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CONSENT OF SRK CONSULTING (U.S.) INC.

The undersigned hereby consents to:

| | (i)   | the filing of the written disclosure regarding the
      technical report entitled NI 43- 101 Technical Report on Resources Wate
      Uranium Breccia Pipe  Northern Arizona, USA dated March 10, 2015 (the
      Technical Disclosure), 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;
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| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | (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.                                                                                                                                                                                                                                                                                                                                                                                                                  

SRK CONSULTING (U.S.) INC.

/s/ Corolla HoagName: Ms. Corolla HoagTitle: Practice Leader


Date: March 15, 2016

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