Energy Fuels Inc. Strengthens Leadership with New Board Chair Amidst Expansion in Critical Minerals Sector

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a key player in the U.S. uranium and rare earth elements market, has successfully concluded its annual and special meeting of shareholders, electing all eleven director nominees and appointing Bruce D. Hansen as the new Chair of the Board. This leadership change signifies a new chapter for the company as it continues to expand its footprint in the critical minerals sector, essential for clean energy and advanced technologies.

The transition from J. Birks Bovaird, who served as Chair since 2006, to Bruce D. Hansen, a director since 2007 with over four decades of mining experience, reflects the company's commitment to strong leadership amidst growing demand for uranium and rare earth elements. CEO Mark S. Chalmers highlighted the contributions of both leaders, emphasizing Bovaird's role in the company's transformation and expressing confidence in Hansen's ability to guide Energy Fuels through its next phase of growth.

Energy Fuels Inc. stands at the forefront of the U.S. critical minerals industry, producing uranium concentrate for carbon-free nuclear energy and advancing in the production of rare earth elements, vanadium, and medical isotopes. The company's operations, including the White Mesa Mill in Utah, the only fully licensed conventional uranium processing facility in the U.S., and its international heavy mineral sands projects, underscore its strategic importance in the global supply chain for critical minerals.

The appointment of Hansen as Board Chair comes at a crucial time as the company prepares to pilot the recovery of medical isotopes for cancer treatments and expands its heavy mineral sands projects worldwide. This leadership transition is not just a milestone for Energy Fuels but also a significant development for the industry, highlighting the growing importance of sustainable and secure supply chains for critical minerals in the transition to a cleaner energy future.