LAKEWOOD, CO, March 7, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX: EFR ) ("Energy Fuels" or the "Company"), a leading producer of uranium in the United States, is pleased to announce that it has entered into a definitive agreement to acquire Mesteña Uranium, LLC ( "Mesteña" ), a well-known, closely-held uranium producer that operates the Alta Mesa ISR Project ( "Alta Mesa" ) located in Brooks and Jim Hogg Counties, Texas (the " Transaction "). Pursuant to the Transaction, Energy Fuels will issue 4,551,284 common shares of the Company to the current owners of Mesteña. The closing of the Transaction is expected to occur on or before May 4, 2016, subject to the receipt of all applicable regulatory and stock exchange approvals and the satisfaction of certain other conditions to closing.