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Energy Fuels is actively consolidating uranium mining in the Uravan Mineral Belt of western Colorado and eastern Utah. Through the development of its Piñon Ridge Mill, Energy Fuels is facilitating the opening of both developed and new mines and will return this region to its former position of prominence as a source of uranium to fuel the US nuclear power industry. Energy Fuels is also actively seeking properties with known resource near the Piñon Ridge Mill to expand its resource base. The 2009 merger with Magnum Uranium and the addition of Magnum's properties to the Energy Fuels portfolio was one result of this strategic effort.