Energy Fuels Ord Shs T.EFR

Alternate Symbol(s): UUUU

Energy

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

Energy Fuels Ord Shs > EFR dropping/Uranium pricing...

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Post by downwithdotcom1on Aug 09, 2024 12:16pm

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Post# 36171563

EFR dropping/Uranium pricing...

While this news about stopping uranium ore shipment story is not helpful-its way far from why EFR is dropping (and harder than everyone else). A few points on this..

Its just one mine providing raw ore and it doesn't involve their processing mill at White Mesa, they do have alternate but less direct transport routes, the stopping of shipments was voluntary and this issue is really about forcing the FEDS to own up to legacy uranium mining clean up not involving EFR.

Then why??
FIRST REASON (my opinion) EFR started getting beat up with these deals into REEs - it muddled the waters a bit as EFR is no longer a pure uranium play-not my words, even the CEO commented on this more than once. Also the fact that REE pricing has taken hits to the point that most of their competitors are reporting losses in their most recent updates.

SECOND REASON-Uranium spot price has fallen back (along with most metals) from a multi year high near $110 in Jan 2024 but it was barly $50 Jan 2023...While its not a total implosion it has taken the momentum away from the WHOLE SECTOR..good example : Denison (DML) was $3.20+ and now its $2.10 ..see below. for current pricing..dwdc