Energy Fuels reports closing of merger with Magnum Uranium Corp.

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Thu, Jul 2, 2009
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Post by Melissa Pistilli, Uranium Reporter

Energy Fuels Inc. reports the completion of merger with Energy Fuels and Magnum Uranium Corp., effective June 30, 2009.

As previously reported, this transaction provides Energy Fuels with significantly more resource to develop for mill feed at the Company’s Pinon Ridge mill, and more cash to develop the mill and mines.

Energy Fuels’ President & CEO, George Glasier says:

 ”We welcome the former shareholders of Magnum Uranium as shareholders of Energy Fuels. We know that the resources formerly held by Magnum will be developed profitably for the uranium market more quickly through the combination with Energy Fuels, than through any other method.”

For full details of this press release, click this link.

Uranium Investing News researchers discovered Energy Fuels’ project described on their website.

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