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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

Energy Fuels Inc. is a critical minerals company. The Company is a producer of uranium in the United States. It mines uranium and produces natural uranium concentrates that are sold to nuclear utilities to produce carbon-free nuclear energy. The Company is engaged in the production of advanced rare earth elements (REE) materials, including mixed REE carbonate. It also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. The Company holds two uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The White Mesa Mill is a conventional uranium mill operating in the US, and has a licensed capacity of over 8 million pounds of triuranium octoxide (U3O8) per year. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. It also has the Bahia Project in Brazil.


TSX:EFR - Post by User

Comment by Stratocheifon Dec 07, 2020 8:00am
257 Views
Post# 32048085

RE:RE..Uranium stocks soar

RE:RE..Uranium stocks soarEfr went from $2 to $5 in 2018 because they got into producing vanadium when uranium was even lower than today. This company is unique among uranium producers in that it tries everything where others just stick to uranium. Now they are pushing ahead with NEO to produce rare earth concentrate in the next few months. This combined with the DOE mandate to buy uramium from them in the next 60 days (amount and price not revealed yet but it should be above spot otherwise what was the point of the whole initiative to revitalize US producers) is a double tailwind for them. I'd hold on a while. Could be a dip today but i wouldnt worry. Ive held this stock since 2012 lol. Cant see a looming collapse considering the above issues and the fact we have a company with NO debt. I like those kinds of companies. They have huge downside protection and can maintain their sp for a long time...especially if they have some sideline sources of income (like uuuu has) so there is also minimal risk of dilution here. Unlike Peninsula Energy. Have you been following that stock? Its a discrace ...they have solid uranium contracts going out amother 20 years or so for around $45 a pound and they keep diluting diluting and diluting. $1 invested on 2014 is now worth 7 cemts
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