Uranium mining company Energy Fuels Inc's (TSE:EFR) chief operating officer Mark Chalmers is to take over as company president from chief executive Stephen Antony.
The appointment will take effect on 1 July and is part of the company's long-term succession plans.
"Mark Chalmers has done an exceptional job over the past year as the company's chief operating officer, focusing on the optimization of the conventional side of our business. Under his management, the company has discovered large areas of high-grade uranium and copper mineralization, and completed the production shaft, at the Canyon mine,” Antony said.
“He has also been the driving force behind several key initiatives at the White Mesa mill, including the review of existing operating practices, the recovery of uranium from process water pond returns, and seeking new sources of revenue through participation in the clean-up of historic uranium mines in the region. I look forward to continuing to work with Mark in his new role as president," Antony said.
Chalmers has been chief operating officer since July 1, 2016.
Antony will continue in his role as chief executive officer after July 1, 2017. This action is being completed in accordance with the company's long-term succession plans.