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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 elaelaon Apr 22, 2012 9:26am
681 Views
Post# 19821206

Future is looking very optimistic

Future is looking very optimistic

With the purchase of Dennison's US assets this past week, EFR has gone from a developer to producer. We will be able to produce 25% of the uranium produced in the US. We have just aquired an operating mill in Utah. That may put Pinon Ridge on the backburner as Pinon Ridge may not be a priority right now. What is important right now is for the spot price of uranium to start rising. According to experts the spot price can reach $100 per lb by 2013. Japan is about to start 2 of its reactors. India and China are going ahead with construction of new reactors. Even the US is debating whether to build new reactors. I am no expert on Uranium mining but reading from the experts I would say the management team of EFR have done very well considering the circumstances that have developed in the past year. I first bought in EFR about 5 years and have accumulated quite a few shares since then.  Let's hope for the best and good luck to everyone who beleives in EFR.

Bullboard Posts