MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Applauds President Trump’s Bold Action to Address Threat of Foreign Reliance on Critical Minerals
Oct 2, 2020
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading producer of uranium and vanadium in the United States, on Thursday announced that President Trump issued an Executive Order on Addressing the Threat to the Domestic Supply Chain from Reliance on Critical Minerals from Foreign Adversaries (the ” Order “). Energy Fuels believes the Order may be a major step toward providing tangible support and/or funding directed toward producers and processors of critical minerals. “President Trump made a strong statement last night on the importance of bringing the production of critical minerals back to the United States. In 2018, the Administration deemed 35 minerals critical to U.S. national security and the economy. For 31 of these 35 minerals, the U.S. imports more than half of our requirements. And, for 14 of these 35 minerals, the U.S. is effectively 100% dependent on imports,” Mark S. Chalmers, president and CEO of Energy Fuels, said in the news release. “These minerals are needed for aerospace, computers, cell phones, electrical generation and transmission, renewable energy systems and batteries, and advanced electronics. This is an unacceptable situation for a superpower like the United States, and we applaud President Trump for taking bold action to address this critical need.”
Visit the following links to view the full text of the Order: https://ibn.fm/HMURJ; President Trump’s message to Congress: https://ibn.fm/bPL9x; and a fact sheet summary: https://ibn.fm/aLGuE.
To view the full press release, visit https://ibn.fm/iZAfU
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 is evaluating the potential to implement a commercial rare earth recovery and processing program at its White Mesa Mill. Its corporate offices are near Denver, Colorado, 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. 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 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.” For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.MiningNewsWire.com
310.299.1717 Office
[email protected]
MiningNewsWire is part of the InvestorBrandNetwork.
More News
Billy Bush Joins Fox News a Decade After ‘Access Hollywood’ Tape Scandal
He lost his job as a “Today” show anchor in 2016 after footage surfaced of Donald J. Trump joking with him about sexual assault. He will be a Fox contributor.
New EU industry rules would damage UK, warns Burnham
The prime minister met the European Commission President during his visit to the United Nations General Assembly.
Trump Says He Supports Banning Diesel Exports to Bring Down Prices
Diesel prices have been setting records because of the war in Iran, but the oil industry say banning U.S. exports would not make the fuel cheaper.
Trump says he would back ban on diesel exports
Republicans lawmakers have put pressure on the president to curb exports as diesel prices soar to record highs in the US.
How Paramount Won Warner Bros.
After months of legal and political wrangling, the media mogul David Ellison arrived at a deal with the coalition of states seeking to block his $111 billion acquisition of Warner Bros. Discovery.
Global Oil Price Drops Below $100 a Barrel
Investors anticipated that a damaged Saudi Arabian pipeline may be close to reopening, allowing more oil from the region to reach world markets.
The A.I. Party House Where Networking Has a Dark Side
Group tech houses have proliferated across the San Francisco Bay Area in the artificial intelligence boom. One of the most prominent has also racked up an extensive police record.
Rosie O’Donnell Says ABC Delayed a Skit as It Readied Trump Suit
The network asked the comedian to hold off on the sketch, which mocked the president, when she filled in as host of “Jimmy Kimmel Live!”
An A.I. Image of Trump Kissing a Woman Was Fake. It Spread Anyway.
Advances in artificial intelligence and the myriad ways content is shared online have made establishing authenticity even more difficult for users of social media.
Patagonia Offers $100 to Customers Who Help Others Plan to Vote
The outdoor apparel brand, which sued the Trump administration this month, is ramping up its environmental activism before the midterm elections.
Trump and Xi to Discuss A.I. Risks and Competition at US-China Summit
Artificial intelligence is on the agenda when leaders from the United States and China meet this week. But with little consensus on a path forward, expectations are limited.
Trump Officials Eject 750,000 From Obamacare Markets, Claiming Fraud
Vice President JD Vance said the measure would save the government $2.2 billion.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.