Mr. Stephen Antony reports

ENERGY FUELS SET TO JOIN THE RUSSELL 3000(R) INDEX

Energy Fuels Inc. is set to join the broad-market Russell 3000 Index at the conclusion of the Russell indexes annual reconstitution on June 26, 2015, according to a preliminary list of additions posted June 19, 2015.

The Russell 3000 Index measures the performance of the largest 3,000 companies in the United States equity market. As a member of the Russell 3000 Index, the company is also expected to automatically join the the Russell 2000 Index, which measures the performance of the small-cap segment of the U.S. equity universe. FTSE Russell determines membership for its Russell indexes primarily by objective market capitalization rankings and style attributes. The company's membership in the Russell 3000 is expected to remain in place for at least one year.

Stephen Antony, president and chief executive officer of Energy Fuels, stated: "As a leading producer of uranium in the United States -- which is the world's largest producer of nuclear energy and the world's largest consumer of uranium -- Energy Fuels is delighted to join the Russell indexes. We are constantly striving to enhance our visibility in the marketplace, and I believe that inclusion in the Russell 3000 Index is a major achievement in this regard. Following the company's acquisition of Uranerz Energy Corp. last week, Energy Fuels now has two uranium production centres, including ISR uranium production in Wyoming and conventional uranium production in Utah. The company operates the only operating conventional uranium mill in the U.S. The company also has a portfolio of premium-priced uranium supply contracts with major nuclear utilities, a number of large uranium projects in permitting and development, and the largest NI 43-101 uranium resource portfolio in the U.S. among producers. Through these assets, we believe we are well positioned as a strategic uranium supplier in the U.S., as we have the potential to significantly increase production as uranium prices continue to increase, thereby providing the potential for excellent leverage to improving uranium markets.

"Uranium markets have seen marked improvement over the past year, with spot prices having increased over 30 per cent since last summer. Nuclear energy, which provides 24-seven base-load electricity with very low life-cycle air and carbon emissions, is expected to play a major role in confronting the duel threats of air pollution and climate change. According to the World Nuclear Association, there are 66 reactors under construction around the world right now. Energy Fuels is enthusiastic about playing a major role in supplying the uranium needed to fuel nuclear energy."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7-trillion in assets is benchmarked to the Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

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