Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum 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... see more

TSX:EFR - Post Discussion

Energy Fuels Ord Shs > EFR dropping/Uranium pricing...
View:
Post by downwithdotcom1 on Aug 09, 2024 12:16pm

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


$82.600 Aug 02, 202
Comment by argaiv on Aug 10, 2024 10:55am
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 ...more  
Comment by TouchDown12 on Aug 10, 2024 11:30am
I noticed many have spoken of the burdens that are keeping the s/p down; just wondering what are the potential positive catalyts in order for the s/p to rise. I think that EFR and the Board needs to show the biz case for US based REE by signing an agreement for some inventory - now or in the reasonable future - with the US government so that it can become a proven concept. I have heard Mark speak ...more  
Comment by argaiv on Aug 12, 2024 10:41am
If they can show that they are making positive cash flow from their REE project in Australia that could be a game changer.  I just wonder how much does it cost to ship material from Australia to the US?
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities