Uranium miner Energy Fuels Inc (TSE:EFR, NYSEMKT:EFR) has confirmed the appointment of two major stakeholders to the board following the annual meeting of shareholders on May 17.
The board has now appointed Benjamin Eshleman III and Robert W. Kirkwood to serve as directors, it said. These add to the six directors elected at the meeting.
READ - Energy Fuels says new discoveries could lower production costs
READ - New directive should provide boost for uranium sector, Cantor Fitzgerald believes
The board can increase the size of the board by up to one-third in number between annual meetings.
Benjamin Eshleman has a 6.1% stake in Energy Fuels by virtue of the Toronto-listed company's acquisition of Alta Mesa last year.
In addition to his experience in oil and gas operations, he also has significant experience in situ uranium recovery (ISR) operations.
Meanwhile, Robert Kirkwood controls around 1.6% of the issued share capital of Energy Fuels. He brings extensive energy experience to the Energy Fuels board.
"The company believes that they will bring new perspectives and leadership to the company as the company navigates a promising yet challenging uranium market," it said today.
As a result of the appointment of the two appointments, the board and management of Energy Fuels hold or represent around 11.7% of the share capital.
"The company believes that this figure demonstrates the continuing support of some of the company's largest shareholders, as well as the company's comprehensive focus on, and commitment to, operating the business for the benefit of the shareholders," it said.