Business News • MarketWire • Energy Fuels Announces Closing of Sale of Pinon Ridge License and Related Assets |
Energy Fuels Announces Closing of Sale of Pinon Ridge License and Related Assets |
|
|
Energy Fuels Announces Closing of Sale of Pinon Ridge License and Related Assets
TORONTO, ONTARIO and LAKEWOOD, COLORADO--(Marketwired - Nov. 7, 2014) - Energy Fuels Inc. (NYSE MKT:UUUU)(TSX:EFR) ("Energy Fuels" or the "Company") is pleased to announce that it has completed the previously announced sale of the Piņon Ridge radioactive materials license and related assets (the "Piņon Ridge Project") to a private investor group led by Baobab Asset Management LLC and George Glasier, as part of its continuing cost reduction and asset rationalization efforts, on terms previously disclosed. Since the Company owns and operates the 2,000 ton per day White Mesa Mill, the Company no longer needs to construct the 500 ton per day Piņon Ridge Project in order to meet its current or planned production. Energy Fuels' White Mesa Mill, which is expected to produce 825,000 pounds of U3O8 during 2014, continues to be the only operating conventional uranium mill in the U.S. today.
View More : http://www.marketwired.com/mw/release.do?id=1965921&sourceType=3
|
|
|