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Piñon Ridge Mill

The site for the Piñon Ridge Mill was acquired in July, 2007. Energy Fuels immediately implemented a licensing program consisting of data collection for site and environmental characterization. Application was made to Montrose County for a Special Use Permit in July of 2008, and that permit was approved in September of 2009. This site is within 1/4 mile of an existing open pit uranium mine developed in the 1980's by Cotter Corporation and is within sight of a number of recently producing underground mines, also owned and operated by Cotter. Community support for the mill by the citizens of western Montrose County has been extremely strong.

Location	12 miles west of Naturita, Montrose County, Colorado on Colo. Hwy. 90 in the heart of the Uravan Mineral Belt
Land Position	880 acres owned in fee by Energy Fuels
Licensed Capacity	500 tons per day (175,000 tons per year) producing 850,000 lbs./yr. U3O8 and 3,700,000 lbs./yr. V₂O₅
Expansion Potential	1000 tons per day (350,000 tons per year)
Water Source	Well field developed by Energy Fuels with back-up for full requirement committed for purchase by the Town of Naturita
Permit Status	Special Use Permit unanimously approved by Montrose Count Board of County Commissioners
License Status	License Application determined to be complete by Colorado Department of Public Health and Environment (CDPHE) on 12/18/2009. CDPHE required to rule on application within 14 months of completeness decision
Tailings Capacity	40 years at 500 tpd
Target Start-up	2012