Advancement Of Work To Prepare For Restart At Nichols Ranch Uranium Project

DENVER, CO - Energy Fuels Inc. reported that its work to prepare for the restart of its Nichols Ranch in-situ recovery (ISR) uranium mine 80 miles northeast of Casper, Wyoming in the Powder River Basin is advancing as planned, with initial pre-production drilling intercepts showing stronger mineralization than anticipated. The Company currently expects that the development of the remainder of its permitted Production Area 2 (PA2) could be ready to commence production as early as July, 2025.