April 1, 2010
Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company“) is pleased to announce the appointment of Stephen P. Antony as President and Chief Executive Officer of the Company. Mr. Antony has served as Executive Vice President and Chief Operating Officer of Energy Fuels since late 2006 and has been an integral part of Energy Fuels’ senior management team. Steve was hand picked by Energy Fuels’ founder, George Glasier, to provide day to day direction of Company activities, and to oversee all operational details, and he participated in the early planning and development of the Company. His long term industry participation and knowledge were instrumental in assembling the Energy Fuels management team, and he also played a key role in the $30.1 million (Canadian) private placement closed in December, 2006.
George Glasier, founder, and former President and CEO, resigned from both his senior management role and his Director’s seat with Energy Fuels, effective March 31, 2010. Mr. Glasier was the central figure in 2005 at the beginning of Energy Fuels Resources Corp., the Colorado subsidiary of Energy Fuels, Inc. and he led the Energy Fuels December, 2006 private placement. Among Mr. Glasier’s many significant contributions to Energy Fuels were assembling a first class management team, acquiring a portfolio of valuable uranium resource and mill properties, and leading the application process for the Montrose County Special Use Permit and the Colorado Department of Public Health and Environment Radioactive Materials License for Energy Fuels’ Piñon Ridge Mill to be built in western Montrose County Colorado. The mill license is expected to be granted early in 2011.
The Energy Fuels’ Board of Directors would like to thank Mr. Glasier for his contributions during the evolution of Energy Fuels. Mr. Glasier will continue to provide his uranium industry expertise as a Special Consultant to The Board of Directors of Energy Fuels through December 31, 2011.
Upon his resignation, Mr. Glasier stated, “I appreciate the opportunity to build Energy Fuels from a concept to a viable uranium company. Although stepping down from the demanding role of President and CEO, I will continue to contribute the best I can to see Energy Fuels realize my goal for the Company and become a major, vertically integrated producer of uranium and vanadium.”
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Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 44,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan’s Athabasca Basin totaling approximately 40,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia subsidiary, Magnum Uranium Corp., has assembled this property portfolio along with a first class management team, including highly skilled techn*-ical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.
This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and “Forward Looking Information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Energy Fuels Inc.
Toll free: 1-888-864-2125
Email: [email protected]