Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) announce the appointment of Mark Chalmers as Chief Operating Officer. Mr. 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.
As quoted in the press release:
Mr. Chalmers brings an extensive background in both the U.S. and global uranium mining and processing industries to Energy Fuels. From 2011 to 2015, Mr. 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). Mr. 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.
Mr. 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.
Energy Fuels President and CEO, Stephen P. Antony, stated:
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. We are very fortunate to add him to our already outstanding management team.
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