TORONTO, ONTARIO--(Marketwire - July 7, 2010) - In accordance with regulatory requirements, Dundee Resources Limited ("Dundee Resources") announced today that it has acquired an aggregate of 19,250,000 common shares of Energy Fuels Inc. ("Energy Fuels") at a price of $0.16 per common share pursuant to a non-brokered private placement financing. These holdings represent an approximate 19.8% ownership interest on an undiluted basis in Energy Fuels.