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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

Energy Fuels Inc. is a critical minerals company focused on uranium, rare earth elements (REEs), heavy mineral sands (HMS), vanadium and medical isotopes. The Company is a producer of natural uranium concentrate, which owns and operates several conventional and in situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the fully licensed and operating conventional uranium processing facility in the United States. The Company also owns the operating Kwale HMS project in Kenya. It is developing three additional HMS projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, in which the Company has the right to earn up to approximately 49% interest in a joint venture with Astron Corporation Limited. The Toliara Project is located in south-west Madagascar, 45 kilometers (kms) north of the regional town and port of Toliara.


TSX:EFR - Post by User

Bullboard Posts
Post by Morpheus2on Dec 29, 2006 6:05pm
486 Views
Post# 11936100

Purchased soem of the private placement

Purchased soem of the private placementThere is a 4 month hold as of Dec 14th I believe, not a 100% sure on the warrants and the timing there. Purchased this as a long term hold as the Ux sector is going to boom even louder in 2007,, EFR should be inline with the other near term producers provided it isn't gobbled up, Mr Farmer from DML has expressed interest in more acquisition, having just closed a merger and buying another Australian company. The way I understand the private placement is EFR ammended the original PP of $1.40/share and $2.20/warrant to $1.75/share and $2.20/warrant (which is really a 1/2 warrant) and they executed the over alotment. Which is common for a stock of this value. I also understand that 80% of the placement went to institutions, I am assuming hedge funds and mutual funds. Leaves 20% for remaining investors. Of which I was only able to capture 30% of what I wanted. In summary should not be much down side even after the 4 month period is up.
Bullboard Posts