The Pinyon Plain uranium mine near the South Rim of the Grand Canyon achieved its highest monthly output since beginning operations, owner Energy Fuels Resources Inc. announced in a recent press release to investors.
The release also touted higher-than-expected ore quality. President and CEO Mark Chalmers said in the announcement the results confirmed the company’s belief that Pinyon Plain “will likely be the largest and lowest-cost U.S. uranium mine supplying the domestic nuclear energy industry over the next several years.�
kAm%9@F89 E96 >:?6’D pAC:= AC@5F4E:@? H2D :ED 9:896DE J6E[ E96C6 92G6?’E 366? G6CJ >2?J >@?E9D @7 F?:?E6CCFAE65 >:?:?8 @A6C2E:@?D[ rFCE:D |@@C6[ D6?:@C G:46 AC6D:56?E 7@C >2C<6E:?8 2?5 56G6=@A>6?E 2E t?6C8J uF6=D[ 24<?@H=65865] uC@> pF8FDE a_ac E@ y2?F2CJ a_ad[ t?6C8J uF6=D H2D k2 9C67lQ9EEADi^^2K52:=JDF?]4@>^?6HD^=@42=^?2G2;@\?2E:@?\6?6C8J\7F6=D\C6249\28C66>6?E\@?\FC2?:F>\EC2?DA@CE\7C@>\A:?J@?\A=2:?\>:?6^2CE:4=60bcc`e4c2\57ea\``67\g7dg\f366bd2fh247]9E>=Q E2C86ElQ03=2?<Qm?68@E:2E:?8 H:E9 E96 }2G2;@ }2E:@?k^2m[ H9:49 925 @3;64E65 E@ E96 4@>A2?J’D EC2?DA@CE @7 @C6 24C@DD E96 C6D6CG2E:@? E@ 2 >:== :? D@FE96C? &E29]k^Am
kAm“~?46 H6 925 E96 28C66>6?E 7:?2=:K65 :? u63CF2CJ[ E92E’D H96? H6 H6?E 324< E@ C6DF>:?8 >:?:?8 2E >@C6 @7 2 =2C86C D42=6[Q |@@C6 D2:5]k^Am
kAmx? pAC:= a_ad[ t?6C8J uF6=D 6IEC24E65 c[e_c E@?D @7 @C6 2E !:?J@? !=2:?[ 4@?E2:?:?8 23@FE `]ecT \\ fd]f E@?D \\ @7 FC2?:F> @I:56D] x? E649?:42= C6A@CED AF3=:D965 :? k2 9C67lQ9EEADi^^HHH]8C2?542?J@?ECFDE]@C8^D:E6D^5672F=E^7:=6D^C6D@FC46D^a_aa%649?:42=#6A@CE!:?J@?!=2:?!C@;64E]A57Q E2C86ElQ03=2?<Qma_aak^2m 2?5 k2 9C67lQ9EEADi^^7:=642496]:?G6DE@CC@@>]4@>^>Cd:C4?H06?6C8J7F6=D^hfc^${#Ta_t?6C8JTa_uF6=DTa_!:?J@?Ta_!=2:?Ta_!u$Ta_#t'x$tsTa_ux}p{Ta_%649?:42=Ta_#6A@CETa_abTa_u63Ta_a_ab]A57Q E2C86ElQ03=2?<Qma_abk^2m[ E96 4@>A2?J 925 6DE:>2E65 2? @C6 8C256 @7 _]ggT E@ _]hdT 7@C E96 >:?6’D >2:? 56A@D:E]k^Am
kAmqC644:2\A:A6 >:?6D =:<6 !:?J@? !=2:? �92G6 2 9:DE@CJ @7 @G6C\A6C7@C>:?8 E96 :?:E:2= 5C:==:?8[� 244@C5:?8 E@ |@@C6] q642FD6 E96 4@=F>?2C 3C644:2 A:A6 56A@D:ED 2C6 ?2CC@H \\ D@>6E:>6D @?=J `__ 766E :? 5:2>6E6C \\ 2?5 E96:C =6G6= @7 >:?6C2=:K2E:@? G2C:6D H:E9 56AE9[ E96J 42? 36 5:77:4F=E E@ 244FC2E6=J 2DD6DD H:E9 6IA=@C2E@CJ G6CE:42= 5C:== D927ED 7C@> E96 DFC7246]k^Am
kAm%96 |2J :?G6DE@C FA52E6 2=D@ ?@E65 �6I46AE:@?2= C6DF=ED� 7C@> :?:E:2= 2DD2JD @7 E96 “yF?:A6C +@?6[� 2 D6A2C2E6 A@4<6E H:E9:? E96 3C644:2 A:A6 36=@H E96 >:?6’D >2:? AC@G6? 56A@D:E] p 92?57F= @7 :?E6C46AED :? E96 yF?:A6C +@?6 C68:DE6C65 =@42=:K65 @C6 8C256D 2D 9:89 2D f]dT[ E9@F89 2G6C286 8C256 24C@DD 2== E96 D2>A=6D H2D 23@FE `]_hT[ H9:49 :D 4=@D6C E@ E96 4@>A2?J’D @C:8:?2= 6DE:>2E6 @7 _]hdT]k^Am
kAmq@E9 E96 AC@5F4E:@? C2E6 2?5 E96 @C6 BF2=:EJ 2C6 �6I4665:?8 6IA64E2E:@?D[� |@@C6 D2:5]k^Am
kAmqFE E96 7:8FC6D 2C6 F?=:<6=J E@ 2=E6C E96 6IA64E65 =:76DA2? @7 E96 >:?6]k^Am
kAm“x 5@?’E E9:?< H6’C6 8@:?8 E@ <66A FA E92E C2E6 E9C@F89@FE E96 J62C[� 96 ?@E65] t?6C8J uF6=D 6IA64ED E@ AC@5F46 36EH66? bd_ 2?5 d__ E@?D @7 7:?:D965 @C >:==65 FC2?:F> @C6 E9:D J62C 2?5 E@ DE@4<A:=6 255:E:@?2= F?AC@46DD65 @C6 2E :ED (9:E6 |6D2 |:==]k^Am
kAm$@ 72C[ |@@C6 D2:5[ E96 C6DEC:4E:@?D @? @C6 EC2?DA@CE2E:@? 24C@DD E96 }2G2;@ }2E:@? \\ :?4=F5:?8 =:>:E2E:@?D @? E96 52JD 2?5 9@FCD H96? 92F=:?8 :D 2==@H65 \\ 92G6 ?@E 4C62E65 =@8:DE:42= 492==6?86D] x7 ?646DD2CJ[ 96 25565[ E96 >:?6 H@F=5 D=@H AC@5F4E:@? E@ 4@>A=J H:E9 E96 28C66>6?E]k^Am
kAmpD A2CE @7 E92E D2>6 D6EE=6>6?E[ t?6C8J uF6=D 28C665 E@ C6>@G6 `_[___ E@?D @7 FC2?:F>\362C:?8 H2DE6 >2E6C:2=D 7C@> 232?5@?65 >:?6D @? E96 }2G2;@ }2E:@?]k^Am
kAm%96C6 2C6 9F?5C65D @7 DF49 >:?6D[ 2?5 :? y2?F2CJ[ }2G2;@ }2E:@? t?G:C@?>6?E2= !C@E64E:@? p86?4J 5:C64E@C $E6A96? tED:EEJ D2:5 E96 =@42E:@? @7 E96 4=62?FA H2D J6E E@ 36 56E6C>:?65]k^Am
kAm“xE’D DE:== :? E96 A=2??:?8 DE286D[â€� |@@C6 D2:5 E9:D H66<] â€�(6 DE2?5 C625J E@ 2DD:DE :? 2?J H2J H6 42?]â€k^Am
kAmtED:EEJ 4@F=5 ?@E 36 C624965 7@C 4@>>6?E 23@FE E96 DE2EFD @7 E96 A=2??65 4=62?FA]k^Am
k9cmr@?E:?F:?8 4@?46C?Dk^9cm
kAm$:?46 :ED :?46AE:@?[ !:?J@? !=2:? |:?6 92D 5C2H? G@4:76C@FD @3;64E:@?D 7C@> }2E:G6 EC:36D 2?5 6?G:C@?>6?E2= 25G@42E6D H9@ 92G6 2C8F65 E92E E96 >:?6 :ED6=7 E9C62E6?D 8C@F?5H2E6C 2?5 E92E EC2?DA@CE2E:@? @7 FC2?:F> @C6 6?52?86CD GF=?6C23=6 4@>>F?:E:6D 2=@?8 E96 92F= C@FE6]k^Am
kAm{6@?2 |@C82?[ 2 s:?é 24E:G:DE H9@ 4@7@F?565 E96 2?E:\?F4=62C @C82?:K2E:@? w2F= }@P[ 36=:6G6D E96 FC2?:F> @C6 8C256D 2E !:?J@? !=2:? 5@?’E ;FDE:7J E96 64@=@8:42= C:D< @C 4F=EFC2= :>A24E @7 >:?:?8 @? =2?5 4@?D:56C65 D24C65 3J D@>6 EC:36D]k^Am
kAm�%96J D2J :E’D 9:89\8C256 @C6[ 3FE :E’D G6CJ =@H H96? J@F 4@>A2C6 :E E@ >:?6D :? $2D<2E496H2? @C z2K2<9DE2?[ 7@C 6I2>A=6[� |@C82? D2:5]k^Am
kAm$@>6 >:?6D :? E96 r2?25:2? AC@G:?46 @7 $2D<2E496H2?[ =:<6 E96 r:82C {2<6 |:?6[ 92G6 FC2?:F> @C6 8C256D FA E@ `dT \\ ?62C=J `_ E:>6D 9:896C E92? !:?J@? !=2:?] Wz2K2<9DE2? :D E96 H@C=5’D 7@C6>@DE AC@5F46C @7 FC2?:F>[ DFAA=J:?8 23@FE c_T @7 E96 8=@32= E@E2=[ 3FE 24EF2==J 6IEC24ED >@DE @7 :ED @C6 7C@> =@H6C\8C256[ 9:896C\G@=F>6 56A@D:ED[ FD:?8 2 E649?:BF6 <?@H? 2D :?\D:EF =6249:?8]Xk^Am
kAm$96 D2:5 E96 t?6C8J uF6=D AC6DD C6=62D6 C6>:?565 96C @7 E96 FC2?:F> >2C<6E 3F33=6 @7 E96 62C=J a___D[ H96? E96 AC:46 @7 FC2?:F> D<JC@4<6E65 2?5 E96? 4C2D965 324< 5@H?]k^Am
kAmâ€�%96C6 H2D E9:D 9JA6[ E96C6 H2D E9:D AC@A282?52 2?5 72=D6 ?2CC2E:G6 E92E E96C6 H2D 8@:?8 E@ 36 E9:D ?F4=62C C6?2:DD2?46[â€� |@C82? C642==65] “p?5 E92E FC2?:F> 3F33=6 3FCDE] %96C6 H2D ?@ ?F4=62C C6?2:DD2?46]â€k^Am
kAm$:?46 y2?F2CJ[ !C6D:56?E s@?2=5 %CF>A’D 25>:?:DEC2E:@? 92D AC@>@E65 2? 286?52 @7 :?4C62D65 5@>6DE:4 FC2?:F> AC@5F4E:@? E9C@F89 6I64FE:G6 @C56CD 2?5 423:?6E\=6G6= 5:C64E:@?] |@C82? D2:5 D96 D66D E92E 2D 2 ?6H EH:DE @? E96 D2>6 @=5 9JA6]k^Am
kAm“%96 25>:?:DEC2E:@? ?@H :D AFD9:?8 :?4C65:3=J 7@C467F==J E@ 56G6=@A FC2?:F> >:?:?8 3J D9C:?<:?8 >@?F>6?ED[ ,2?5. 72DE\EC24<:?8 >:?6D[” |@C82? D2:5[ C676C6?4:?8 $64C6E2CJ @7 E96 x?E6C:@C s@F8 qFC8F>’D D64C6E:G6 C6G:6H @7 ?2E:@?2= >@?F>6?E =2?5D[ :?4=F5:?8 E96 q22; }H22G;@ x’E29 zF<G6?: \ p?46DEC2= u@@EAC:?ED @7 E96 vC2?5 r2?J@? }2E:@?2= |@?F>6?E :? ?@CE96C? pC:K@?2]k^Am
kAmw@H6G6C[ E96 >2C<6E 7@C &]$]\D@FC465 FC2?:F> 6G@=G6D @G6C E96 4@>:?8 J62CD[ |@C82? :D >@DE 4@?46C?65 H:E9 E96 A@E6?E:2= =@?8\E6C> 4@?D6BF6?46D @7 E9:D =2E6DE AFD9 E@ 9FCCJ >:?6D :?E@ 24E:@?]k^Am
kAm$96 6>A92D:K65 E96 6I:DE:?8 232?5@?65 >:?6D 2?5 E2:=:?8D E92E =:EE6C E96 }2G2;@ }2E:@?[ >2?J 52E:?8 324< E@ E96 r@=5 (2C[ 2?5 D2:5[ “p82:?[ H6 H:== 36 DEF4< H:E9 H92E6G6C 92AA6?D :? E9:D A6C:@5]â€k^Am
kAm“}F4=62C 7:89ED 2C6 =:76=@?8[â€� |@C82? 25565] â€�(6 42? @?=J >2?286 D@ >F49[ 3FE H6 92G6 E@ DFDE2:? @FCD6=G6D[ 3642FD6 C25:2E:@? H2DE6 :D 7@C6G6C] xE’D ?@E 2 7:89E E92E 92AA6?D :? 2 7@FC\J62C 25>:?:DEC2E:@?]â€k^Am
k9cmsC:G6CVD :==?6DD D4CFE:?:K65k^9cm
kAm~?6 C646?E :?4:56?E :? u=28DE277 3642>6 2 >:?@C 7=2D9A@:?E 7@C 4@?46C?D 23@FE FC2?:F> >:?:?8 2?5 @C6 EC2?DA@CE2E:@?] %96 5C:G6C @7 2 FC2?:F> @C6 ECF4< AF==65 @G6C ?62C E96 :?E6CD64E:@? @7 w:89H2J gh 2?5 %@H?D6?5\(:?@?2 #@25 @? E96 >@C?:?8 @7 |2J g 2?5 H2D @3D6CG65 G@>:E:?8 :? E96 A2C<:?8 =@E] ':56@ 2?5 A9@E@D @7 E96 :?4:56?E 5C6H 2EE6?E:@? @? D@4:2= >65:2]k^Am
kAm%96 r@4@?:?@ r@F?EJ $96C:77’D ~77:46 DE2E65 =2E6C :? E96 52J E92E E96 5C:G6C H2D 6IA6C:6?4:?8 â€�>:?@C 7=F\=:<6 DJ>AE@>Dâ€� F?C6=2E65 E@ E96 ECF4<’D 42C8@ 2?5 E92E >62DFC65 C25:2E:@? =6G6=D 2E E96 D46?6 5:5 ?@E 6I4665 ?@C>2= D276 =:>:ED] %96 5C:G6C C67FD65 2>3F=2?46 EC2?DA@CE 2?5 F=E:>2E6=J 4@?E:?F65 2=@?8 9:D C@FE6[ E96 DE2E6>6?E ?@E65 \\ 2=E9@F89 E96 }2G2;@ }2E:@? t?G:C@?>6?E2= !C@E64E:@? p86?4J =2E6C 4@?7:C>65 :? 2 D6A2C2E6 AF3=:4 DE2E6>6?E E92E :E 925 EFC?65 324< E96 ECF4< â€�2D 2 AC642FE:@?2CJ >62DFC6]â€k^Am
kAm|@@C6 D2:5 4@?46C?D 23@FE E96 5C:G6C’D A@E6?E:2= C25:2E:@? 6IA@DFC6 H6C6 “H:=5=J :?244FC2E6 4@?;64EFC6]� �%96 =6G6=D H6’C6 E2=<:?8 23@FE 2C6 D@ =@H[� 96 25565]k^Am
kAm&?C67:?65 FC2?:F> @C6 :D 4@?D:56C65 @?=J “H62<=J C25:@24E:G6� 3J E96 &]$] t?G:C@?>6?E2= !C@E64E:@? p86?4J[ 6>:EE:?8 AC:>2C:=J 2=A92 A2CE:4=6D \\ E96 =62DE A@H6C7F= AC@5F4E @7 C25:@24E:G6 5642J[ H9:49 42? 36 3=@4<65 3J 2 D966E @7 A2A6C @C 9F>2? D<:?] t?6C8J uF6=D 92D C6A62E65=J DE2E65 E92E :ED @C6 ECF4<D 5@ ?@E 4C62E6 2?J 6?G:C@?>6?E2= 4@?E2>:?2E:@? 2=@?8 E96 92F= C@FE6 @C 6IA@D6 4@>>F?:E:6D E@ C25:@24E:G:EJ]k^Am
kAm|@@C6 5:5 ?@E 92G6 255:E:@?2= :?7@C>2E:@? 23@FE E96 :?4:56?E 3FE DEC6DD65 E92E E96C6 2C6 72C >@C6 >F?52?6 \\ 2?5 AC@323=6 \\ 42FD6D 7@C E96 5C:G6C’D 4@?5:E:@?[ DF49 2D E96 7=F @C 7@@5 A@:D@?:?8]k^Am
kAm�%96 8FJ H2D?’E 766=:?8 H6==] ~FC ECF4< 5C:G6CD 2C6 2==@H65 E@ AF== @G6C 2?5 8@ E@ E96 32E9C@@>[� 96 D2:5]k^Am
kAmp=E9@F89 6IE6C?2= 6IA@DFC6 E@ FC2?:F> @C6 :D 4@?D:56C65 =@H\C:D<[ :?86DE:@? @C :?92=2E:@? @7 C25:@24E:G6 >2E6C:2=D 42? D:8?:7:42?E 962=E9 C:D<D[ A2CE:4F=2C=J :7 AC@=@?865]k^Am
kAm|@C82? 6IAC6DD65 4@?46C? 7@C E96 D276EJ @7 E96 ECF4< 5C:G6CD 2?5 >:?6 H@C<6CD 2?5 2=D@ D2:5 D96 H@F=5 =:<6 E@ D66 8C62E6C EC2?DA2C6?4J 7C@> E96 }2G2;@ }2E:@? 8@G6C?>6?E 2C@F?5 E96 C25:2E:@? >62DFC6>6?ED E2<6? 7C@> 92F= ECF4<D]k^Am
