Gevo Options Site for Expansion Project

 

ENGLEWOOD, Colorado – December 21, 2020 – Gevo, Inc. (“Gevo”) (NASDAQ: GEVO), announced today that it has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, and has met the initial milestone to secure control of a site by the end of this year that meets the conditions required by the contract that Trafigura Trading LLC (“Trafigura”) and Gevo executed in August 2020. The production facility planned for Lake Preston is contemplated to produce about 45,000,000 million gallons per year collectively of jet fuel and renewable gasoline products. Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of the Citigroup led project financing.

“We like the scale of plant that could be built at the Lake Preston site, it has the potential to produce large amounts of our products. It also has room to expand further, or add other businesses,” said Patrick R. Gruber, Gevo’s Chief Executive Officer.

A copy of the contract between Gevo and Trafigura was filed with the U.S. Securities and Exchange Commission on Form 8-K on August 20, 2020.

About Gevo

Gevo is commercializing the next generation of jet fuel, gasoline and diesel fuel with the potential to achieve zero carbon emissions and address the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes. As a result, Gevo is able to produce low-carbon fuels with substantially reduced carbon intensity (as measured by the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the environmental problems of fossil-based carbon fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology that enables the use of a variety of low-carbon sustainable feedstocks to produce price-competitive, low carbon products, such as jet fuel, gasoline components like isooctane and isobutanol and diesel fuel, yields the potential to generate project and corporate returns that justify the build-out of a multi-billion dollar business. Learn more at our website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to Gevo’s supply of sustainable aviation fuel to Avfuel and their customer and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2019 and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Investor & Media Contact
IR@gevo.com
+1 720-647-9605

SOURCE: Gevo

 

 

Environmental and Social Responsibility Key Priorities for Energy Fuels; Sustainability Report Now Available on Company Website

 

LAKEWOOD, Colo., Dec. 21, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce it has published its Sustainability Report, along with its Climate Change Policy, Human Rights Policy and Vendor Code of Conduct, which together with its other policies describe the Company’s ongoing commitment to the environment, worker health, public safety and social responsibility, including its important role in combating global climate change through producing and recycling carbon-free energy resources. Each of these documents is publicly available on the Company’s website at the following links:

Sustainability Report

Climate Change Policy, Human Rights Policy, Vendor Code of Conduct and other Policies

Through the Sustainability Report, the Company shares the key efforts, initiatives and factors that guide the Company in all aspects of its business. These documents highlight the Company’s unwavering commitment to sustainability and social responsibility. The Sustainability Report highlights:

• The Company’s commitment to health, safety and environmental responsibility;
• How the Company addresses global climate change and reduces air pollution through the production of uranium, the largest source of carbon-free energy in the world;
• Additional contributions the Company makes to clean energy through its vanadium production and upcoming rare earth production;
• How the Company preserves global resources, reduces carbon emissions and helps address global climate change through its industry-leading recycling programs;
• The Company’s contributions to the communities in which it operates;
• An overview of the Company’s comprehensive regulatory framework, which ensures the protection of public health, safety and the environment at the highest global standards;
• The world-class reclamation standards that apply to the Company’s assets;
• The Company’s pledge to help address the Cold War legacy of uranium mining; and
• The Company’s commitment to human rights and corporate and social responsibility.

Mark S. Chalmers, President and CEO of Energy Fuels stated: “Energy Fuels might be the best untold clean energy and sustainability story in the U.S. today. We believe our recently published Sustainability Report tells this story, along with our commitments to human rights and corporate and social responsibility. We are proud of the growing roles we play in helping address global climate change, reducing air pollution, making clean energy technologies possible, and working to make the world a healthier and cleaner place.”

Energy Fuels is a uranium and vanadium mining, and rare earth element (“REE”) processing, company operating in the western United States dedicated to sustainability through corporate, environmental and social responsibility. The Company is also a global model for responsible mining and recycling. The materials that Energy Fuels responsibly produces and recycles are helping to address some of the most daunting health and environmental issues facing the world today: air pollution and climate change.

Uranium, Vanadium & Rare Earth Elements

Uranium is the fuel for carbon-free, emission-free baseload nuclear power – one of the cleanest forms of energy in the world. Vanadium, which today is mainly used in the steel, aerospace, and chemical industries, is also expected to increase its contribution to environmental sustainability, as next-generation, grid-scale batteries utilizing vanadium are now being commercialized to store energy generated from renewable sources. REEs, which are a group of 17 chemical elements, are the building-blocks for a wide array of clean energy and advanced technologies, including wind turbines, electric vehicles, cell phones, computers, flat panel displays, advanced optics, catalysts, medicine, and national defense applications.

Uranium & Vanadium Recycling

Energy Fuels is also committed to environmental responsibility through its industry-leading recycling programs. The Company recycles uranium-bearing material for the extraction of uranium at its White Mesa Mill in Utah that would otherwise be lost to direct disposal. This includes material from other metal mining and processing, the uranium conversion process, and other sources. The Company has also recently recycled high-purity vanadium from its tailings facilities. The Company believes it is important to recycle and reuse as much material as possible in order to reduce the need for more mining of the world’s finite resources.

Over its history, the Mill has recycled over six (6) million pounds of uranium and over 1.8 million pounds of high-purity vanadium product, all of which would otherwise have been lost to direct disposal. That amount of recycled uranium, after being converted to nuclear fuel, would:

• Eliminate over 85 million tons of CO2 emissions compared to coal, or the same amount of annual emissions as 18 million passenger vehicles or about one and a half times the annual CO2 emissions from the entire country of Sweden;
• Produce as much electricity as approximately 50 million tons of coal, or enough to fill a coal train that extends from Los Angeles to New York City and almost all of the way back; and
• Produce as much electricity as about 24,500 wind turbines annually, representing almost half of the 60,000 wind turbines in the U.S. in 2019.

The 1.8 million pounds of vanadium Energy Fuels has recycled would produce enough vanadium for the steel girders needed to build four and a half Golden Gate Bridges.

All of this from just one company. We are not aware of any other mining company that can cite these types of recycling accomplishments and their direct impacts on combating global climate change.

Addressing the Cold War Legacy of Uranium Mining

In addition, the Company seeks out opportunities to help address the adverse environmental and health impacts caused by historic Cold War era uranium mining practices. The Mill is currently recycling clean-up material from a closed uranium mine in northwest New Mexico and recovering the contained uranium which will be used for the generation of clean, carbon-free nuclear energy. The Company is also seeking to assist in the clean-up of abandoned, government-sponsored Cold War era uranium mines across the Navajo Nation and Four Corners area of the United States, which continue to cause environmental issues today. We are proud of our ability to play a part in cleaning up these legacy Cold War era sites in the U.S. and returning the environment to the strict standards required today.

Excellent Record of Environmental & Regulatory Compliance

The Company performs all of these beneficial activities in accordance with and, when possible, to a stricter standard than, all applicable laws and regulations. The U.S. leads the world in rigorous laws, regulations and other requirements that mandate responsible exploration, construction, extraction, recovery, processing, exports, labor standards, occupational health and safety, transportation, waste disposal, protection and remediation of the environment, protection of species, toxic and hazardous substances, and other key environmental and health matters. Energy Fuels’ record in these areas is exceptional.

Social Responsibility

Energy Fuels also contributes meaningfully to the communities in which it operates, helping to provide many social and economic benefits in rural and underserved areas of the United States, including jobs to local workforces, contributions to local taxes that fund schools, hospitals and roads, and economic development for those communities. Approximately half of the Company’s employees at its White Mesa Mill are Native American.

Mr. Chalmers continued: “For decades, we have integrated environmental and social pillars into every facet of our business. I have worked all over the world, and I can affirmatively say that the U.S. produces the raw materials needed for a modern, clean society more responsibly than anywhere else I’ve seen. I am proud of the work we are doing at Energy Fuels to bring about a new era of responsible, socially-focused critical mineral mining, milling and recycling in the U.S.

“It is also my hope that our burgeoning rare earth business will provide significant opportunities for the Four Corners area of the United States. If we are successful in producing a mixed rare earth concentrate and uranium from natural monazite ore, we hope to grow this business to the point that we are able to help create a fully-integrated U.S. REE supply chain. With investment and jobs flowing into this region, which is one of the poorest in the U.S., there will be multiple opportunities to address numerous pressing needs. We hope to be a part of the solution to these needs.

“Finally, it is past time for the U.S. government to address the Cold War legacy of abandoned uranium mines on the Navajo Nation. Energy Fuels is aggressively urging the U.S. government to live up to its obligations to the Navajo People and start cleanups now. There is ample money available, and our White Mesa Mill can receive and recycle clean-up material versus having it buried onsite on tribal lands, an option that may not be available for many years, if ever. This would also be a wonderful job and economic development opportunity for the Navajo. I have lived and worked with the Navajo and other Indigenous Peoples around the world throughout my career, and I have great respect for their unique and varied traditions, cultural identities and use of the land and natural resources to sustain and nurture both life and spirit. It would be a great personal and professional triumph to help reverse the Cold War legacy of uranium mining on the Navajo Nation.”

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and anticipates commencing commercial production of rare earth element (“REE”) carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, and is completing final test-work for the production of REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

Cautionary Note Regarding Forward-Looking Statements: This news release contains certain “Forward Looking Information” and “Forward Looking Statements” within the meaning of applicable securities legislation, which may include, but is not limited to, statements with respect to: the Company being a leading producer of uranium in the U.S.; any expectation that the Company is able to produce REE carbonate from uranium-bearing ores or that the Company will commence commercial production of REE carbonate in 2021 or at all; any expectation that the Company’s REE project may, in time, result in among the lowest cost REE production in the western world; any expectation that the Company will be successful in acquiring additional supplies of monazite, or will be successful in processing other types of REE- and uranium bearing ores at the White Mesa Mill; any expectation that the Company will be successful in achieving its goal of processing 15,000+ tons of monazite and other sources of ore per year; any expectation that the Company will be able to sell some or all of its REE carbonate to buyers in Europe and/or Asia until a REE separation facility is established in the United States; any expectation that the Company may potentially perform separation, and other downstream REE activities including metal-making and alloying, in the future at the White Mesa Mill or elsewhere in the United States; any expectation that the Company will be successful in helping the EPA and Navajo Nation address historic abandoned uranium mines; any expectation that the Company will significantly increase the number of green jobs it is providing at the White Mesa Mill; and any other statements regarding Energy Fuels’ future expectations, beliefs, goals or prospects; constitute forward-looking information within the meaning of applicable securities legislation (collectively, “forward-looking statements”). All statements in this news release that are not statements of historical fact (including statements containing the words “expects,” “does not expect,” “plans,” “anticipates,” “does not anticipate,” “believes,” “intends,” “estimates,” “projects,” “potential,” “scheduled,” “forecast,” “budget” and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Energy Fuels’ ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation factors relating to: the Company being a leading producer of uranium in the U.S.; any expectation that the Company is able to produce REE carbonate from uranium-bearing ores or that the Company will commence commercial production of REE carbonate in 2021 or at all; any expectation that the Company’s REE project may, in time, result in among the lowest cost REE production in the western world; any expectation that the Company will be successful in acquiring additional supplies of monazite, or will be successful in processing other types of REE- and uranium bearing ores at the White Mesa Mill; any expectation that the Company will be successful in achieving its goal of processing 15,000+ tons of monazite and other sources of ore per year; any expectation that the Company will be able to sell some or all of its REE carbonate to buyers in Europe and/or Asia until a REE separation facility is established in the United States; any expectation that the Company may potentially perform separation, and other downstream REE activities including metal-making and alloying, in the future at the White Mesa Mill or elsewhere in the United States; any expectation that the Company will be successful in helping the EPA and Navajo Nation address historic abandoned uranium mines; any expectation that the Company will significantly increase the number of green jobs it is providing at the White Mesa Mill; and the other risk factors as described in Energy Fuels’ most recent annual report on Form 10-K and quarterly financial reports. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Energy Fuels’ filings with the various securities commissions, which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of Energy Fuels relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, that speak only as of the date hereof.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc.: Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com; www.energyfuels.com

 

 

Energy Fuels Set to Enter Commercial Rare Earth Business in Q1-2021, Producing Materials That Make Many Clean Energy and Advanced Technologies Possible; Webcast on Dec. 15

 

New Monazite Supply Agreement with The Chemours Company
Supports Energy Fuels’ Efforts to Help Reestablish Key U.S. Supply Chain

 

LAKEWOOD, Colo., Dec. 14, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has entered into a three-year supply agreement with The Chemours Company (NYSE: CC) (“Chemours”) to acquire a minimum of 2,500 tons per year of natural monazite sands, one of the highest-grade rare earth element (“REE”) minerals in the world. Energy Fuels expects to process this monazite at its 100%-owned White Mesa Mill starting in Q1-2021, recover the contained uranium, and produce a marketable mixed REE carbonate, representing an extremely important step toward re-establishing a fully-integrated U.S. REE supply chain.

Upon a successful ramp-up of this program, Energy Fuels will be the first U.S. company in several years to produce a marketable mixed REE concentrate ready for separation on a commercial scale. We estimate that the amount of REEs contained in the monazite sands to be supplied by Chemours will equal close to 10% of total current U.S. REE demand, as contained in end-use products.

REEs are the building-blocks of a wide array of clean energy and advanced technologies, including wind turbines, electric vehicles, cell phones, computers, flat panel displays, advanced optics, catalysts, medicine, and national defense applications. Monazite also contains significant recoverable quantities of uranium, which fuels the production of carbon-free electricity using nuclear technology.

“With our announcement today, southeast Utah is fast becoming America’s clean energy and critical minerals hub,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “Our goal is to domestically produce the raw materials needed for clean energy and advanced technologies, while creating green jobs in an economically challenged part of the country. Currently, the U.S. imports nearly all of our rare earth, uranium and vanadium requirements, despite having ample supplies here in the U.S. Importantly, in the United States we are highly regulated and operate to the highest standards, which means we produce these minerals more responsibly than many of the countries from which we currently import. Our agreement with Chemours may be the beginning of a real success story, not only for Energy Fuels, but also for local communities, Native Americans, conservation groups, the State of Utah, and the U.S. as a whole.”

“Our partnership with Energy Fuels to help support the rare earth supply chain in the U.S. came from a deliberate process of customer engagement and developing sustainable solutions for our critical minerals. This is consistent with Chemours’ goals of supporting advanced technologies and clean energy, and we will continue efforts to grow and diversify the domestic supply chain,” stated Bryan Snell, President of Titanium Technologies at Chemours.

Typical monazite sand ores from the southeast U.S. average about 55% total rare earth oxides (“TREO”) and 0.20% uranium, which is the typical grade of uranium found in uranium mines that have historically fed the White Mesa Mill. Of the 55% TREO typically found in the monazite sands, the neodymium and praseodymium oxides (“NdPr”) comprise approximately 22% of the TREO. Nd and Pr are among the most valuable of the REEs, as they are the key ingredient in the manufacture of high-strength permanent magnets which are essential to the lightweight and powerful motors required in electric vehicles (“EVs”) and permanent magnet wind turbines used for renewable energy generation, as well as to an array of other modern technologies, including, mobile devices and defense applications.

The monazite sands will be from Chemours’ Offerman Mineral Sand Plant in Georgia. Shipments of monazite sands from Georgia to the White Mesa Mill in Utah are expected to commence in the first quarter of 2021. The Company expects to recover uranium from the monazite and produce a commercially salable mixed REE carbonate containing ~71% TREO (dry basis). This REE product will be ready for REE separation, which is the next step in producing usable REE products.

The Company is also in discussions with other entities to acquire additional supplies of monazite and is working with the U.S. Department of Energy (“DOE”) to evaluate the potential to process other types of REE and uranium bearing ores at the White Mesa Mill produced from coal-based resources. The Company has a goal to process 15,000+ tons of monazite and other sources of ore per year for the recovery of REEs and uranium.

The Company also believes this project may, in time, result in among the lowest-cost REE production in the western world, since the Company is obtaining monazite from existing mining facilities in Georgia (and potentially elsewhere) and utilizing its existing White Mesa Mill processing facility in Utah. Utilizing existing facilities avoids the significant time and cost required to license and develop new facilities. In addition, since monazite sands are currently being separated from other mineral sands in Georgia and elsewhere, the Company will only incur the cost to acquire the monazite, thereby avoiding mining costs and associated risks.

The Company expects to sell some or all of its mixed REE carbonate to buyers in Europe and/or Asia until a REE separation facility is established in the United States. The Company is also evaluating the potential to perform REE separation, and potentially other downstream REE activities, including metal-making and alloying, in the future at the White Mesa Mill or elsewhere in the United States.

Further, Energy Fuels’ mixed REE carbonate production from monazite sand ores is expected to utilize only a very small amount of the White Mesa Mill’s ore production capacity and very little waste. The Company expects to acquire a minimum 2,500 tons of monazite sands in 2021 from Chemours alone and is looking to increase production in the future to up to approximately 15,000 tons of monazite sands per year. For comparison, the White Mesa Mill is licensed and designed to process 2,000 tons of ore per day on average, or 720,000 tons of ore per year. Therefore, 2,500 tons of monazite per year represents less than 0.4% of the Mill’s ore throughput capacity, and 15,000 tons would represent only about 2% of its throughput capacity. If the Company is successful in securing 15,000 tons of ore similar to the Chemours monazite, the Company believes it would produce approximately 50% of U.S. REE demand in a mixed REE carbonate. Furthermore, since monazite is typically comprised of approximately 55% recoverable uranium and REEs, the total volume of resulting waste is significantly lower than for most other mill feeds. The Company currently has 1.5 million tons of existing capacity in its fully-constructed, state-of-the-art, 1,000-year design tailings impoundments. Therefore, the annual waste streams from monazite ore processing will represent less than 1% of existing tailings capacity. Even at higher levels of monazite processing, very little waste will be generated.

Mr. Chalmers continued: “We are extremely excited about working with Chemours to help reestablish U.S. rare earth production. Chemours is a leader in the U.S. heavy mineral sands industry, and, together we are now taking an important first step in returning the REE supply chain back to the United States. We look forward to working with Chemours in the future to expand our mutual contributions to this important initiative.

“This is a proud moment for Energy Fuels, as we deploy our unique capabilities to benefit both the environment and our shareholders. Energy Fuels already produces uranium, which is the fuel for clean, carbon-free nuclear energy. And we periodically produce vanadium, which is used in the production of steel, aerospace alloys, and advanced grid-scale batteries used to store renewable energy. The responsible production of rare earths and uranium from natural monazite sand ores is an important clean-technology addition to those programs. We are also seeking to help the U.S. Environmental Protection Agency and Navajo Nation address historic, government-sponsored uranium mines, a project to which I am personally deeply committed.”

Webcast on Tuesday, December 15, 2020 at 11:00 am ET (9:00 am MT)

Energy Fuels will be hosting a video webcast on Tuesday, December 15, 2020 at 11:00 am ET (9:00 am MT) to discuss the Company’s entry into the commercial rare earth space. To join the webcast, please click on the link below to access the presentation and the viewer-controlled webcast slides:

Energy Fuels Set to Enter Commercial Rare Earth Production in Q1-2021

If you would like to participate in the webcast and ask questions, please dial (888) 664-6392 (toll free in the U.S. and Canada).

A link to a recorded version of the proceedings will be available on the Company’s website shortly after the webcast by calling (888) 390-0541 (toll free in the U.S. and Canada) and entering the code 875131#. The recording will be available until December 29, 2020.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and anticipates commencing commercial production of rare earth element (“REE”) carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, and is completing final test-work for the production of REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

Cautionary Note Regarding Forward-Looking Statements:

This news release contains certain “Forward Looking Information” and “Forward Looking Statements” within the meaning of applicable securities legislation, which may include, but is not limited to, statements with respect to: the Company being a leading producer of uranium in the U.S.; any expectation that the Company is able to produce REE carbonate from uranium-bearing ores or that the Company will commence commercial production of REE carbonate in 2021 or at all; any expectation that the Company’s REE project may, in time, result in among the lowest cost REE production in the western world; any expectation that the Company will be successful in acquiring additional supplies of monazite, or will be successful in processing other types of REE- and uranium bearing ores at the White Mesa Mill; any expectation that the Company will be successful in achieving its goal of processing 15,000+ tons of monazite and other sources of ore per year; any expectation that the Company will be able to sell some or all of its REE carbonate to buyers in Europe and/or Asia until a REE separation facility is established in the United States; any expectation that the Company may potentially perform separation, and other downstream REE activities including metal-making and alloying, in the future at the White Mesa Mill or elsewhere in the United States; any expectation that the Company will be successful in helping the EPA and Navajo Nation address historic abandoned uranium mines; any expectation that the Company will significantly increase the number of green jobs it is providing at the White Mesa Mill; and any other statements regarding Energy Fuels’ future expectations, beliefs, goals or prospects; constitute forward-looking information within the meaning of applicable securities legislation (collectively, “forward-looking statements”). All statements in this news release that are not statements of historical fact (including statements containing the words “expects,” “does not expect,” “plans,” “anticipates,” “does not anticipate,” “believes,” “intends,” “estimates,” “projects,” “potential,” “scheduled,” “forecast,” “budget” and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Energy Fuels’ ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation factors relating to: the Company being a leading producer of uranium in the U.S.; any expectation that the Company is able to produce REE carbonate from uranium-bearing ores or that the Company will commence commercial production of REE carbonate in 2021 or at all; any expectation that the Company’s REE project may, in time, result in among the lowest cost REE production in the western world; any expectation that the Company will be successful in acquiring additional supplies of monazite, or will be successful in processing other types of REE- and uranium bearing ores at the White Mesa Mill; any expectation that the Company will be successful in achieving its goal of processing 15,000+ tons of monazite and other sources of ore per year; any expectation that the Company will be able to sell some or all of its REE carbonate to buyers in Europe and/or Asia until a REE separation facility is established in the United States; any expectation that the Company may potentially perform separation, and other downstream REE activities including metal-making and alloying, in the future at the White Mesa Mill or elsewhere in the United States; any expectation that the Company will be successful in helping the EPA and Navajo Nation address historic abandoned uranium mines; any expectation that the Company will significantly increase the number of green jobs it is providing at the White Mesa Mill; and the other risk factors as described in Energy Fuels’ most recent annual report on Form 10-K and quarterly financial reports. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Energy Fuels’ filings with the various securities commissions, which are available online at www.sec.gov and www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of Energy Fuels relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, that speak only as of the date hereof.

SOURCE Energy Fuels Inc.

Dr. Patrick Gruber to Participate in Water Tower Research Fireside Chat Series on Tuesday, December 15, 2020, at 3:00 pm EST

 

ENGLEWOOD, Colorado – December 10, 2020 – Gevo, Inc. (NASDAQ: GEVO), announced today that Dr. Patrick Gruber, Chief Executive Officer, will participate in Water Tower Research Fireside Chat Series to discuss Storing Renewable Energy Through the Creation of Liquid Hydrocarbons on Tuesday, December 15, 2020 at 3:00 pm EST.

Investors and other persons interested in participating in the event must register using the link below. Please note that registration for the live event is limited but may be accessed at any time for replay after the presentation ends on December 15, 2020, utilizing the same registration link.

Registration Link:

https://globalmeet.webcasts.com/starthere.jsp?ei=1412691&tp_key=5b7e03f74e

 

About Gevo

Gevo is commercializing the next generation of jet fuel, gasoline and diesel fuel with the potential to achieve zero carbon emissions and address the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes. As a result, Gevo is able to produce low-carbon fuels with substantially reduced carbon intensity (as measured by the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the environmental problems of fossil-based carbon fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology that enables the use of a variety of low-carbon sustainable feedstocks to produce price-competitive, low carbon products, such as jet fuel, gasoline components like isooctane and isobutanol and diesel fuel, yields the potential to generate project and corporate returns that justify the build-out of a multi-billion dollar business. Learn more at our website: www.gevo.com

Investor & Media Contact
IR@gevo.com
+1 720-647-9605

SOURCE: Gevo