Name of the Project
Sheep Mountain uranium project.

Location
The project is located in the Crooks Gap mining district of central Wyoming, US.

Client
Energy Fuels.

Project Description
The Sheep Mountain project is a large-scale, formerly producing, conventional uranium mine with the potential to become a long-term uranium production centre in a higher price environment.

According to a 2012 preliminary feasibility study (PFS) on the project, the Sheep Mountain project contains about 12.9-million tons of indicated mineral resources, with an average grade of 0.117% of uranium equivalent (eU3O8) containing an estimated 30.29-million pounds of uranium.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
While at an advanced stage of permitting, the project is not planned to go into production in the near term, as a result of the current pricing environment.

Latest Developments
The US Bureau of Land Management has issued a final environmental-impact statement (EIS) and record of decision (RoD) for Energy Fuels’ Sheep Mountain project. The issuance of the EIS and the RoD, as well as the mine permit in July 2015, is the last major government approval required to start mining at this project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Energy Fuels, tel +1 303 974 2140, fax +1 303 974 2141 or email info@energyfuels.com.