February 24, 2011
Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company“), Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company”), an advanced uranium and vanadium development company, earlier announced that Sheep Mountain Alliance based in Telluride, Colorado had filed suit in District Court, City and County of Denver, Colorado, naming the Colorado Department of Public Health and Environment (CDPHE) as Defendant, and Energy Fuels’ Colorado subsidiary, Energy Fuels Resources Corp. as an Indispensible Party.
CDPHE today filed a comprehensive Motion to Dismiss Sheep Mountain Alliance’s lawsuit (Sheep Mountain Alliance vs. CDPHE) challenging CDPHE’s license approval granted on January 5, to Energy Fuels Resources to construct and operate the Piñon Ridge uranium mill near Naturita, Colorado. In its Motion to Dismiss, CDPHE argues that Sheep Mountain’s complaint fails to state any claim over which the Denver District Court has jurisdiction to grant relief. Moreover, CDPHE argues that Sheep Mountain lacks standing to sue the State regarding this license decision because SMA has failed to show an injury in fact to any interest protected by law.
Steve Antony, President and CEO of Energy Fuels stated, “We are pleased to see the confirmation by the legal team at CDPHE that this claim by the Sheep Mountain Alliance has no legal basis.”
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About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 38,000 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 32,000 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 technical mining and milling professionals based in Lakewood and Naturita, 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.
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Energy Fuels Inc.
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