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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Energy Fuels Inc    EFR   CA2926717083

ENERGY FUELS INC (EFR)
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Energy Fuels : Responds to Erroneous New York Times Column

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01/13/2018 | 11:49pm CET

Good Afternoon:

Well, it happened again. This morning, the New York Times published what can only be described as a 'hit piece' on Energy Fuels and the U.S. uranium mining industry. The article was full of innuendo, half-truths, obfuscation, and conspiracies, including a major distortion of our position on Bears Ears National Monument, which can be read in our 12/23/2017 press release here: Energy Fuels Supports Bears Ears National Monument.

Unfortunately, today we live in a highly-politicized and inflammatory media environment. We tried conveying the facts to the reporter on the many issues she unsuccessfully tries to cover in her article, including extensive 'on-the-record' written statements and answers to her questions. Regrettably, little of our outreach made it into the article, because the facts apparently didn't fit with her preconceived narrative. Nevertheless, we plan to reach out to the New York Times, and we hope they are willing to sit down and listen to the truth.

Uranium is not a partisan Left/Right issue. Energy Fuels has received enormous support in recent years from agencies in both the Obama and Trump Administrations, along with agencies in the states in which we operate. The U.S. generates nearly two-thirds of our non-emitting, zero-carbon electricity from nuclear energy, which is critical to combatting air pollution and climate change. This energy is fueled by uranium.

We invite the New York Times to sit down and talk to us. And, after a productive discussion, we hope they will better understand our industry and issue extensive corrections (or an outright retraction) of this misleading story.

Thank you.

Sincerely,

Mark Chalmers

President and Chief Operating Officer of Energy Fuels

Energy Fuels Inc. published this content on 13 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2018 22:49:02 UTC.

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Sales 2017 35,1 M
EBIT 2017 -14,7 M
Net income 2017 -16,2 M
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P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 3,37x
Capi. / Sales 2018 6,22x
Capitalization 118 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 2,65 $
Spread / Average Target 61%
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Managers
NameTitle
Stephen P. Antony Chief Executive Officer & Director
Mark Stephen Chalmers President
James Birks Bovaird Chairman
Daniel G. Zang Chief Financial Officer
Bruce D. Hansen Independent Director
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