Wyoming . The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U 3 O 8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE products, from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U 3 O 8 per year. The Company recently acquired the Bahia Project in Brazil and entered into a joint venture agreement to develop the Donald Project in Australia , each of which is believed to have significant quantities of titanium (ilmenite and rutile), zirconium (zircon) and REE (monazite) minerals. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects in production, on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/energy-fuels-announces-election-of-directors-302171431.html

SOURCE Energy Fuels Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/12/c0233.html

News Provided by Canada Newswire via QuoteMedia

UUUU
Energy Fuels

Energy Fuels Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Energy Fuels

Energy Fuels


Keep reading...Show less
Market News

Former Critical Minerals Leader from General Motors Joins Energy Fuels to Advance Rare Earth Business; Separated NdPr Now Being Packaged at Energy Fuels' White Mesa Mill

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (" Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare earth elements ("REEs"), and vanadium, is pleased to welcome Debra Bennethum to Energy Fuels' Management Team as Director, Critical Minerals & Strategic Supply Chain. Ms. Bennethum is a chemical engineer who previously served as the EV Critical Minerals Manager in the Global Purchasing and Supply Chain Division of General Motors ("GM"), and previously as the Program Purchasing Manager for GM's Battery Electric Vehicles and Crossovers division. At GM, Ms. Bennethum executed supply strategies to ensure resilient EV critical mineral supply chains, which included the REEs for production of permanent magnets as well as battery critical minerals. She also identified innovative suppliers, vetted technical merit, evaluated cost competitiveness, and led negotiations for long-term supply arrangements. She further managed over $1.5 billion in investment projects from conception to execution, collaborating with engineering and internal stakeholders to ensure resilient supply chains for GM.

Keep reading...Show less
Energy Fuels Achieves Commercial Production of 'On-Spec' Separated Rare Earths at its White Mesa Mill in Utah, While Simultaneously Advancing Uranium Production

Energy Fuels Achieves Commercial Production of 'On-Spec' Separated Rare Earths at its White Mesa Mill in Utah, While Simultaneously Advancing Uranium Production

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ( "Energy Fuels" or the "Company" ), a leading U.S. producer of uranium, rare earth elements (" REEs "), and vanadium, is pleased to announce that it has achieved commercial production of separated neodymium-praseodymium (" NdPr ") at its White Mesa Mill in Utah (the " Mill "). Critically, the NdPr produced by Energy Fuels' meets the applicable product specifications of REE metal-makers, who specialize in the manufacture of REE-based alloys required for the permanent magnets widely used for electric motors in both battery powered electric vehicles (" EVs ") and dual power hybrids. Further, this 'on-spec' NdPr is now able to be produced by Energy Fuels at the full design capacity of its new Phase 1 REE separation circuit (850 to 1,000 metric tons (" tonnes ") of NdPr per year). The Company expects to have commercial quantities of separated NdPr available for shipment by the end of June 2024 . Energy Fuels believes this is the first time in several decades that a U.S. company has produced on-spec separated REE's from monazite on a commercial scale.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Energy Fuels and Astron Corporation Limited Execute Definitive Agreements to Jointly Develop the Donald Rare Earth and Mineral Sands Project in Australia; Uranium Production from the Company's U.S. mines and Alternate Feed Materials Continues to Ramp up as Planned

Energy Fuels and Astron Corporation Limited Execute Definitive Agreements to Jointly Develop the Donald Rare Earth and Mineral Sands Project in Australia; Uranium Production from the Company's U.S. mines and Alternate Feed Materials Continues to Ramp up as Planned

  • The Donald Project is an advanced-stage project with the potential to supply approximately 7,000 – 14,000 tonnes of monazite sand in a rare earth element (" REE ") concentrate (" REEC ") per year to Energy Fuels' White Mesa Mill (the " Mill "), located in Utah, U.S.A. , for processing into separated REE oxides, as early as 2026.
  • Under the joint venture, Energy Fuels has the right to invest AUD$183 million (approximately $122 million ) and issue $17.5 million in Energy Fuels shares to earn up to a 49% interest in the project.
  • Of these amounts, Energy Fuels expects to issue $3.5 million in Energy Fuels shares in 2024 and to invest approximately $10.6 million in 2024 from its existing working capital (approximately $225 million at March 31, 2024 ) , prior to making a final investment decision to proceed with the development of the first phase of the project. A positive final investment decision would require the approval of both Energy Fuels and Astron and would generally require commitments for satisfactory offtake and/or sales agreements for the REE oxides expected to be produced from REEC at the Mill, as well as commitments for non-recourse and/or government-backed debt financing for the project.
  • The REEC production of approximately 7,000 to 8,000 tonnes per year from the first phase of the Donald Project would be processed at the Mill's recently constructed REE oxide separation circuit, which is expected to be fully commissioned by the end of Q2 2024 and has the capacity to process up to 10,000 tonnes of monazite sand per year into up to 1,000 tonnes of NdPr oxide per year, along with a heavy mixed REE carbonate, without the need for any further capital expenditures at the Mill.
  • During 2024 and 2025, the Company also plans to continue to design, permit, and construct an expansion of REE oxide production capacity at the Mill to 40,000 – 60,000 tonnes of monazite per year, which is expected to be completed in 2027, and would have the capacity to process the second phase of monazite production from the Donald Project of 13,000 to 14,000 tonnes of REEC per year, which could be available as early as 2029/2030, as well as planned monazite production from the Company's Bahia Project in Brazil and the Company's planned acquisition of the Toliara Project in Madagascar .
  • The Company's REE production initiatives will not diminish in any way the Company's U.S. leading uranium production capabilities, which are proceeding as planned. The Company expects to produce approximately 150,000 to 500,000 pounds of uranium oxide (" U 3 O 8 " ) in 2024 from its U.S. mines and alternate feed materials ramping up to mining at a run-rate of approximately 1.1 million to 1.4 million pounds of U 3 O 8 per year later this year from three of its existing mines, with plans to increase mining to the rate of approximately 2 million pounds of U 3 O 8 per year by 2025 and up to 5 million pounds per year in coming years if market conditions continue to be positive, as expected.

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ( "Energy Fuels" or the "Company" ), a leading U.S. producer of uranium, REEs, and vanadium, is pleased to announce that it has executed binding agreements with Astron Corporation Limited (" Astron ") creating a joint venture (the " Venture ") to develop and operate the Donald Rare Earth and Mineral Sands Project, located in the Wimmera Region of the State of Victoria, Australia (the " Donald Project "). All references to dollars or $ in this news release are references to US$ unless otherwise indicated.

The Donald Project is a world-class, world scale, REE and heavy mineral sand (" HMS ") deposit that has the potential to provide Energy Fuels with a near-term, low-cost, and large-scale source of monazite sand in an REE concentrate (" REEC ") that would be transported to the Company's Mill in Utah, USA for processing into REE oxides and other advanced REE materials to fuel the clean energy transition and meet critical U.S. national security needs.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Clean Energy and Precious Metals Hybrid Virtual Investor Conference: Presentations Now Available for Online Viewing

Clean Energy and Precious Metals Hybrid Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Clean Energy and Precious Metals Hybrid Virtual Investor Conference held May 23 rd are now available for online viewing.

REGISTER NOW AT : https://bit.ly/4bNF5Zi

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Clean Energy & Precious Metals Hybrid Investor Conference Agenda Announced for May 23rd

Clean Energy & Precious Metals Hybrid Investor Conference Agenda Announced for May 23rd

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Clean Energy & Precious Metals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

This in-person and virtual event will showcase live company presentations and interactive discussions featuring all types of metals including Gold, Silver, Palladium, Platinum and "Clean Energy Metals" such as Cobalt, Copper, Nickel, Phosphate, Rare Earth Elements, Uranium and Zinc. Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Appia Begins Drilling at the Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Appia Begins Drilling at the Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program at the uranium-bearing Loranger property adjacent to the renowned Athabasca Basin. The goal of this program is to target favorable geophysical indicators intersecting the Tabbernor Fault system, with the primary objective of discovering conductors and alteration halos that may lead to uranium mineralization. The program will include up to 1,000 meters of drilling across 3 to 4 drill targets.

Stephen Burega, President of Appia, commented: "With the commencement of the Loranger drill program, Appia reconfirms its commitment to moving our uranium assets in Saskatchewan forward. Following the completion of a successful ground reconnaissance program on our Eastside property last month (see June 5th 2024 Press Release), we now have a drill testing a number of intriguing conductors at the Loranger property aimed at uncovering uranium mineralization and key geological indicators to further our understanding of the project's potential."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Penco Module EIA Application Admitted for Evaluation

Penco Module EIA Application Admitted for Evaluation

Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) is pleased to announce that, after a five-business day review period, it has received confirmation of the admissibility of its Environmental Impact Assessment ("EIA") application by the Environmental Service Assessment ("SEA") in Concepción, Chile. This confirmation marks the first step in the application process

In addition, on June 22, 2024, an extract of the EIA was published by SEA in the Official Gazette. This publication initiates the citizenship participation process, which lasts 60 business days. In parallel, the initial technical review process for the first round of observations is underway and is expected to last approximately 30 business days. Subject to SEA's confirmation that there are no further requirements of material information, the technical assessment will advance to the next phase of the process. The Company anticipates that the EIA will undergo an evaluation period of approximately 18 months and is committed to working with the SEA throughout the assessment and review process.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Osoyoos Indian Band Limited Partnership Signs Letter of Intent to Construct and Operate Record Ridge Mine

Osoyoos Indian Band Limited Partnership Signs Letter of Intent to Construct and Operate Record Ridge Mine

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("WHY Resources" or the "Company") is pleased to announce the signing of a Letter of Intent (the "LOI") with Skemxist Solutions ("SKM") (an Osoyoos Indian Band ("OIB") limited partnership with the Sutherland Group of Companies ("SGC")). The LOI contemplates the provision of road construction, site preparation, mining operations and various support services to the Company for its Record Ridge Industrial Mineral Mine ("RRIMM") near Rossland, British Columbia.

The RRIMM project contains critical minerals essential to the development of Canada's green economy and achievement of its climate change goals. It is projected to produce up to 200,000 tonnes of magnesium ore per annum over an initial two-year period.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Appia to Conduct a Diamond Drilling Program at Its Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Appia to Conduct a Diamond Drilling Program at Its Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the details regarding their upcoming diamond drilling program at their Loranger property, SK. Located within the eastern Wollaston Domain, Loranger is situated adjacent to the renowned, uranium-rich Athabasca Basin and holds strong potential for hosting valuable uranium deposits. The focus of this program is to strategically target highlighted NE-SW electromagnetic conductors at depth (Figure 1) using results from the VTEM Plus geophysical survey conducted in 2021 by Geotech Airborne Geophysical Surveys Ltd.

Stephen Burega, President, stated: "We are looking forward to getting our diamond drilling program at Loranger underway. The project is adjacent to the east side of the uranium-rich Athabasca Basin, and this program targets NE-SW electromagnetic conductors identified by the 2021 Resistivity Depth Imaging survey, aiming to uncover significant uranium deposits."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Appia Earns Initial 10% Legal and Beneficial Interest in the PCH Project

Appia Earns Initial 10% Legal and Beneficial Interest in the PCH Project

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that, further to its press release dated December 4, 2023, Appia has earned its initial 10% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda (the "Appia Brasil") the Brazilian company that holds the PCH Project (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil.

Stephen Burega, President stated, "We have accomplished an amazing amount of work over the past year with a modest budget of $1 million USD. We achieved many milestones including a maiden Mineral Resource Estimate (MRE) on our first two targets, Target IV and Buriti Zone (See press release dated March 1st, 2024); we completed initial desorption testing confirming the ionic clay characterization of the mineralization; and we identified an additional four (4) new highly prospective target zones covering an area of over 2,400 hectares while re-confirming that the regolith developed over the Ipora Granite presents significant enrichment of Heavy Rare Earth Oxides (HREO), indicative of Ionic Adsorption Clay (IAC) rare earth elements (REE) deposits. The impressive HREO results identified across multiple zones of homogeneous mineralization highlights the true potential of the PCH project."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Energy Fuels

Energy Fuels Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×