Company
Energy Fuels Inc.
TSE:EFR
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of rare earth element ("REE") carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development.
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Energy Fuels banks $98.8M in working capital as it stands ready to supply uranium globally
The company noted it has several existing uranium mines on standby and significant existing inventories of company-produced, US-origin uranium
Energy Fuels helping to restore US rare earth production
Energy Fuels supplies uranium (U3O8) to major nuclear utilities and can also produce vanadium from some projects as market conditions allow
Energy Fuels strikes strategic alliance for the recovery of isotopes needed for emerging cancer therapeutics
The companies will evaluate the recovery of thorium and radium from Energy Fuels’ rare earth carbonate and uranium process streams to make medical isotopes for targeted alpha therapy cancer therapeutics
Energy Fuels to unlock value of assets through sale and strategic alliance with International Consolidated Uranium
Energy Fuels CEO Mark Chalmers said the transaction has “all the hallmarks of a true win-win for both parties”
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Energy Fuels and Neo Performance Materials produce first shipment of mixed rare earth carbonate bound for Europe
The company said successfully producing this rare earth product, and physically delivering the first containers of Rare Earth Carbonate to Neo, is an important achievement, not only for Energy Fuels and Neo, but also for US government effor
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Noble Capital raises rating on Energy Fuels to Outperform, citing value of Rare Earth Element program
The integrated resource company is making strides toward building a critical US rare earth supply chain with the development of an REE carbonate production program at its White Mesa Mill
Energy Fuels ends 1Q with US$60M of working capital as it gears up for big rare earths element commercial push
Energy Fuels also said it holds around $28 million worth of "immediately marketable" inventory, including 690,800 pound of uranium and 1,672,000 pounds of vanadium
Energy Fuels engages top consultant to support development of rare earth separation at White Mesa Mill in Utah
By roping in Carester SAS, the company said it is taking “a key step” toward launching a fully integrated "mine to market" US rare earth supply chain
Energy Fuels receives another US$1.75M from US Department of Energy for rare earth feasibility study
The firm believes it can design its infrastructure to process feeds produced in the DoE program as well as the Monazite it is currently processing, for the recovery of uranium and REE products
Energy Fuels signs non-binding MOU to secure monazite sand supply from Hyperion's Titan Project
Energy Fuels plans to produce mixed rare earth element products from processing the monazite at its White Mesa Mill in Utah
Investments and investor services
Roth Capital boosts target price for Energy Fuels to $6.50 from $2.50, repeats 'Buy' following the company's recent 2020 results
"Given current market conditions and considering UUUU's market opportunities in uranium and rare earths, we believe a sum of the parts valuation is a more appropriate method for valuing UUUU as compared to our prior DCF method," Roth Capita
Energy Fuels rounds out 2020 with robust balance sheet as it pays off all debts and has $40.2M in working capital
The Colorado-based company led the US in uranium production for the fourth year in a row and is now in the rare earth element production space
Energy Fuels says first shipments of natural monazite ore arrived at its White Mesa Mill in Utah
It expects to gradually ramp-up mill production of an intermediate rare earth element product called "mixed REE carbonate"
Energy Fuels signs deal with Neo Performance Materials to launch rare earths production program in US and Europe
The program will produce value-added rare earth products from natural monazite sands, which is a byproduct of heavy mineral sands mined in the southeastern US
Energy Fuels CEO Mark Chalmers applauds $75M uranium reserve funding in omnibus spending bill
'Creation of a uranium reserve is truly a milestone for our industry, and $75 million will go a long way toward reviving and expanding the domestic production of nuclear fuel in 2021 and beyond,' Chalmers said
Energy Fuels announces entry into the commercial rare earth business with Chemours supply deal
The company said it plans to process a minimum of 2,500 tons per year of natural monazite sands at its White Mesa Mill in Utah beginning in 1Q 2021
Energy Fuels produces first rare earth concentrate on a pilot scale at its White Mesa Mill in Utah
The uranium miner said this is the first REE concentrate produced from monazite sands at significant quantity in North America in over 20 years
Energy Fuels closes 3Q with working capital of $44.7M to help fund production increases, other initiatives
The leading uranium producer in the US said its working capital as of September 30 included $28.1 million in cash and marketable securities, plus $25.6 million of concentrate inventory and work in progress
Energy Fuels hails 'clean slate' to increase uranium production as it achieves debt-free status
The leading uranium producer in the US said that it had retired its remaining C$10.43 million of floating rate convertible unsecured subordinated debentures
Energy Fuels applauds President Trump's executive order to address US overreliance on critical minerals from foreign adversaries
The company believes the decision may be a major step toward providing tangible support and/or funding to be directed toward producers and processors of critical minerals
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Energy Fuels' rare earth production aims boosted as it wins US government design contract
In addition, the Department of Energy can award Energy Fuels a contract to complete a feasibility study on this initiative
Energy Fuels says US government wins agreement to extend limits on uranium imports from Russia through 2040
It's an important step toward maintaining the long-term health of the US uranium mining industry, as the expiration of the agreement could have resulted in unlimited Russian uranium imports into the US
Energy Fuels plans to be debt-free on October 6 after paying down debentures
CEO Mark Chalmers says eliminating all debt puts the company in a good position relative to other uranium producers and developers
Energy Fuels reshuffles management team, promotes Scott Bakken and Dee Ann Nazarenus to vice president roles
As part of the reorganization, current COO Paul Goranson and chief accounting officer Matt Tarnowski will be leaving their respective roles to pursue other opportunities
Energy Fuels building up uranium stocks and eyeing cash flow from rare earths within 12 months
The miner has strategically opted not to enter into any uranium sales commitments in 2020 awaiting any US government action and general market conditions to improve
Noble Capital repeats 'market perform' rating on Energy Fuels as it broadens portfolio to include rare earth minerals
“While the company’s strategy for processing rare earth elements is early stage, it could offer another avenue of growth complementary to uranium and vanadium"
Energy Fuels, the USA's largest uranium miner, is paying off debt and growing inventories
"The strength of Energy Fuels' balance sheet is unsurpassed in the global mid and junior uranium mining sectors today", said CEO Mark S Chalmers
Energy Fuels to redeem half of C$20.86M debentures outstanding
CEO Mark Chalmers said the company expects to become debt-free by the end of 2020
Energy Fuels signs consulting agreements with rare earth industry experts to aid commercial strategies
One of the experts, Constantine Karayannopoulos, is chairman of rare earth firm Neo Performance Materials, while fellow expert Brock O'Kelley played a key role at the Mountain Pass rare earth processing facility in California
Energy Fuels to buy prompt fission neutron (PFN) technology from GeoInstruments Logging
CEO Mark S Chalmers said that without PFN, a uranium miner may miss large areas of high-grade uranium resources within a deposit
Energy Fuels dramatically narrows 1Q loss, and reveals robust marketable uranium, vanadium inventory
CEO Mark Chalmers said the company’s cash on hand and total inventory set it apart
Energy Fuels applauds President's Nuclear Fuel Working Group for developing strategy to restore US nuclear energy leadership
The comprehensive strategy seeks to revive and strengthen the US uranium mining industry
Energy Fuels holds a crucial role in developing US uranium independence, says article
An editorial this week argued that 20% of the country’s electricity and 55% of its carbon-free electricity could “become hostage to malign foreign sources”
Energy Fuels dives into rare earth elements, hopes to bring supply chain back to US
The company believes its White Mesa Mill can play an important role in bringing the REE supply chain back from China
Energy Fuels, the US uranium and vanadium producer excited about potential new opportunities to build value
The firm's White Mesa mill has a licensed capacity to produce over eight million pounds of uranium a year, and can generate vanadium when market conditions warrant
Energy Fuels has strong cash position and inventory as it plans to enhance value in 2020
Last year was a highly varied one, in which the firm continued to advance efforts to have the US government provide support for the uranium sector.
Energy Fuels files preliminary feasibility study for Sheep Mountain uranium project in Wyoming
Based on an assumed uranium selling price of $60 per pound, it will recover an average of 1.4 million pounds of uranium per year over 12 years
Energy Fuels eyes expansion into rare earth elements, in talks with US government
The company is primarily a uranium producer, but many ores and alternate feed materials that contain uranium also contain recoverable quantities of REEs
Noble Capital repeats Market Perform rating on Energy Fuels after Trump calls for strategic uranium reserve
White House has included in its fiscal 2021 budget some $1.5 billion ($150 million annually) over 10 years for the reserve
Energy Fuels CEO extols Trump's budget request for $1.5B over 10 years to establish uranium reserve
'President Trump took action to support domestic uranium miners and promote US national and energy security,' Mark Chalmers said in a statement
Energy Fuels builds inventory for vanadium sales, is the driving force in the US uranium mining industry
The company looks forward to once again demonstrating its ability to execute when the US uranium market rebounds
Energy Fuels reiterates support for domestic nuclear fuel supply production review
The US Nuclear Fuel Working Group will soon make recommendations to President Trump
Energy Fuels Inc continuing to position itself for upturn in uranium and vanadium prices as it hails recent Trump order
Energy Fuels holds three of America's key uranium production centers, one of which is the White Mesa Mill in Utah, the only conventional uranium mill operating in the US today
Energy Fuels casts its eyes on uranium and vanadium as it continues to bolster its projects
Headquartered in Colorado, Energy Fuels is a fully-integrated producer of both uranium and vanadium, and owner of the only operational conventional uranium mine in the US
Shining some light on the uranium market
The trading of uranium can be a somewhat confusing process, however, there are still ways for retail investors to get involved
Energy Fuels welcomes President Trump's decision to review US nuclear supply chain
CEO Mark Chalmers said the company is confident that the president will support actions to provide US uranium miners with relief and revitalize the US nuclear fuel cycle
President Trump declines to set uranium production quotas but orders new review
President Trump declined to set US uranium production quotas but ordered a new 90-day review by a group of federal agencies
Energy Fuels unaware of any decision by the White House on uranium imports
The firm said it has not been informed of any decision by the White House with respect to the US Department of Commerce investigation into the effects of uranium imports on US national security
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We examine recent political moves in the critical minerals space and what those in the industry say needs to happen
Critical minerals stakes just got critically higher as Donald Trump and Justin Trudeau agree to develop collaborative plan
Those working in the industry sound off about the challenges of working in the critical metal space
Energy Fuels welcomes US Department of Commerce report on uranium imports and awaits President Trump's response
The firm said it is pleased the US Department of Commerce has submitted a report to the White House into the effects of uranium imports on US national security
Energy Fuels shares advance as it lauds vanadium production from Utah mill
Energy is currently selling this vanadium (as ferrovanadium) into the steel industry
Largo Resources reports record yearly earnings and production, putting vanadium in the spotlight
Vanadium is now gaining traction for its use in battery production
Energy Fuels climbs after saying it remained top US uranium producer in 2018
The company reports in a letter to shareholders producing 917,000 pounds of triuranium octoxide at its Nichols Ranch in situ recovery project in Wyoming and its White Mesa Mill in Utah
Uranium company Energy Fuels rises as target price raised by Roth on strength of balance sheet
Shares of Energy Fuels rallied in Wednesday's New York and Canadian trading
Energy Fuels is now producing up to 200,000 pounds a month of high-purity vanadium
"We are extremely pleased with Energy Fuels' vanadium production to date," said the CEO
Energy Fuels resumes vanadium production at White Mesa mill in Utah
The company has begun several initiatives to enhance its ability to respond to improved uranium market conditions that may result from the ongoing Section 232 investigation
Energy Fuels and Ur-Energy host US Commerce Department tour of four uranium facilities
The companies are asking President Donald Trump to add a quota that would reserve 25% of the US market for domestic producers
Energy Fuels talks 2018's turning point as it prepares for vanadium output
The period saw the US government initiate a 232 investigation into uranium imports to the US
Energy Fuels encouraged by early results from vanadium test-mining programme
"The ability to target higher-grade vanadium zones, separately and independently from higher-grade uranium zones in these mines may be, we believe, a true paradigm shift in the way these mines can be mined," said Mark Chalmers, the presiden
Maxtech Ventures excited about vanadium potential of new claims in Utah
The entire claim group has a maximum north-south extension of around 3.2km
Energy Fuels improves debt position by paying off Wyoming bond
The uranium group has repaid and retired the entire outstanding principal of the debt
Energy Fuels builds uranium position in Wyoming through acquisition of royalties
The company also provided the state of Wyoming with a notice of its intent to repay and retire its Wyoming industrial development revenue bond, which has a balance of US$8.3-million
Energy Fuels sees working capital position perk up in second quarter
The company reported earnings of US$7.1mln for the second quarter and added to its working capital, which grew to US$55.25mln, including cash and cash equivalents
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Energy Fuels announces US Department of Commerce investigating effects of uranium imports
The US Department of Commerce has initiated an investigation into the effects of uranium imports on US national security
Energy Fuels Inc shares surge in New York as it issues response to paper
Earlier this year, the company signed a petition to the US Department of Commerce (DOC) for Relief Under Section 232 of the Trade Expansion Act from imports of uranium products that threaten national security.
Energy Fuels mulling paying off debt after raising significant cash
The company has recently raised $16mln through its ATM (At-The-Market) programme
Uranium miner Energy Fuels joins Russell 3000 Index
The company said it was pleased to join the broad-market Russell 3000 Index and the move could further increase the company's visibility and exposure to key institutional investors.
Uranium miner Energy Fuels set to join Russell 3000 Index
The annual Russell U.S. Indexes reconstitution comprises the 4,000 largest US stocks, ranking them by total market capitalization.
Energy Fuels planning to resume vanadian recovery in Utah this year
Overall, the company has produced more than 45mln pounds of vanadium - or over US$500mln worth at today's prices.
Energy Fuels closes US$5.39mln sale of non-core uranium properties in Wyoming to Uranium Energy
The company said it holds other low-cost ISR assets that are currently either in production or can be brought into production sooner and on a greater scale than the assets sold
Energy Fuels shares nudge higher as it reaches environmental milestone at Alta Mesa
Alta Mesa is a fully permitted and constructed ISR (solution mining) uranium project in the south of Texas
Energy Fuels nudges higher as it outlines opportunities to lift uranium output
The group is always hunting new sources of alternate feed materials and fee processing arrangements, it said
Energy Fuels sees revenue of US$31mln in pivotal 2017 as weak uranium market continues
A total of 1.57mln pounds of U3O8 were recovered by the company, of which 624,000 pounds were for the company's own account
Energy Fuels set for operations expansion in Utah after La Sal Complex approval
The complex encompasses a series of past producing mines which are currently on standby
Energy Fuels streamlines top management as it embarks on several initiatives
Through these management changes, the company expects to realize cost savings by shrinking the size of our executive team, while also streamlining our management and maintaining a high level of continuity by promoting individuals from withi
Energy Fuels taps Mark Chalmers as CEO, succeeds retiring Stephen Antony
Chalmers also takes Antony’s seat on the uranium miner’s board
Energy Fuels and Ur-Energy protest at flood of cheap uranium imports into the USA
The two main uranium producers in the USA want the President to level the playing field
Energy Fuels poised to pounce on uranium market upturn
The group would clearly like to see higher uranium prices, but does have other revenue generating streams
Energy Fuels set to increase cash flow and margins in Wyoming with 'key' royalties deal
Energy Fuels owns the Nichols Ranch ISR (in situ recovery) project in Wyoming, where production began in 2014
Energy Fuels reaffirms full-year production and sales guidance
Energy Fuels continued to focus in the third quarter on maintaining the strength of its balance sheet and pursuing alternate feed materials and land clean-up business opportunities at the White Mesa mill
Energy Fuels shares tick higher as it sells non-core assets for $5.39mln
They will be sold to Uranium Energy Corp (UEC) for a price of $5.39mln, to include $2.94mln in cash and $2.45mln in shares of UEC.
Energy Fuels files technical report, showing big uplift in Canyon mine resource
The mine is now estimated to contain 139,000 tons of measured and indicated resources
Energy Fuels gets thumbs up from broker H.C. Wainright
It recently went on a site visit to the White Mesa uranium mill, which, its, said, showed community support for the project
Energy Fuels posts huge increase in estimated measured and indicated reserves at its Canyon mine
As well as upgrading the estimated reserves of U3O8, the report quantified significant copper resources, which conceivably could be processed at the company's White Mesa Mill
Energy Fuels continues to enjoy healthy margins thanks to long-term contracts
The uranium producer has been able to maintain a strong working capital position and overall balance sheet
Energy Fuels' asset portfolio gives good exposure to potential uranium price lift
The broker repeated a 'buy' rating and targets C$5 a share, which is more than double the current price
Canalaska Uranium, Energy Fuels and Avrupa Minerals under the spotlight at Lundin
Writing in the Gold Newsletter, he looked at Canalaska Uranium Ltd, Energy Fuels Inc, and Avrupa Minerals
Energy Fuels confirms appointment of major stakeholders to board
The board has now appointed Benjamin Eshleman III and Robert W. Kirkwood to serve as directors..
Energy Fuels says new discoveries could lower production costs
Cash burn looks set to diminish substantially as major capital development activities have now mostly been completed
Energy Fuels welcomes two major shareholders to the board
Benjamin Eshleman has a 6.1% stake and Robert Kirkwood 1.6%
Energy Fuels set to become the largest uranium producer in the US in 2017
Energy fuels expects to crank out 675,000 lbs of triuranium over the course of the year
Lundin looks at Energy Fuels and Endeavour Silver and says 'buy'
Energy Fuels is one for the long term, he suggests, as the group continues to struggle with weak uranium prices.
Energy Fuels' COO Mark Chalmers to take on role of president from July
Chalmers has been chief operating officer since July 1, 2016. CEO and president Stephen Antony will continue as CEO.