Energy Fuels Appoints Mark Chalmers as Chief Operating Officer
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Energy Fuels Inc. has appointed Mark Chalmers as chief operating officer. Chalmers will join the Energy Fuels management team in July 2016 and oversee all of the company’s conventional and in situ (ISR) uranium production operations.
Mark Chalmers brings an extensive background in both the U.S. and global uranium mining and processing industries to Energy Fuels. From 2011 to 2015, Chalmers served as executive general manager of production for Paladin Energy Ltd., a uranium producer with assets in Australia and Africa, including the Langer Heinrich and Kayelekera mines, where he oversaw sustained, significant increases in production while reducing operating costs. He also possesses extensive experience in ISR uranium production, including management of the Beverley Uranium Mine owned by General Atomics (Australia), and the Highland mine owned by Cameco Corporation (USA). Chalmers has also consulted to several of the largest players in the uranium supply sector, including BHP Billiton, Rio Tinto, and Marubeni, and currently serves as the chair of the Australian Uranium Council, a position he has held since 2007.
Chalmers represents a valuable addition to the company’s management team and an important element in the company’s overall management continuity and succession planning strategy.
“As a recognized leader in the global uranium industry, Mark has played major roles in developing and operating several successful mining operations throughout his career. He is a recognized spokesperson for the uranium and nuclear energy industries, who has created shareholder value in both the conventional and ISR uranium mining sectors, and he is one of the few individuals who has extensive experience in both extraction methods. In today’s competitive uranium market, it is vitally important to lower costs of production, create synergies, and build new sources of revenue wherever possible,” said Stephen P. Antony, president and CEO of Energy Fuels.
“We are very fortunate to add him to our already outstanding management team,” added Antony.
“After a thorough review of prospective candidates for the operations leadership role with Energy Fuels, we believe the company’s selection of Mark Chalmers confirms our commitment to managing our operations at optimum levels. At Energy Fuels, we are continuing to manage and grow our capital, including our financial, intellectual, and human assets. We expect Mark to add greatly to the executive strength we have put together to lead Energy Fuels into the future,” said Birks Bovaird, chairman of the board for Energy Fuels.
In 2016, Energy Fuels expects to produce approximately 950,000 pounds of uranium from its two 100 percent-owned production facilities, the White Mesa conventional uranium mill in Utah and the Nichols Ranch ISR project in Wyoming. The company is also continuing shaft-sinking and resource evaluation activities at its high-grade Canyon conventional mine in Arizona and permitting activities at its large-scale conventional Sheep Mountain, Roca Honda, and Bullfrog projects. Finally in early May 2016, the company expects to complete its acquisition of Mesteña Uranium and its Alta Mesa ISR project in South Texas. This acquisition is expected to increase the company’s production scalability at the lower end of its cost curve.
About Energy Fuels
Energy Fuels is a leading integrated US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels operates two of America’s key uranium production centers, the White Mesa Mill in Utah and the Nichols Ranch Processing Facility in Wyoming. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today and has a licensed capacity of more than 8 million pounds of U3O8 per year. The Nichols Ranch Processing Facility, acquired in the company’s acquisition of Uranerz Energy Corporation, is an in situ recovery (ISR) production center with a licensed capacity of 2 million pounds of U3O8 per year. Energy Fuels also has the largest NI 43-101 compliant uranium resource portfolio in the U.S. among producers, and uranium mining projects located in a number of Western U.S. states, including one producing ISR project, mines on standby, and mineral properties in various stages of permitting and development.
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