November 6, 2008
Energy Fuels is proud to announce that on October 30, the Whirlwind Mine received a Sentinels of Safety Award from the US Mine Safety and Health Administration for 2007 in recognition of its exemplary safety record. The annual Sentinels of Safety award program recognizes achievement of outstanding safety records, to stimulate greater interest in safety and to encourage development of more effective accident prevention programs among the Nation’s mineral extractive industries. This program is cosponsored by the Mine Safety and Health Administration (MSHA) and the National Mining Association (NMA).
Additionally, as reported earlier, the US Bureau of Land Management issued a Record of Decision with a Finding of No Significant Impact, in effect approving Energy Fuels’ plan of operations for the Whirlwind Mine on September 10, 2008. On September 11, 2008, Energy Fuels initiated construction on the site to prepare the surface area for mine production. The primary project was building the surface water control structures to collect and manage surface runoff within the permit boundary.
The contractor has cleared vegetation and stripped and stored topsoil for later use in site reclamation. The waste rock storage area was graded and prepared to accommodate about one year of mine production at the 200 tpd mining rate. Specific projects completed include the surface runoff sedimentation pond; diversion and collection channels; roadway culverts; seeding; and the installation of the mine sanitary septic system. The mine facility is currently complete with an equipment shop, shower room, office, and water treatment facility in place. Additionally, all mine ventilation equipment and utilities are installed to the working faces, and all bolting and ground control work is complete underground. The Whirlwind Mine is ready to begin ramping up to full production, once an outlet for ore production can be secured.
Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the content of this press release.
Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 40,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah and Arizona, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation, has assembled this property portfolio along with a first class management team, including highly skilled technical 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.
‘George E.L. Glasier’
President & CEO
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