Welcome to Energy Fuels

Energy Fuels is an Ontario Corporation trading on the Toronto Stock Exchange (TSX - "EFR"). The principal business strategy of Energy Fuels is to license andconstruct the 500 Ton per Day Pinon Ridge Mill to process uranium and vanadium ores, the first facility of its kind to be built in the US in over 25 years. Since July of 2007, Energy Fuels has been aggressively pursuing Pinon Ridge licensing. The Pinon Ridge Mill will make a substantial contribution to US domestic energy supplies, providing the raw material for the manufacture of fuel for nuclear power generation.

Pinon Ridge will serve as a catalyst to consolidate the uranium mining districts of western Colorado and eastern Utah to again be one of the principal uranium producing areas in the world. This region once produced the bulk of uranium globally, about 50,000,000 pounds per year.

To support the mill with feed material, Energy Fuels is developing properties to mine uranium & vanadium in the States of Colorado, Utah, and Arizona. Energy Fuels' wholly-owned US subsidiary, Energy Fuels Resources Corp. conducts these activities. To date, the Company has acquired property interests covering six formerly operating uranium mines. Energy Fuels has completely permitted and refurbished its Whirlwind Mine which is ready for production. The Company has also made substantial progress in fully permitting and planning the refurbishment of its Energy Queen Mine in eastern Utah near the town of La Sal.

Energy Fuels continues to pursue opportunities to acquire additional property interests and to seek out other opportunities that create strategic value for the Company and its shareholders. Our merger with Magnum Uranium Corp. in the summer of 2009 was the first major step in this effort. Our land position, controlling in excess of 40,000 acres of BLM mineral claims and fee leases in highly prospective uranium provinces, and our proven ability to develop production from several historically producing uranium mines, puts Energy Fuels in a strong position to accomplish the mission set by our management. With our established team of experienced uranium professionals, that mission is to build a fully integrated uranium and vanadium production company through exploration, development, acquisition, mining, milling & sales, targeting primarily uranium properties which are immediately economic, on the Colorado plateau and the western United States.