Energy Fuels Announces Election of New Directors and Leadership Change

Energy Fuels Inc. announced the election of 11 nominees proposed by management as directors, with 10 nominees receiving over 90% of the votes. Mark Chalmers was elected with 94.11% of the votes, while Benjamin Eshleman III received 88.14% of the votes. Bruce Hansen was elected as the new Chair of the Board of Directors, succeeding J. Birks Bovaird, who has served since 2006.

DENVER, June 13, 2025 — Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (REE), and other critical minerals, announced the election of 11 directors at its annual and special meeting of shareholders held virtually on June 11, 2025. The results reflect strong shareholder support for the nominees proposed by management.

Of the 11 nominees, 10 received over 90% of the votes. Mark S. Chalmers, the company's President and CEO, was elected with 94.11% of the votes, while Benjamin Eshleman III received 88.14% of the votes. The new Chair of the Board of Directors is Bruce D. Hansen, who succeeds J. Birks Bovaird, who has served in this role since 2006. Mr. Bovaird will continue to serve as a director.

Bruce Hansen, a retired mining executive with over 40 years of industry experience, has served as a director of Energy Fuels since 2007. His election as Chair reinforces the Board's confidence in his vision and leadership. Mark Chalmers thanked both Mr. Bovaird and Mr. Hansen for their service and leadership.

Energy Fuels is a leading U.S.-based critical minerals company focused on uranium, REEs, heavy mineral sands (HMS), vanadium, and medical isotopes. The company has been the leading U.S. producer of natural uranium concentrate for several years, selling it to nuclear utilities for further processing into carbon-free nuclear energy. The company also operates the White Mesa Mill in Utah, the only fully licensed and operating conventional uranium processing facility in the United States.

The company's stock, traded under the symbol UUUU on the NYSE American and EFR on the Toronto Stock Exchange, has seen its quarterly earnings decrease in recent years, with the latest earnings report indicating a decrease in diluted EPS. However, the company remains committed to its strategic goals and continues to explore new opportunities in the critical minerals sector.

References:
[1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1010-tsx/efr/181885-energy-fuels-announces-election-of-directors-5.html
[2] https://money.usnews.com/investing/stocks/uuuu-energy-fuels-inc
[3] https://www.facebook.com/groups/ashtonulyne/posts/were-pay-this-idiot-94k-a-year-to-rummage-around-none-of-the-business-in-denton/10162610214274854/
[4] https://www.prnewswire.com/news-releases/energy-fuels-announces-election-of-directors-302480655.html