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CONSENT OF ROBERT MICHAUD

The undersigned hereby consents to:

|(i)   | the filing of the written disclosure regarding the
      Technical Report on the Roca Honda Project, McKinley County, New Mexico,
      U.S.A." dated February 27, 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 my name in the 10-K, the S-8s and the
    F-4.                                                                                                                                                                                                                                                                                                                                                                           

/s/ Robert MichaudRobert Michaud, Professional Engineer


Date: March 15, 2016

|RPA Inc.55
      University Ave. Suite 501 | Toronto, ON, Canada M5J 2H7 | T+1
      (416) 947 0907 | www.rpacan.com
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