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
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 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