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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

Comment by argaivon Aug 10, 2024 10:55am
92 Views
Post# 36172742

RE:EFR dropping/Uranium pricing...

RE:EFR dropping/Uranium pricing...I wholeheartedly agree.  Uranium stocks have taken it on the chin in recent weeks.  Look at the Cameco share price too.  It has dropped from over $50 US to $39 and change.  The push into the REE space has also caused some concern about the upfront costs, and the recent underperformance by Chinese REE market.  The issue with transporting ore through Navajo lands could not have come at a better time.

I personally think this blockade of shipping ore through Navajo lands is just a way for groups who were upset with the granting of permission for UUUU to mine uranioum near the Grand Canyon.  
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