TORONTO, ONTARIO--(Marketwire
- Feb. 9, 2011) - Energy Fuels Inc. (TSX:EFR) ("Energy Fuels"
or the "Company"), an advanced uranium and vanadium development
company, learned late Tuesday of a complaint in District Court, City
and County of Denver, Colorado, brought by Sheep Mountain Alliance out
of Telluride, Colorado. That complaint names the Colorado Department of
Public Health and Environment as Defendant, and Energy Fuels' Colorado
subsidiary, Energy Fuels Resources Corp. as an Indispensible Party and
alleges improprieties in the January 5, 2011, issuance of the
Radioactive Materials License for the Company's Pinon
Ridge Uranium Mill.
Steve Antony, President and CEO of Energy Fuels stated that, "Upon
review by the Company we find that the complaint has no merit."
About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral
development company actively rehabilitating and developing formerly
producing mines. With more than 38,000 acres of highly prospective
uranium and vanadium property located in the states of Colorado, Utah,
Arizona, Wyoming, and New Mexico, and exploration properties in
Saskatchewan's Athabasca Basin totaling approximately 32,000 additional
acres, the Company has a full pipeline of additional development
prospects. Energy Fuels, through its wholly-owned Colorado subsidiary,
Energy Fuels Resources Corporation and its British Columbia subsidiary,
Magnum Uranium Corp., has assembled this property portfolio along with
a first class management team, including highly skilled technical
mining and milling professionals based in Lakewood and Naturita, 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.
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