Energy Fuels Announces Improved Project Economics ...
Energy Fuels Announces Improved Project Economics for its 100%-Owned Roca Honda Project; Reestablishes ATM Program
strong>, a leading producer of uranium in
the United States, is pleased to announce that today the Company expects to file an updated Preliminary Economic Assessment (the "PEA"), which has been prepared in accordance with National Instrument 43-101 –
Standards of Disclosure for Mineral Projects ("NI 43-101"), for its 100%-owned Roca Honda Project ("Roca Honda"). All references to dollars in this press release are references to US dollars.
The PEA is entitled ' xn-location=">San Diego-based General Atomics. The Company is currently in the process of permitting Roca Honda, so that it can be ready for development in improved market conditions. Due to Roca Honda's proximity to the Company's 100%-owned White Mesa Mill, the uranium to be mined at the project is expected to be trucked to the Company's mill to be processed and concentrated into finished uranium product that will be sold into the global nuclear energy market. The White Mesa Mill is the only fully-licensed and operating conventional uranium mill in the U.S. today.
October 27, 2016. The qualified persons who authored the Technical Report are Stuart E. Collins, P.E., Robert L. Michaud, P.Eng., Mark B. Mathisen, C.P.G., each of Roscoe Postle Associates Inc., and Harold R. Roberts, P.E., Executive VP of the Company. The Technical Report will be filed on SEDAR and will be available under the Company's profile at www.sedar.com. ...