Energy Fuels Announces Election of Directors

Rhea-AI Summary

Energy Fuels Inc. (NYSE: UUUU) announced the results of its annual shareholder meeting held on May 25, 2022, where all ten management nominees for director were elected. Key figures include:

• Mark S. Chalmers received 99.35% support.
• J. Birks Bovaird received 84.00% support.
• All nominees averaged over 96% approval.

This meeting reflects shareholder confidence in Energy Fuels as a leading U.S. uranium producer, instrumental in supplying uranium for nuclear utilities and advancing rare earth element production.

Positive

• All ten nominees for the board of directors were successfully elected.
• Mark S. Chalmers gained 99.35% of votes, indicating strong shareholder support.
• The average support for elected directors was over 96%, reflecting confidence in company leadership.

Negative

• None.

LAKEWOOD, Colo., May 25, 2022 /PRNewswire/ - Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), the leading uranium producer in the United States, announces the results of the election of directors at its annual meeting of shareholders (the "Meeting") held virtually on May 25, 2022.

The ten (10) nominees proposed by management for election as directors were elected by the shareholders of the Company, through a combination of votes by proxy and electronic poll, as follows:

Nominee	Votes For	% For	Votes Withheld	% Withheld
J. Birks Bovaird	28,895,258	84.00%	5,504,196	16.00%
Mark S. Chalmers	34,174,259	99.35%	225,195	0.65%
Benjamin Eshleman III	33,122,677	96.29%	1,276,777	3.71%
Ivy V. Estabrooke	34,046,339	98.97%	353,115	1.03%
Barbara A. Filas	33,578,211	97.61%	821,243	2.39%
Bruce D. Hansen	33,031,520	96.02%	1,367,934	3.98%
Jaqueline Herrera	33,885,122	98.50%	514,332	1.50%
Dennis L. Higgs	33,942,354	98.67%	457,100	1.33%
Robert W. Kirkwood	33,124,267	96.29%	1,275,187	3.71%
Alexander Morrison	33,845,484	98.39%	553,970	1.61%

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U₃O₈ to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up commercial-scale production of rare earth element ("REE") carbonate. Its corporate offices are in Lakewood, Colorado, near Denver, and all its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U₃O₈ per year, and has the ability to recycle alternate feed materials from third parties, to produce vanadium when market conditions warrant, and to produce REE carbonate from various uranium-bearing ores. Energy Fuels is also evaluating the potential to recover medical isotopes for use in targeted alpha therapy cancer treatments. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U₃O₈ per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U₃O₈ per year. In addition to the above production facilities, Energy Fuels also has one of the largest SK-1300/NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com.

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SOURCE Energy Fuels Inc.

FAQ

What were the results of the Energy Fuels Inc. annual meeting on May 25, 2022?

At the annual meeting on May 25, 2022, all ten director nominees were elected with significant support, notably Mark S. Chalmers with 99.35% approval.

Who are the newly elected directors of Energy Fuels as of May 25, 2022?

The newly elected directors include J. Birks Bovaird, Mark S. Chalmers, and Benjamin Eshleman III among others.

What percentage of votes did J. Birks Bovaird receive in the election?

J. Birks Bovaird received 84.00% of the votes in the election.

How does the election of directors impact Energy Fuels Inc. (UUUU)?

The successful election of directors reflects shareholder confidence, which could positively influence Energy Fuels' stock performance and strategic direction.