Energy Fuels Completes First Uranium Sales

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2012) - Energy Fuels Inc. (TSX:EFR) ("Energy Fuels" or the "Company") today announced the successful completion of two sales of U₃O₈ ("yellowcake") totaling approximately 200,000 lbs. during the month of July at an average price of US$62.18 per lb. U₃O₈. The sales were completed under two long term uranium contracts which were transferred to Energy Fuels upon the June 29^th completion of the purchase of the U.S. uranium assets and operations formerly held by Denison Mines Corp.