QualityStocksNewsBreaks – 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…