Positive Decision Issued on Energy Fuels' Pinon Ridge Mill
TORONTO, ONTARIO -- (Marketwire) -- 01/15/13 -- Energy Fuels Inc.
(TSX:EFR) ("Energy Fuels" or the "Company") is pleased to announce
that an appointed hearing officer issued a decision confirming that
the Company's Pinon Ridge Mill will continue to move forward in the
State of Colorado's licensing process. An administrative hearing for
the Pinon Ridge Mill took place between November 7, 2012 and November
12, 2012 in Nucla, Colorado (as ordered by Denver District Court in
June 2012) for the purpose of augmenting the administrative record
that the Colorado Department of Public Health and Environment
("CDPHE") will consider in deciding whether to reissue a new license
for the Pinon Ridge Mill.
Judge Richard Dana, who presided over the administrative hearing,
concluded in his January 14, 2013 decision that the hearing fully
satisfied the requirements of Colorado law and that CDPHE must
consider any new evidence presented at the hearing. It is the
Company's belief that little new evidence was presented. As this
hearing was an intermediate procedural step in the re-licensing
process of the Pinon Ridge Mill, the judge made no recommendations
regarding the approval or denial of the license. CDPHE is now
required to issue a new license decision by April 27, 2013.
About Energy Fuels: Energy Fuels is America's largest conventional
uranium producer, supplying approximately 25% of the uranium produced
in the U.S., and is also a significant producer of vanadium. The
company operates the White Mesa Mill, which is the only conventional
uranium mill currently operating in the U.S., capable of processing
2,000 tons per day of uranium ore. Energy Fuels has projects located
throughout the Western U.S., including producing mines and mineral
properties in various stages of permitting and development.
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.
Energy Fuels Inc.
(303) 974-2140 or Toll free: 1-888-864-2125
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