NewsFrom the current Swiss Resource Capital Newsletter:
Reconstitution of Russell Indexes: Energy Fuels is also a candidate for the Russell 3000 Index! Besides Uranium Energy, Energy Fuels has also a market capitalization which should be enough to make it into the Russell 3000 index, which will reconstitute on May, the 12th. If they should make it in, that will significantly increase the institutional ownership and millions of shares would be traded, as many funds, ETFs and institutions are based on the Russell 3000 Index and have to buy.
Energy Fuels is the second largest uranium producer in the US. The company produced 1 million pound of U3O8 in 2016 and sold 1.15 million pounds to utilities. But, the company’s production capacity is ten times higher than that. This means, that Energy Fuels will be able to produce 11.5 million pounds U3O8 per year, if uranium prices will start to move higher. Therewith, the company has an enormous leverage to the uranium spot-price!
https://www.resource-capital.ch/en/infothek/newsletter-archiv.html