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Energy Fuels Announces Improved Project Economics for its 100%-Owned Roca Honda Project; Reestablishes ATM Program
Energy Fuels Announces Improved Project Economics for its 100%-Owned Roca Honda Project; R...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Announces Improved Project Economics for its 100%-Owned Roca Honda Project; Reestablishes ATM Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLAKEWOOD, CO, Dec. 23, 2016\n\n\n\nLAKEWOOD, CO, Dec. 23, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) (\"Energy Fuels\" or the \"Company\"), a leading producer of uranium in the United States, is pleased to announce that today the Company expects to file an updated Preliminary Economic Assessment (the \"PEA\"), which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\"), for its 100%-owned Roca Honda Project (\"Roca Honda\").  All references to dollars in this press release are references to US dollars.\n\nRoca Honda is one of the largest and highest grade uranium projects in the U.S.  It is located in northwest New Mexico, adjacent to the Mount Taylor Mine, which is a large, developed, high-grade uranium mine held by a wholly-owned subsidiary of San Diego-based General Atomics.  The Company is currently in the process of permitting Roca Honda, so that it can be ready for development in improved market conditions.  Due to Roca Honda's proximity to the Company's 100%-owned White Mesa Mill, the uranium to be mined at the project is expected to be trucked to the Company's mill to be processed and concentrated into finished uranium product that will be sold into the global nuclear energy market.  The White Mesa Mill is the only fully-licensed and operating conventional uranium mill in the U.S. today. \n\nThe new PEA primarily reflects an update to Roca Honda's ownership status based on: (i) the Company's acquisition of 4,580-acres of adjacent properties in August of 2015, and (ii) the Company's acquisition of the 40% ownership interest of the Company's former joint venture partner in May of 2016, thereby increasing the Company's ownership in the Project to 100%.  \n\nThe PEA is entitled \"Technical Report on the Roca Honda Project, McKinley County, State of N...