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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

Post by Litinvon Dec 31, 2020 5:35am
712 Views
Post# 32201787

Still a long way to go...

Still a long way to go...It's funny - I bought in at these price levels years ago, considering it was a bargain at that time. Since then shares went down and down, and finally they have now turned. My point is that the uranium sector has been so 'bombed out' and stock prices so low, that even the latest gains only take us a small step towards what they should be worth. We have multiple triggers: REE business, long term contracting, spot price rising, institutional money, private investors FOMO, 75 million dollars from US government could be used for UUUU and URG inventory at a price of 50-60 dollars/pound in the beginning of 2021, nuclear getting popular as a climate solution. Now we just have to wait for good news and cross our fingers that we don't get a new Fukushima accident while we wait!
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