NEWEnergy Fuels Announces Management Changes and the Acquisition of Additional Resource Property Adjoining the Energy
https://www.reuters.com/article/pressRelease/idUS111735+08-Apr-2009+MW20090408
TORONTO, ONTARIO, Apr 08 (MARKET WIRE) --
Energy Fuels Inc. (TSX: EFR)("Energy Fuels" or the "Company") is pleased
to announce that Mr. Jeffrey L. Vigil, CPA, will join the Company
effective April 13, 2009, as Chief Financial Officer (CFO). Mr. Vigil is
a financial veteran in the mining industry, with significant CFO
experience. He was formerly Vice President - Finance for Energy Fuels
Nuclear Inc., the largest uranium miner in the US during the 1980's,
producing more than 5 million pounds per year of yellowcake at one time.
Both George Glasier, CEO, and Steve Antony, COO, previously worked with
Mr. Vigil as part of the Energy Fuels Nuclear team.
Mr. Vigil pursued varied finance and accounting consulting assignments in
2007 and 2008, including assisting Energy Fuels in its early design and
installation of accounting systems and software. From 1996 to 2007, Mr.
Vigil served as CFO for Koala Corporation; a public company traded on the
NASDAQ exchange, with approximately 350 employees and operating divisions
in New York, Florida, Texas, and British Columbia. Koala increased sales
from $8.9 million in 1996 to a peak of $61.6 million in 2000. Mr. Vigil
managed the full range of CFO responsibilities at Koala including
financial and management reporting, bank and equity financings, tax
planning and compliance, treasury, and risk management. He was
instrumental in the acquisition of 6 companies by Koala and the
divestiture of five operating divisions between 1997 and 2000.
Gordon Phair has chosen to step down as Chief Financial Officer for
Energy Fuels, Inc. and subsidiary Energy Fuels Resources Corp., to allow
more time to pursue personal interests. Mr. Phair has served the Company
well during the early years of development, and contributed to the growth
of Energy Fuels. His employment will end effective April 15th, 2009. Mr.
Phair has agreed to remain available to the Company, and Energy Fuels
will enter into a consulting agreement with him beginning April 16, 2009.
In another management change, further consolidating Energy Fuels'
corporate activities in Colorado, Gary Steele, the Company's Vice
President - Corporate Marketing was appointed Corporate Secretary at the
Company's Annual General and Special Meeting on March 19, replacing
Michael Skutezky, who supported the Company in this role as a
Toronto-based consultant. Mr. Steele joined Energy Fuels in 2006. He will
continue to apply his extensive and broad experience in mining, mineral
economics and securities markets to investor relations, economic and
project evaluation, and utility marketing at Energy Fuels.
Mr. Glasier said, "Jeff Vigil is more than capable of fulfilling the role
of CFO at Energy Fuels as we move forward, continuing the growth of the
Company. We especially welcome his broad knowledge of public company
issues, and his hands-on experience in mergers and acquisitions. We look
forward to his contributions. We want to thank Gordon for his
contributions as CFO and in moving Energy Fuels forward as a public
company on the Toronto Stock Exchange. We also appreciate Gary adding the
duties of the Corporate Secretary to his other activities in behalf of
Energy Fuels."
Property Acquisition
Continuing Energy Fuels' active strategy of consolidating prospective
uranium properties, the Company has acquired a block of 29 claims known
as the RM/Judas Group, (approximately 520 acres), from Mesa Uranium Corp.
These claims are contiguous with the Energy Queen property on the west
side, on trend with the Energy Queen mineralized zone, and immediately
north of the Rattle Snake Mine, a historic uranium producer.
Since acquiring the 700 acre Energy Queen Mine lease in December, 2006,
Energy Fuels has increased the resource land position in this immediate
area to over 2,700 acres. This acreage includes the original lease, the
Redd Royalties lease about 1/2 mile to the northwest of the Energy Queen
lease, the DAR claim block about 2 miles south of the Energy Queen, and
the newly acquired contiguous acreage to the west. Exploration plans are
being formulated on the additional properties as budgets will allow.
Stephen P. Antony, P.E., a Qualified Person as defined by National
Instrument 43-101, has reviewed and approved the content of this press
release.
Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral
development company actively rehabilitating and developing formerly
producing mines. With more than 46,000 acres of highly prospective
uranium and vanadium property located in the states of Colorado, Utah and
Arizona, the Company has a full pipeline of additional development
prospects. Energy Fuels, through its wholly-owned Colorado subsidiary,
Energy Fuels Resources Corporation, has assembled this property portfolio
along with a first-class management team, including highly skilled
technical mining and milling professionals based in Lakewood and Nucla,
Colorado and Kanab, Utah.
This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended and "Forward Looking Information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking
statements and forward looking information that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from time to
time with the British Columbia, Alberta and Ontario Securities
Commissions.
Contacts:
Energy Fuels Inc.
Gary Steele
Investor Relations
(303) 974-2147 or Toll free: 1-888-864-2125
Email: investorinfo@energyfuels.com
Website:
www.energyfuels.com
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