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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) May Be “Best Untold Clean-Energy, Sustainability Story,” Says CEO
March 18, 2021

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) May Be “Best Untold Clean-Energy, Sustainability Story,” Says CEO

  • UUUU committed to industry-leading recycling programs; dedicated to sustainability
  • Company helping address some of world’s most daunting health, environmental issues: air pollution and climate change
  • Energy Fuels’ sustainability report tells story of company’s commitment to human rights and corporate and social responsibility

As one of the nation’s largest producers of uranium and critical minerals, Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) places a high priority on environmental responsibility and sustainability. The company’s recently published Sustainability Report outlines its commitment to a number of initiatives, including producing many of the raw materials that make clean energy and advanced technologies possible and executing industry-leading uranium and vanadium recycling programs (https://ibn.fm/8d3TQ). The report also notes UUUU’s dedication to sustainability through corporate, environmental and social responsibility.

“Energy Fuels is proud of our record of environmental stewardship,” said Energy Fuels president and CEO Mark S. Chalmers (https://ibn.fm/nY843). “We work hard every day to ensure our operations minimize potential impacts to the environment, including water, air, wildlife, soil, and cultural resources.  We operate in strict compliance with all applicable laws and regulations, and where practicable, we strive to exceed those standards.

“Past uranium mining in the U.S. created many health and environmental issues,” he continued. “However, it is important to understand that most health and environmental impacts from the uranium industry resulted from operations that occurred decades ago in the years during and after WWII and at the height of the Cold War. Energy Fuels — and the regulators that oversee our operations – are working to ensure that those mistakes are not repeated. The uranium we responsibly produce today is helping address some of the most daunting health and environmental issues facing the world today — air pollution and climate change.  We are proud to play a growing part in this global effort.”

As part of that effort, Energy Fuels is committed to environmental responsibility through its industry-leading recycling programs. UUUU recycles uranium-bearing material for the recovery of uranium at its White Mesa Mill in Utah that would otherwise be lost to direct disposal. This includes material produced from other metal mining and processing, the uranium conversion process, and other sources.

In addition, Energy Fuels is recycling high-purity vanadium from its tailings facilities.

According to UUUU’s sustainability report, the 1.8 million pounds of vanadium that Energy Fuels has recycled would produce enough vanadium for the steel girders needed to build four and a half Golden Gate bridges. The company believes it is vital to recycle and reuse as much material as possible in order to reduce the need for more mining of the world’s finite resources and reduce carbon emissions.

The Sustainability Report also noted that over its history, the White Mesa Mill has recycled more than six million pounds of uranium, all of which would otherwise have been lost to direct disposal. After being converted to nuclear fuel, that amount of recycled uranium would eliminate an estimated 85 million tons of CO2 emissions compared to coal, or the same amount of annual emissions as 18 million passenger vehicles or about one and a half times the annual CO2 emissions from the entire country of Sweden.

Energy Fuels also notes that uranium is the fuel for carbon-free, emission-free baseload nuclear power – one of the cleanest forms of energy in the world. Vanadium, which today is mainly used in the steel, aerospace and chemical industries, is also expected to increase its contribution to environmental sustainability, as next-generation, grid-scale batteries utilizing vanadium are being commercialized to store energy generated from renewable sources.

Finally, REEs, which are a group of 17 chemical elements, are the building blocks for a wide array of clean energy and advanced technologies, including wind turbines, electric vehicles, cell phones, computers, flat-panel displays, advanced optics, catalysts, medicine and national defense applications. Energy Fuels’ involvement in these sectors underlies its efforts and commitment to environmental sustainability.

“Energy Fuels might be the best untold clean energy and sustainability story in the U.S. today,” said Chalmers. “We believe our recently published Sustainability Report tells this story, along with our commitments to human rights and corporate and social responsibility. We are proud of the growing roles we play in helping address global climate change, reducing air pollution, making clean energy technologies possible, and working to make the world a healthier and cleaner place.”

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

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