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Energy Fuels - UUUU STOCK NEWS

Welcome to our dedicated page for Energy Fuels news (Ticker: UUUU), a resource for investors and traders seeking the latest updates and insights on Energy Fuels stock.

Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) is America’s leading uranium company with operations located across Colorado, Utah, Arizona, Wyoming, and New Mexico, managed from their Lakewood office in Colorado. The company is notable for being one of the only three public companies globally with both conventional and in-situ recovery (ISR) production capabilities.

Core Operations and Assets:

  • White Mesa Mill: Situated in Utah, it’s the only operational conventional uranium mill in the US, with a capacity of 8 million pounds of U3O8 per year.
  • Nichols Ranch ISR Facility: Located in Wyoming, this site has a licensed capacity of 2 million pounds of U3O8 per year.
  • Vanadium Production: The White Mesa Mill also has circuits specifically designed to produce vanadium, along with processing uranium/vanadium ores from various mines.

Recent Developments and Achievements:

  • November 2023: Sold a secured convertible note to MMCAP International resulting in total proceeds of $21 million plus interest, settling the balance owed by enCore Energy Corp. for the Alta Mesa Sale.
  • December 2023: Commenced uranium production at three of its mines in Arizona and Utah in response to strong market conditions, prepping additional mines for future production.
  • December 2023: Entered into a Memorandum of Understanding with Astron Corporation Limited to develop the Donald Rare Earth and Mineral Sands Project in Australia.

Business Focus:

Energy Fuels Inc. prioritizes the production of critical minerals including uranium, vanadium, and rare earth elements (REEs). Their uranium is sold to nuclear utilities for carbon-free nuclear power. Recently, the company has also ventured into the production of REE materials, aiming to produce commercial-grade separated REE oxides by 2024.

Financials and Growth Strategy:

Energy Fuels reported significant net income in 2023, driven by uranium sales and the strategic sale of non-core assets. The company remains committed to expanding its production capabilities, especially in light of favorable market conditions and increased governmental support for nuclear energy.

Partnerships and Market Position:

The company has forged strategic partnerships and expanded its resource base through acquisitions, such as the Bahia Project in Brazil and proposed acquisitions in Australia and Madagascar. These moves aim to bolster their REE and uranium production capacities, ensuring a diversified and sustainable supply chain.

Corporate Governance:

Energy Fuels Inc. operates with a high standard of environmental and regulatory compliance, focusing on sustainable and responsible resource extraction to meet the growing demand for clean energy solutions.

News

Energy Fuels Announces 2023 Results: Record Net Income and Earnings per Share, Uranium Production Ramp-Up, and Near-Term Production of Separated Rare Earth Elements

Rhea-AI Summary
Energy Fuels Inc. reported strong financial results for 2023, with a record net income of $99.76 million and no debt. The company capitalized on the strong uranium market, selling 560,000 pounds of U3O8 and realizing a gross profit of $17.96 million. Additionally, the sale of Alta Mesa project assets provided $119.26 million to invest in uranium and rare earth production. Energy Fuels is well-positioned to capture market opportunities with a robust balance sheet and plans to increase uranium production to over two million pounds per year by 2025.
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Energy Fuels Enters into MOU to Secure Near-Term, Large-Scale Australian Source of Rare Earth Minerals to Supply New U.S.-Based Supply Chain for Decades

Rhea-AI Summary
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has executed a non-binding MOU with Astron Corporation Limited to jointly develop the Donald Mineral Sands Project in Australia, which has the potential to supply Energy Fuels with approximately 7,000 tonnes of rare earth-bearing monazite sand per year starting in 2026, ramping up to 14,000 tonnes per year soon thereafter.
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In Response to Surging Prices, Supportive Government Policies, and a Domestic Focus on Security of Supply, Energy Fuels Has Commenced Production at Three of its U.S. Uranium Mines

Rhea-AI Summary
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) is increasing uranium production in response to strong market conditions, with plans to expand production to over 5 million pounds of U3O8 per year by 2025.
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Energy Fuels Announces Sale of Secured Convertible Note and Receipt of Payment in Full for Prior Sale of Alta Mesa ISR Project

Rhea-AI Summary
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced the sale of the remaining unpaid balance of $20 million owed under the Secured Convertible Note to MMCAP International Inc. SPC. The net proceeds from the Note total $64.2 million, including the $41.8 million previously paid by enCore. This payment fulfills enCore's obligations for the Alta Mesa Sale, and no further consideration is owed.
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Energy Fuels Announces Q3-2023 Results, Including Net Income, Continued Significant Increase in Working Capital, Profitable Uranium Sales, and Continued Progress on Development of Uranium Mines and Rare Earth Separation Capabilities

Rhea-AI Summary
Energy Fuels Inc. reports Q3-2023 financial results with $162.50 million of working capital, $10.47 million net income, and significant progress in uranium, rare earth element, and vanadium projects.
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Energy Fuels Announces Q2-2023 Results, Including Growing Working Capital, Commercial Uranium and Rare Earth Sales, and Continued Progress on Development of Rare Earth Separation Capabilities in Utah

Rhea-AI Summary
Energy Fuels Inc. reported its financial results for Q2 2023, with a robust balance sheet of $134.36 million in working capital and no debt. The company sold 80,000 pounds of uranium for a gross profit of $2.00 million, resulting in a gross margin of 46%. They also made progress in preparing uranium mines for production and are on schedule to complete Phase 1 of their rare earth project. Energy Fuels will host a conference call on August 7 to discuss their financial results and initiatives.
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The Supply Crisis for Rare Earth Elements Intensifies

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The Global Solid-State Battery Market Currently Estimated to be Valued At $120 Million

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Solid-state batteries are projected to experience significant growth in the next decade due to their reliability, security, and energy density. The global solid-state battery market is estimated to reach $1,497.1 million by 2033, growing at a CAGR of 28.6%. Phenom Resources Corp. has signed an MOU to gain a 5% equity interest in a Japanese vanadium solid-state battery company. The company's battery provides rapid charging, uses less vanadium, and has a long cycle life. The stationary battery market is expected to double the size of the EV battery market by the early 2030s.
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Energy Fuels Announces Election of Directors

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Energy Fuels Announces Q1-2023 Results, Including Net Income of $114.26 million, $143.61 million of Working Capital, $19.34 million of Uranium and Vanadium sales and Commencement of Development of Rare Earth Separation Capabilities in Utah

Rhea-AI Summary
Energy Fuels Inc. reported its Q1-2023 financial results, including a net income of $114.26 million. The company sold 300,000 pounds of uranium at a gross margin of 58% and 79,344 pounds of vanadium at a gross margin of 37%. They also sold the Alta Mesa property for a total gain of $116.45 million. Working capital increased, total assets increased, and total liabilities decreased.
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FAQ

What is the current stock price of Energy Fuels (UUUU)?

The current stock price of Energy Fuels (UUUU) is $4.64 as of February 21, 2025.

What is the market cap of Energy Fuels (UUUU)?

The market cap of Energy Fuels (UUUU) is approximately 797.0M.

What is Energy Fuels Inc.'s core business?

Energy Fuels Inc. is primarily engaged in the production of uranium used in nuclear energy, vanadium, and rare earth elements (REEs).

What are the main facilities owned by Energy Fuels Inc.?

The key facilities include the White Mesa Mill in Utah and the Nichols Ranch ISR Facility in Wyoming.

What recent achievements has Energy Fuels Inc. announced?

Recent achievements include the sale of a secured convertible note to MMCAP International, commencement of uranium production at three mines, and a partnership with Astron Corporation for a rare earth project in Australia.

How does Energy Fuels Inc. contribute to clean energy?

Energy Fuels produces uranium for nuclear power, which is a carbon-free energy source, and has started producing rare earth elements critical for clean technologies.

What is the capacity of the White Mesa Mill?

The White Mesa Mill has a licensed capacity of 8 million pounds of U3O8 per year and can also produce vanadium and REE products.

Can Energy Fuels Inc. produce vanadium?

Yes, the White Mesa Mill has circuits that can produce vanadium in addition to uranium.

What strategic partnerships has Energy Fuels Inc. entered into recently?

Energy Fuels has partnered with Astron Corporation to develop the Donald Rare Earth and Mineral Sands Project in Australia.

What is the significance of the Nichols Ranch ISR Facility?

The Nichols Ranch ISR Facility in Wyoming has a licensed capacity of 2 million pounds of U3O8 per year and is a crucial part of Energy Fuels' uranium production.

What are Energy Fuels Inc.'s plans for rare earth elements?

Energy Fuels plans to produce commercial quantities of separated REE oxides starting in 2024 and has begun production of advanced REE materials.

How is Energy Fuels Inc. positioned in the uranium market?

Energy Fuels is the leading producer of uranium in the United States, with significant production capacities and strategic partnerships to ensure supply chain sustainability.
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NYSE:UUUU

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UUUU Stock Data

796.98M
192.49M
1.99%
54.68%
16.27%
Uranium
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
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United States
LAKEWOOD