July 30, 2008
As a first step toward permitting and licensing the Piñon Ridge Mill facility, located about 12 miles west of Naturita, Colorado, Energy Fuels (TSX: EFR) submitted an application for a Special Use Permit to the Montrose County (Colorado) Land Use Department on July 24, 2008. In the application, Energy Fuels requested that the land use designation for the 880 acre mill site be changed from “General Agricultural” to “Mineral Resource Operation Facility”. Approval of this special use permit is anticipated before the end of 2008.
Energy Fuels plans to construct and operate the Piñon Ridge Mill Facility on the subject site. The facility will process mine production from Energy Fuels’ nearby mines, as well as mines owned and operated by others, for uranium and vanadium. The facility will employ up to 95 full-time people and is planned to operate continuously for up to 30 years after commissioning.
The permit application document has been posted on Energy Fuels’ dedicated Piñon Ridge Mill website and interested parties can access it for review at the following link:
About Energy Fuels
Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral exploration and development company actively rehabilitating and developing formerly producing mines and licensing a 1,000 ton per day uranium/vanadium mill near Naturita, Colorado. With more than 46,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah and Arizona, Energy Fuels has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation, has assembled this property and project 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
FOR FURTHER INFORMATION PLEASE CONTACT:
Energy Fuels Inc
Toll free: 1-888-864-2125