Energy Fuels Inc. · TSX:EFR
Energy Fuels — Investor Presentation (January 2007)
19 slides from Energy Fuels's investor presentation, January 2007
Slide 1: Rebirth of a Uranium Producer
Energy Fuels Inc. TSXV: EFR Rebirth of a Uranium Producer George E.L. Glasier, President & CEO Stephen P. Antony, COO January 2007 Further information concerning the company is set forth in the company's continuous disclosure documents and press releases available at www.SEDAR.com or on the Company’
Slide 2: Forward Looking Statements
Forward Looking Statements Certain of the information contained in this presentation constitutes "forward- looking information" (as defined in the Securities Act (Ontario)) and "forward- looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that are based on expect
Slide 3: Mission Statement
Mission Statement Energy Fuels Inc. (“EFR”) intends to leverage its property portfolio and experienced management team to attain its past position as a major US based uranium producer. 3
Slide 4: Geographic Focus
Geographic Focus Energy Fuels is focused on Colorado, Utah and Northern Arizona 4
Slide 5: Corporate Overview
Corporate Overview Shares Outstanding 44.3 million (Basic) Warrants 10.5 million with average exercise price of C$ 1.95 Listing TSX-V: EFR Working Capital C$28 million (As of Jan. 7, 2007) Debt Outstanding Nil Offices Toronto, Canada; Denver, Colorado Energy Fuels is well capitalized for growth 5
Slide 6: Background: Energy Fuels Nuclear Inc.
Background: Energy Fuels Nuclear Inc. (EFR’s predecessor company from late 1970’s – early 1990’s) ¾ A private US company which was the largest uranium producer in the US in the 1980’s, producing over 5 million lbs annually at its peak ¾ Constructed the White Mesa Mill (Blanding, Utah) in 1980’s now
Slide 7: Board of Directors
Board of Directors J. Birks Bovaird Financial advisory consulting to financial services industry since early 1970’s (Chairman) Bruce Hansen, BSc, MBA Former CFO Newmont Mining, various senior management roles in mining industry Doug McIntosh, BSc, MBA Previous resource sector investment banking – VP
Slide 8: Management Team
Management Team George E. L. Glasier, JD University of Denver graduate with JD/BSBA, former Principal, Sr. VP Marketing and Corporate Counsel to President & CEO Energy Fuels Nuclear Inc. Stephen P. Antony, P.Eng, MBA Registered professional engineer, graduate of Colorado School of Mines, University
Slide 9: Technical Team
Technical Team Stephen P. Antony, P. Eng Registered professional engineer, over 30 years experience in conventional and ISL mining and Executive VP & COO processing with Mobil, Power Resources and Energy Fuels Nuclear Inc. Donn Pillmore, P.Geo Registered professional geologist, over 30 years experie
Slide 10: Property Development Strategy
Property Development Strategy ¾ Energy Fuels has compiled a portfolio of properties that: Are immediately economic Are located in our areas of expertise Are within economic haulage distance of mills Have a record of historical production Have historically measured pounds Have extensive d
Slide 11: Property Portfolio – Whirlwind Mine
Property Portfolio – Whirlwind Mine ¾ Existing mine portal and previously developed workings located near Gateway, CO. ¾ Former Union Carbide asset, operations suspended in 1980 before producing any uranium ¾ Mine rehabilitation underway with total capex of less than US$1 million ¾ Exploration permi
Slide 12: Property Portfolio – Energy Queen
Property Portfolio – Energy Queen ¾ Existing mine with 750 foot access shaft and previously developed workings located near La Sal, Utah. ¾ Former Union Carbide asset (previously known as Hecla Shaft), operations suspended in 1983 before producing any significant uranium. ¾ All mine infrastructure r
Slide 13: Property Portfolio – Tenderfoot Mesa
Property Portfolio – Tenderfoot Mesa ¾ Existing mine infrastructure and previously developed workings located near Gateway, CO. ¾ Former Energy Reserves Group (utility subsidiary) asset, operations suspended in 1980. ¾ Mine rehabilitation planned to commence in mid- 2007 with total capex of less tha
Slide 14: Property Portfolio – Uravan Mineral Belt
Property Portfolio – Uravan Mineral Belt ¾ Energy Fuels has numerous additional uranium properties on the Uravan Mineral Belt: Historical Claims Approx. Grades Immediately Miles to Historical Production Historic Drill Property Name (#) Acres U3O8 Economic White Mesa Production in Area lbs Database C
Slide 15: Property Portfolio – Arizona Strip
Property Portfolio – Arizona Strip ¾ Historical production in the region in excess of 20 million lbs uranium by Energy Fuels Nuclear ¾ Historical grades average 0.65% U3O8 ¾ EFR controls 24 targets – 5 with confirmed breccia pipe structures ¾ Proprietary database and strong technical team ¾ 18,000 f
Slide 16: Development Strategy
Development Strategy ¾ Strong pipeline of properties in portfolio with infrastructure substantially in tact Mining operations could recommence on short notice ¾ Assembling & training of mine workforce ongoing ¾ Mining activities to commence upon reaching a toll milling agreement White Mesa mill
Slide 17: Growth Strategy
Growth Strategy Organic Growth ¾ Significantly increase 43-101 compliant resources at currently held properties over the next 12 months Budgeted $2.5 million drilling program to expand resources Consultants employed to continue NI 43-101 certifications. Growth through acquisition ¾ Dozens of acq
Slide 18: Next Steps
Next Steps ¾ Mine rehabilitation underway Stockpiling of mineralized material expected to commence mid-2007 ¾ Advance toll milling arrangements Investigate feasibility of building new mill ¾ Increase mineral inventory through drilling campaign ¾ Acquire properties that fit criteria ¾ Examine M&A
Slide 19: Contact
Contact Suite 500 - 2 Toronto Street 44 Union Blvd., Suite 600 Toronto, Ontario Lakewood, CO M5C 2B6 80228 Dan Barnholden, Gary Steele, Investor Relations Investor Relations Telephone (416) 625-2334 (303) 956-2100 Toll-Free 1 (888)864-2125 1 (888)864-2125 Email: [email protected] Web Site