Two Uranium Firms Transact a Deal for Wyoming Asset

Disclosure from Cantor Fitzgerald, November 2, 2017. Disclosures from Oct. 26, 2017, Commodity Update

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of CFCC, a portion of which are generated by investment banking activities. CFCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. CFCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although CFCC makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

Disclosures as of October 26, 2017:
CFCC has provided investment banking services or received investment banking related compensation from Energy Fuels and Uranium Energy Corp. within the past 12 months.

The analysts responsible for this research report have, either directly or indirectly, a long or short position in the shares or options of Energy Fuels.

Analyst certification:
The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.