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Energy Fuels To Be Included In Russell 3000 Index

|Includes: Energy Fuels Inc (UUUU)

Shares of Energy Fuels' (NYSE MKT:UUUU) (NYSE:EFR) are trading over fiftenn percent higher on the NYSE over the past two trading days after the company was confirmed as one of the 3,000 largest listed companies based on market capitalization in the United States.

Energy Fuels is slated join the broad-market Russell 3000 Index after its annual reconstitution on June 26, 2015, according to a preliminary list of additions posted June 19, 2015.

The Russell 3000 index, part of global index provider FTSE Russell, measures the performance of the largest three-thousand companies in the U.S. equity market. As a member, Energy Fuels will also join the Russell 2000 index, which measures the performance of the small-cap segment of the U.S. equity universe.

Energy Fuels' membership in the Russell indexes, determined primarily by objective, market-capitalization rankings and style attributes, is expected continue for at least one year.

"As a leading producer of uranium in the United States - which is the World's largest producer of nuclear energy and the World's largest consumer of uranium - Energy Fuels is delighted to join the Russell indexes. We are constantly striving to enhance our visibility in the marketplace, and I believe that inclusion in the Russell 3000(NYSE:R) Index is a major achievement in this regard. Following the Company's acquisition of Uranerz Energy Corporation last week, Energy Fuels now has two uranium production centers, including ISR uranium production in Wyoming and conventional uranium production in Utah. The company operates the only operating conventional uranium mill in the U.S. The Company also has a portfolio of premium-priced uranium supply contracts with major nuclear utilities, a number of large uranium projects in permitting and development, and the largest NI 43-101 uranium resource portfolio in the U.S. among producers. Through these assets, we believe we are well positioned as a strategic uranium supplier in the U.S., as we have the potential to significantly increase production as uranium prices continue to increase, thereby providing the potential for excellent leverage to improving uranium markets," said Energy Fuels' president and CEO, Stephen P. Antony.

Uranium spot prices have increased by over 30% compared to a year ago. According to the World Nuclear Association 66 new reactors are being built in Europe, the Middle East, and Asia, along with the expected restart of Japan's reactors, are setting up a longer-term supply-demand imbalance within 10 years, with significant increases in uranium prices anticipated.

Energy Fuels said that for the long-term, the company continues to believe that the fundamentals of the nuclear energy sector are as strong as ever, resulting in uranium demand surpassing supply in the future. But, in response to short-term market uncertainty, the company will continue to deliver into its premium-priced long term contracts, develop its high-grade Canyon mine, permit its large-scale 20+ million pound projects, while also continuing cash conservation efforts until additional sustained improvement in uranium market conditions are seen.

Last week, Energy Fuels bought Uranerz in an all-stock deal, creating the largest uranium company focused on the United States, the only company in the World with both ISR and conventional uranium production in the U.S., and one of only three publicly-traded companies in the World with current ISR and conventional uranium production, the others being Cameco and Areva.

The company is currently 2nd in U.S. uranium production, behind only to Cameco, boasting a combined NI 43-101 resource base that is the largest in the US among producers.

The new Energy Fuels has become stronger by lowering costs and expanding its uranium sales contract portfolio, making the combined entity more competitive on the U.S. and global uranium sales marketplace.