Energy Fuels welcomes two major shareholders to the board

Two major stakeholders of Energy Fuels Inc (TSE:EFR, NYSEMKT:EFR) have expressed an interest in joining the board of the US uranium miner.

Benjamin Eshleman has a 6.1% stake in Energy Fuels by virtue of the Toronto-listed company’s acquisition of Alta Mesa last year.

READ Energy Fuels acquires Alta Mesa mine

In addition to his experience in oil and gas operations, he also has significant experience in situ uranium recovery (ISR) operations.

Robert Kirkwood controls around 1.6% of the issued share capital of Energy Fuels. He would bring extensive energy experience to the Energy Fuels board.

“We are very pleased that Mr. Eshleman and Mr. Kirkwood have expressed an interest in serving as members of the board of directors of Energy Fuels,” said Stephen Antony, president and chief executive officer of Energy Fuels.

“In addition to their deep knowledge and experience in running profitable energy companies in the United States, their interest in serving on the board demonstrates their commitment to the company as two of our largest shareholders,” Antony continued.

“Further, the addition of large shareholders to our board will help ensure that the company’s objectives continue to address the interests of our shareholders,” Antony maintained.

When Eshleman and Kirkwood join the board, directors and management of Energy Fuels will own 11.7% of the company.

“Share appreciation is of ultimate importance at Energy Fuels, as we continue to cut costs, lower our overall cost of capital, focus only on accretive transactions, and maintain the flexibility to respond to improving uranium market conditions. With the appointment of Messrs. Eshleman and Kirkwood following the AGM, our board and management will own, exercise control over, be affiliated with or represent approximately 11.7% of the issued and outstanding shares of the company,” Antony asserted.

Story by ProactiveInvestors