Energy Fuels Inc. is one of the largest producers of uranium in the United States. Uranium is the fuel for clean, carbon-free nuclear energy, which is seeing impressive growth around the World, particularly in Asia. Energy Fuels’ positioning in the U.S. is highly strategic, as the United States is the World’s largest nuclear market. The company owns and operates lower-cost in situ uranium recovery (ISR) and conventional uranium production operations in the U.S., including the Nichols Ranch ISR Project in Wyoming (in production); the White Mesa Mill in Utah (in production); and the Alta Mesa ISR Project in Texas (on standby). In 2016, the Company expects to produce about 1 million pounds of finished uranium (as U3O8, also known as “yellowcake”). However, the Company boasts over 11.5 million pounds of production capacity at its three production centers and has the largest in-ground uranium resource portfolio in the U.S., among producers and near-producers. These assets provide Energy Fuels with the scalability to significantly increase uranium production as prices recover in the coming years.
On August 17, 2016, Liviakis Financial Communications, Inc. (“LFC”) was retained by Energy Fuels Inc. (UUUU) in various consulting capacities including strategic management planning, investor relations and other business development responsibilities. In lieu of paid expenses, salaries or commissions, LFC will be compensated in the amount of $120K or equivalent shares of Energy Fuels Inc. restricted under rule 144 per quarter. Officers and employees of LFC will buy or sell shares in Energy Fuels Inc. prior, during or after this release. LFC advises Energy Fuels Inc. but does not provide investment advice. LFC is not a registered investment advisor or broker-dealer. All material provided regarding including, but not limited to its history, corporate status, and other developments was prepared using information approved and signed off by Energy Fuels Inc. management as approved for public dissemination. Although the information contained herein is believed to be reliable, LFC makes no warranties as to the accuracy of the description of any of the content herein and accepts no liability for how readers may choose to utilize it.