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Market: TSX:EFR
52-week High/Low: C$3.05 / C$1.66
Sector: Mining
Market Cap: C$148.33M
Energy Fuels Inc

Energy Fuels Inc

Energy Fuels is a leading, US-based, integrated producer of uranium – the fuel for carbon-free, emission-free nuclear energy.

Energy Fuels Inc

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Big picture - Why invest in Energy Fuels Inc

Energy Fuels Inc Snapshot

Our uranium production portfolio is unique in the World today. Nuclear energy is expected to see strong growth in the coming years, as nations around the World work to provide plentiful and affordable energy, while combating global climate change and air pollution. We utilize both conventional and in-situ recovery (“ISR”) technology and produce uranium from two strategic facilities – the White Mesa Mill in Utah (conventional) and the Nichols Ranch Plant in Wyoming (ISR). Our portfolio also boasts a book of premium-priced sales contracts with major nuclear utilities, an industry-leading U.S.-based NI 43-101 Mineral Resource portfolio among producers, and a pipeline of high-quality, large-scale development and exploration projects. As uranium prices increase, Energy Fuels has the resources and processing capacity to significantly increase uranium production in the U.S.

Beyond Uranium

Energy Fuels is also a potential producer of vanadium, as a co-product along with uranium at some of its mines. We have significant high-grade vanadium resources, along with a separate, high-purity vanadium production circuit at the White Mesa Mill.  There is a growing potential to use vanadium in the next generation of advanced battery technologies.  Energy Fuels is poised to capitalize on this potential opportunity.

Mark Chalmers
President and Chief Executive Officer (CEO)

Mr. Chalmers heads up the company’s conventional and in situ (“ISR”) uranium production operations. From 2011 to 2015, Mr. Chalmers served as Executive General Manager of Production for Paladin Energy Ltd., a uranium producer with assets in Australia and Africa, including the Langer Heinrich and Kayelekera mines, where he oversaw sustained, significant increases in production while reducing operating costs.  He also possesses extensive experience in ISR uranium production, including management of the Beverley Uranium Mine owned by General Atomics (Australia), and the Highland mine owned by Cameco Corporation (USA).  Mr. Chalmers has also consulted to several of the largest players in the uranium supply sector, including BHP Billiton, Rio Tinto, and Marubeni, and currently serves as the Chair of the Australian Uranium Council, a position he has held since 2007.


W. Paul Goranson
Chief Operating Officer

Mr. Goranson is the Executive Vice President of ISR Operations for Energy Fuels. Mr. Goranson has over twenty-eight years of mining, processing and regulatory experience in the uranium extraction industry that includes both conventional and in-situ recovery (“ISR”) mining, and he is a registered professional engineer. Prior to the acquisition by Energy Fuels of Uranerz Energy Corporation, Mr. Goranson served as President, Chief Operating Officer and Director for Uranerz, where he was responsible for operations of the Nichols Ranch ISR Uranium Project. In addition to those duties, he also managed uranium marketing, regulatory and government affairs, exploration, and land groups. Prior to joining Uranerz, Mr. Goranson served as President of Cameco Resources, where he led the operations at the Smith Ranch-Highland, Crow Butte and North Butte ISR uranium recovery facilities. Mr. Goranson also served as Vice President of Mesteña Uranium LLC, and he has served om senior positions with Rio Algom Mining, (a subsidiary of BHP Billiton), and Uranium Resource Inc. Mr. Goranson has a Bachelor of Science in Natural Gas Engineering from Texas A&I University, and he has a Master of Science in Environmental Engineering from Texas A&M University-Kingsville.


David C. Frydenlund
Chief Finance Officer, General Counsel and Corporate Secretary

Mr. Frydenlund is Senior Vice President, General Counsel and Corporate Secretary of Energy Fuels. Mr. Frydenlund’s responsibilities include oversight of all legal matters relating to the Company’s activities. His expertise extends to NRC, EPA, State and Federal regulatory and environmental laws and regulations. From 1997 to 2012, Mr. Frydenlund was Vice President Regulatory Affairs, General Counsel and Corporate Secretary of Denison Mines Corp., and its predecessor International Uranium Corporation (“IUC”).  He also served as a director of IUC from 1997 to 2006 and Chief Financial Officer of IUC from 2000 to 2005. From 1996 to 1997, Mr. Frydenlund was Vice President of the Lundin Group of international public mining and oil and gas companies, and prior thereto was a partner with the Vancouver law firm of Ladner Downs (now Borden Ladner Gervais) where his practice focused on corporate, securities and international mining transactions law. Mr. Frydenlund holds a bachelor’s degree in business and economics from Simon Fraser University, a master’s degree in economics and finance from the University of Chicago and a law degree from the University of Toronto.


Curtis H. Moore
Vice President of Marketing and Corporate Development

Mr. Moore is the Vice President of Marketing and Corporate Development for Energy Fuels Inc.  He is in charge of product marketing for Energy Fuels, and is closely involved in mergers & acquisitions, investor relations, public relations, and corporate legal. He has been with Energy Fuels for over seven years, holding various roles of increasing responsibility. Prior to joining Energy Fuels, Mr. Moore worked in multi-family real estate development, government relations and public affairs, production homebuilding, and private law practice. Mr. Moore is a licensed attorney in the State of Colorado.  He holds Juris Doctor and Masters in Business Administration degrees from the University of Colorado at Boulder, and a bachelor of arts dual degree in Economics-Government from Claremont McKenna College in Claremont, California.

Share Structure: As of March 31, 2016
Shares Issued and Outstanding   51.9 million
Options Outstanding   2.4 million
Warrants Outstanding   4.5 million
Restricted Share Units   1.1 million
Convertible Debentures   1.5 million
Fully Diluted Shares   61.4 million
All common share purchase warrants and stock options are exercisable for one common share.

Corporate Headquarters:
225 Union Blvd., Suite 600
Lakewood, Colorado, 80228
Registered Office:
Victory Building, 18th Floor
80 Richmond Street West
Toronto, Ontario, M5H 2A4
General & Investor Information:
Email: [email protected]
Tel:  303.974.2140
Fax:  303.974.2141
Toll Free:  1.888.864.2125

Energy Fuels Inc Timeline

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