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EFR Energy Fuels Inc

8.77
-0.21 (-2.34%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Energy Fuels Inc TSX:EFR Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.21 -2.34% 8.77 8.75 8.85 9.02 8.77 8.95 281,448 21:12:13

Colorado Department of Public Health and Environment Files Motion to Dismiss Sheep Mountain Alliance Lawsuit Challenging License

24/02/2011 11:30am

Marketwired Canada


Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company"), an advanced
uranium and vanadium development company, earlier announced that Sheep Mountain
Alliance based in Telluride, Colorado had filed suit in District Court, City and
County of Denver, Colorado, naming the Colorado Department of Public Health and
Environment (CDPHE) as Defendant, and Energy Fuels' Colorado subsidiary, Energy
Fuels Resources Corp. as an Indispensible Party.


Late yesterday, CDPHE filed a comprehensive Motion to Dismiss Sheep Mountain
Alliance's lawsuit (Sheep Mountain Alliance vs. CDPHE) challenging CDPHE's
license approval granted on January 5, to Energy Fuels Resources to construct
and operate the Pinon Ridge uranium mill near Naturita, Colorado. In its Motion
to Dismiss, CDPHE argues that Sheep Mountain's complaint fails to state any
claim over which the Denver District Court has jurisdiction to grant relief.
Moreover, CDPHE argues that Sheep Mountain lacks standing to sue the State
regarding this license decision because SMA has failed to show an injury in fact
to any interest protected by law.


Steve Antony, President and CEO of Energy Fuels stated, "We are pleased to see
the confirmation by the legal team at CDPHE that, like Energy Fuels, they
believe that this claim by the Sheep Mountain Alliance has no legal basis."


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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