---

CONSENT OF PETERS GEOSCIENCES

The undersigned hereby consents to:

|(i) | the filing of the written disclosure (the Technical
      Disclosure) regarding:
|--- | ----------------------------------------------------------------------------------

| | (a) | the technical report entitled The Daneros Mine Project,
      San Juan County, Utah, U.S.A. dated July 18, 2012;                                                                                                                                                                                                                
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (b) | the technical report entitled Updated Technical Report
      on Energy Fuels Resources Corporations Whirlwind Property (Including
      Whirlwind, Far West, and Crosswind Claim Groups and Utah State
      Metalliferous Minerals Lease ML- 49312), Mesa County, Colorado and Grand
      County, Utah, dated March 15, 2011;
| | (c) | the technical report entitled Updated Technical Report
      on Sage Plain Project (Including the Calliham Mine), San Juan County, Utah
      USA dated March 18, 2015; and                                                                                                                                                     
| | (d) | the technical report entitled Technical Report on Energy
      Fuels Inc.s La Sal District Project, dated March 25,
  2014,                                                                                                                                                                                                    

contained in the Annual Report on Form 10-K for the period
ended December 31, 2015 (the 10-K) of Energy Fuels Inc. (the Company) being
filed with the United States Securities and Exchange Commission;

|(ii)  | the incorporation by reference of such Technical
      Disclosure in the 10-K into the Companys Form S-8 Registration Statements
      (File Nos. 333-205182 and 333-194900), and any amendments thereto (the
      S-8s);
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                              
|(iii) | the incorporation by reference of such Technical
      Disclosure in the 10-K into the Companys Form F-4 Registration Statement,
      as amended (File No. 333-203996) (the F- 4); and                                   
|      |                                                                                                                                                                                                                              
|(iv)  | the use of our name in the 10-K, the S-8s and the
    F-4.                                                                                                                                                                   

PETERS GEOSCIENCES

/s/ Douglas C.
      PetersName: Douglas C. PetersTitle: President


Date: March 15, 2016

---