ENERGY FUELS INC. (TSE:EFR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In accordance with Energy Fuels Inc.’s (the “Registrant’s”) long-term succession planning, on January 23, 2018 the Board of Directors (the “Board”) of the Registrant appointed Mark S. Chalmers, the Registrant’s current President and Chief Operating Officer, as President and Chief Executive Officer (“CEO”) and a Director of the Registrant, such appointments to be effective February 1, 2018. On January 31, 2018, Stephen P. Antony, the Registrant’s current CEO, will retire as both CEO and as a Director of the Registrant.
Mr. Chalmers, the Registrant’s current President and COO, brings decades of global uranium mining experience to the Registrant. Prior to joining the Registrant in July of 2016, Mr. Chalmers served as Executive General Manager of Production for Paladin Energy Ltd. where he oversaw operations of the Langer Heinrich and Kayelekera Mines in Africa. He also possesses extensive experience in in situ recovery (“ISR”) uranium production, including management of the Beverley Mine in Australia and the Highland Mine in the United States. Mr. Chalmers has consulted to several of the largest players in the uranium supply sector, including BHP Billiton, Rio Tinto, and Marubeni. Since joining the Registrant, Mr. Chalmers has overseen the Registrant’s conventional and ISR operations, focusing on production optimization, resource growth, and obtaining new sources of revenue for the Registrant, including alternate feed materials and land clean-up work. Mr. Chalmers was appointed as President of the Registrant on March 23, 2017, which became effective on July 1, 2017.
There are no family relationships among Mr. Chalmers and the members of the Board or the other members of senior management of the Registrant.
About ENERGY FUELS INC. (TSE:EFR)
Energy Fuels Inc. (Energy Fuels) is engaged in conventional and in situ (ISR) uranium extraction and recovery, along with the exploration, permitting and evaluation of uranium properties in the United States. The Company operates through two segments: ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming. It conducts its conventional uranium extraction and recovery activities through its White Mesa Mill. It owns the Nichols Ranch Uranium Recovery Facility in Wyoming (the Nichols Ranch Project), which is a uranium recovery facility operating in the United States. In addition, the Company owns the White Mesa Mill in Utah, which is a conventional uranium recovery facility operating in the United States. It also owns uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation, as well as fully-permitted uranium and uranium/vanadium projects on standby.