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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

Bullboard Posts
Post by SimplyTheFactson Aug 17, 2013 2:23pm
474 Views
Post# 21678588

Management Response Regarding Aldershot

Management Response Regarding AldershotWhat a class act this management is at EFR. Makes me feel good about having my money invested here. This is Saturday, yet within a couple of hours they responded to my question...

"Hello xxxxxx:

Thank you for the email. I apologize for the delayed response. I didn't have cell service for awhile this morning.

In short, this was a release by Aldershot, not Energy Fuels.  Regardless, this transaction is immaterial from Energy Fuels' standpoint. First, we were likely going to drop these properties in the next month or so, as claim maintenance fees are due soon.  Yet, for these properties, we are getting $10,000 cash and a royalty.  We obtained these properties in the Titan transaction in Feb. 2012.  We did an assessment of them over the last year.  Based on that, we believe they are of little value.  This is why we didn't press release the news. But, we are happy to take a little cash and a royalty on properties we were dropping anyway.

In addition, if you'd like to have a call with our CFO and me on Monday (or any other time next week), please let us know. Send me a few times that work for you.

I hope this answers your question. Let me know if I can be of further assistance.

Curtis"

As I have said many times before, the biggest asset EFR has, is its management. A class act in my opinion,
Simply
Bullboard Posts