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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 Jul 18, 2021 10:36am
197 Views
Post# 33566663

RE:It Looks Like This Company Has A Great Future

RE:It Looks Like This Company Has A Great FutureYes it does. You gotta hand that to them. A number of years ago they were all exited about producing copper and spent some money on that. It didnt work out. Then about 4 years ago they got the idea to produce vanadium from existing tailings. They spent a lot to get that up and running only to see the vanadium price collapse so that was the end of that. Now they are all gung ho about producing rare earths. Will it blossom or fall flat....only time will tell. I think thats the reason the price shot up to $9. People all exited about this prospect as its a hot subject these days. Reality is there is yet to be any clarity from them as to what kinda numbers we are talking about here. They have been completely tight lipped when asked to put out some estimates regarding potential revenues or profits in the next 2 or 3 years. So how is one to quantify this as an investment. The rate earths business is a very small field. Lots of players manouvering to take the lead right now. I invested in Molycorp back in 2013 or so ( the biggest rare earths mine in the US ) only to see them go bankrupt and total loss of my investment
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