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CONSENT OF TERENCE P. MCNULTY

The undersigned hereby consents to:

|(i)   | the filing of the written disclosure (the Technical
      Disclosure) regarding the technical report entitled Juniper Ridge
      Uranium Project, Carbon County, Wyoming, USA dated January 27, 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;
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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(i)   | 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);                                                                                                                                                                                                          
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(ii)  | 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                                                                                                                                                                                                                                               
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(iii) | the use of my name in the 10-K, the S-8s and the
    F-4.                                                                                                                                                                                                                                                                                                                                                                               

/s/ Terence P. McNultyTerence P. McNulty, P.E., D.Sc.


Date: March 15, 2016

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