LAKEWOOD – Energy Fuels Inc., the Canadian mining company planning to build the Pinon Ridge Uranium Mill in the West End of Montrose County, announced this week that its common stock has been approved for listing on the NYSE MKT stock exchange.
Trading commenced on the NYSE MKT at the opening of the market on Wednesday, December 4, 2013, under the ticker symbol "UUUU." Energy Fuels' common shares continued to trade on the OTCQX until the close of the market on Tuesday, December 3.
"As the leading conventional uranium producer in the United States, currently accounting for over 25 percent of all domestic uranium production, we view our new NYSE MKT listing as an important step toward increasing the visibility of Energy Fuels in the United States, gaining access to a larger pool of institutional and retail investors, and improving the overall trading liquidity of our common shares," said Stephen P. Antony, president and CEO of Energy Fuels. "The United States is the world's largest nuclear energy market, yet it is heavily dependent on imported uranium to fuel its nuclear reactors. I believe our new listing on the NYSE MKT will highlight Energy Fuels' position as a strategic domestic supplier of uranium that also offers an unmatched organic production growth potential, as market conditions warrant over time. For these reasons, I am optimistic that Energy Fuels will be viewed as an attractive option for investors who want exposure to the expected worldwide growth in nuclear energy and the higher uranium prices which are expected to result."
The NYSE MKT is a leading capital market for the listing and trading of small growth companies.
"As we continue to grow our NYSE's community of growth-oriented companies, we are excited to welcome Energy Fuels," said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. "The NYSE MKT fully integrated trading platform, which combines leading technology with the human participation of designated market makers, is a great fit to support the company's ongoing maturation."