Energy Fuels to join Russell 3000 market index

Uranium supplier Energy Fuels, Inc., said on Monday that the company will join the Russell 3000 after the index's reconstitution, which is set to be completed on Friday.

A preliminary list of additions included the company.

"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," Energy Fuels CEO and President Stephen Antony said. "We are constantly striving to enhance our visibility in the marketplace, and I believe that inclusion in the Russell 3000 Index is a major achievement in this regard."

The index follows the activity and performance of the largest 3,000 companies in the U.S. stock market. Energy Fuels said it will likely also be added to the Russell 2000 Index, which follows the performance of top businesses with smaller market values.

Antony said the uranium market has seen significant growth over the past year, with spot prices increasing by approximately 30 percent.

"Nuclear energy, which provides 24/7 ‘base-load’ electricity with very low life-cycle air and carbon emissions, is expected to play a major role in confronting the duel threats of air pollution and climate change," Antony said.

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