Energy Fuels trumpets executives' purchase of common shares

Energy Fuels said on Tuesday that Ames Brown, a member of the board of directors, has acquired one million common shares, totaling approximately 3.8 percent of common shares.

“The company appreciates Mr. Brown’s strong vote of confidence in Energy Fuels’ uranium production assets, finances and management,” President and CEO Stephen Antony said. “There are a number of key developments in the uranium sector occurring right now that provide us with substantial optimism as we head into 2016.”

Other management team members purchased additional shares, Antony and Executive Vice President/ISR Operations Paul Goranson also purchased shares. Antony further detailed anticipated growth for uranium production as the U.S. starts up new reactors, Japan is works toward restarting its nuclear industry and China expands its nuclear capacity.

Antony said First Energy aims to enhance and refine its production methods to benefit from any future uranium market recovery.

“While worldwide uranium demand is growing, the low uranium prices of the past few years have slowed new investment in exploration and mine development,” Antony said. “We believe these and similar factors are likely to create substantial future supply constraints resulting in rising uranium prices.”

Energy Fuels is focused in uranium mining and supplying fuel to nuclear plants.