Energy Fuels Announces Election of Directors

Rhea-AI Summary

Energy Fuels Inc. (NYSE American: UUUU) announces the results of its annual and special meeting held on May 26, 2021. All eight nominees proposed by management were elected as directors. Voting included proxy and electronic polls, with significant support for nominees such as Mark S. Chalmers receiving 96.08% approval. Energy Fuels continues to operate as a leading uranium producer in the U.S., with plans to begin commercial production of REE carbonate in 2021. The Company’s resources include three key uranium production centers, reinforcing its market position.

Positive

• 100% of the proposed directors were elected by shareholders.
• Mark S. Chalmers received 96.08% approval, indicating strong shareholder support.
• Energy Fuels remains the sole conventional uranium mill operating in the U.S.

Negative

• No significant negative aspects reported.

LAKEWOOD, Colo., May 27, 2021 /PRNewswire/ - Energy Fuels Inc. (NYSE American: 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 and special meeting of shareholders (the "Meeting") held virtually on May 26, 2021.

The eight (8) 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	16,494,553	85.70%	2,753,377	14.30%
Mark S. Chalmers	18,494,309	96.08%	753,621	3.92%
Benjamin Eshleman III	14,978,861	77.82%	4,269,069	22.18%
Barbara A. Filas	18,358,186	95.38%	889,744	4.62%
Bruce D. Hansen	16,600,408	86.25%	2,647,522	13.75%
Dennis L. Higgs	18,275,526	94.95%	972,404	5.05%
Robert W. Kirkwood	15,876,006	82.48%	3,371,924	17.52%
Alexander Morrison	16,631,280	86.41%	2,616,650	13.59%

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U₃O₈ to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of 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 produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U₃O₈ per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest 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 annual meeting held on May 26, 2021?

All eight nominees proposed for election were successfully elected by shareholders.

Who received the highest percentage of votes at the Energy Fuels shareholders meeting?

Mark S. Chalmers received 96.08% of the votes in favor.

What is the significance of the uranium production centers owned by Energy Fuels?

They reinforce Energy Fuels' position as a leading uranium producer in the United States.

When does Energy Fuels expect to start commercial production of REE carbonate?

Energy Fuels expects to commence commercial production of REE carbonate in 2021.

What is the stock symbol for Energy Fuels?

Energy Fuels trades under the stock symbol 'UUUU' on the NYSE American.