NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 05/06/2020 3:50:07 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Agreement to Acquire Prompt Fission Neutron Equipment and Technology
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading producer of uranium in the United States, today announced its entry into an agreement to acquire from GeoInstruments Logging LLC (“GIL”) all of its Prompt Fission Neutron (“PFN”) technology, equipment and related intellectual property. Under the agreement, Energy Fuels will be given the exclusive right to globally use, license and service this particular PFN technology, which is critical to successful uranium production, particularly from many in situ recovery (“ISR”) deposits, as it more accurately measures downhole in-situ U3O8 ore grade versus traditional Total Gamma and Spectral Gamma methods. “Energy Fuels’ acquisition of this PFN equipment and technology will further solidify Energy Fuels’ position as the leading uranium miner in the United States, especially in the ISR space,” Energy Fuels president and CEO Mark S. Chalmers stated in the news release. “We believe that acquiring PFN technology is now more important than ever, as we believe a revival of the U.S. uranium industry is imminent. On April 23, 2020, the U.S. Nuclear Fuel Working Group (“NFWG”) conclusively described why the U.S. needs healthy uranium and nuclear fuel industries in order to secure U.S. energy and national security and prevent Russia, China and other geopolitical rivals from gaining control of global – and U.S. – nuclear markets.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading producer of uranium in the United States, today announced its entry into an agreement to acquire from GeoInstruments Logging LLC (“GIL”) all of its Prompt Fission Neutron (“PFN”) technology, equipment and related intellectual property. Under the agreement, Energy Fuels will be given the exclusive right to globally use, license and service this particular PFN technology, which is critical to successful uranium production, particularly from many in situ recovery (“ISR”) deposits, as it more accurately measures downhole in-situ U3O8 ore grade versus traditional Total Gamma and Spectral Gamma methods. “Energy Fuels’ acquisition of this PFN equipment and technology will further solidify Energy Fuels’ position as the leading uranium miner in the United States, especially in the ISR space,” Energy Fuels president and CEO Mark S. Chalmers stated in the news release. “We believe that acquiring PFN technology is now more important than ever, as we believe a revival of the U.S. uranium industry is imminent. On April 23, 2020, the U.S. Nuclear Fuel Working Group (“NFWG”) conclusively described why the U.S. needs healthy uranium and nuclear fuel industries in order to secure U.S. energy and national security and prevent Russia, China and other geopolitical rivals from gaining control of global – and U.S. – nuclear markets.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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