Energy Fuels Announces Management Change
LAKEWOOD, CO, March 31, 2017 /CNW/ - Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) ("Energy Fuels" or the "Company"), a leading producer of uranium in the United States, is pleased to announce that, effective July 1, 2017, Mr. Mark S. Chalmers will become the President, as well as Chief Operating Officer ("COO"), of Energy Fuels. Mr. Chalmers is currently the Company's COO, a position he has held since July 1, 2016. Mr. Stephen P. Antony, who is currently the President and Chief Executive Officer ("CEO") of the Company, will continue in his role as CEO after July 1, 2017. This action is being completed in accordance with the Company's long-term succession plans.
Stephen P. Antony, Energy Fuels President and CEO stated: "Mark Chalmers has done an exceptional job over the past year as the Company's Chief Operating Officer, focusing on the optimization of the conventional side of our business. Under his management, the Company has discovered large areas of high-grade uranium and copper mineralization, and completed the production shaft, at the Canyon mine. He has also been the driving force behind several key initiatives at the White Mesa Mill, including the review of existing operating practices, the recovery of uranium from process water pond returns, and seeking new sources of revenue through participation in the clean-up of historic uranium mines in the region. I look forward to continuing to work with Mark in his new role as President."
About Energy Fuels: Energy Fuels is a leading integrated US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels holds three of America's key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch Processing Facility in Wyoming, and the Alta Mesa Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today and has a licensed capacity of over 8 million pounds of U3O8 per year. The Nichols Ranch Processing Facility is an ISR production center with a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is an ISR production center currently on care and maintenance. Energy Fuels also has the largest NI 43-101 compliant uranium resource portfolio in the U.S. among producers, and uranium mining projects located in a number of Western U.S. states, including one producing ISR project, mines on standby, and mineral properties in various stages of permitting and development. The Company also produces vanadium as a co-product of its uranium production from certain of its mines on the Colorado Plateau, as market conditions warrant. The Company's common shares are listed on the NYSE MKT under the trading symbol "UUUU", and on the Toronto Stock Exchange under the trading symbol "EFR".