Energy Fuels Stock Price, News & Analysis

Energy Fuels Inc. (NYSE American: UUUU) reported financial results for Q2 2021, showing a net loss of $10.8 million, impacted by a $3.6 million increase in warrant liabilities. The company holds $98.8 million in working capital, including $79.4 million in cash, and $39.1 million in inventory value at current prices. Energy Fuels is ramping up production of rare earth carbonate, aligning with its uranium operations. It also agreed to sell non-core uranium projects valued at approximately $24 million to International Consolidated Uranium. The outlook for uranium and rare earth markets remains positive.

Energy Fuels Inc. (NYSE: UUUU) has formed a Strategic Alliance with RadTran, LLC to explore the recovery of thorium and potentially radium from existing rare earth and uranium processes for medical isotopes used in targeted alpha therapy (TAT) cancer treatments. This initiative aims to address supply shortages of essential isotopes for TAT pharmaceuticals. The White Mesa Mill in Utah will be central to this effort, with further evaluations planned upon receiving necessary approvals. If successful, this could significantly boost Energy Fuels' cash flow in the medical isotope sector.

International Consolidated Uranium has entered a definitive agreement with Energy Fuels Inc., acquiring a portfolio of uranium projects in Utah and Colorado for US$2 million and further payments totaling Cdn$14 million. This deal positions CUR as a key player in the U.S. uranium sector, leveraging access to Energy Fuels' White Mesa Mill for processing. The acquisition includes three past producing mines—Tony M, Daneros, and Rim—which are set for potential rapid restarts. Additionally, Mark Chalmers, CEO of Energy Fuels, will join CUR's board, enhancing strategic oversight.

Energy Fuels has successfully shipped the first 20 tonnes of mixed rare earth carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, marking a significant step in developing a new U.S.-to-Europe rare earth supply chain. This operation utilizes monazite sand mined in Georgia and enables Energy Fuels to produce rare earth materials domestically. A definitive supply agreement has been signed, with further shipments expected. This initiative positions Energy Fuels uniquely in North America and aims to meet the increasing demand for rare earth elements in electric vehicles and renewable energy technologies.

Energy Fuels (NYSE American: UUUU) will be a Hall of Fame Presenter at the LD Micro Invitational XI on June 8, 2021, at 11:00 AM ET. CEO Mark S. Chalmers will discuss the company's growing rare earth element business, highlighting the ramp-up of U.S. production of a mixed REE carbonate at the White Mesa Mill in Utah. Energy Fuels aims to establish a U.S.-European rare earth supply chain, reducing reliance on China. The LD Micro Invitational features around 180 companies and runs from June 8-10, 2021.

Energy Fuels Inc. (NYSE American: UUUU) announces the results of its annual and special meeting held on May 26, 2021. All eight nominees proposed by management were elected as directors. Voting included proxy and electronic polls, with significant support for nominees such as Mark S. Chalmers receiving 96.08% approval. Energy Fuels continues to operate as a leading uranium producer in the U.S., with plans to begin commercial production of REE carbonate in 2021. The Company’s resources include three key uranium production centers, reinforcing its market position.

Energy Fuels reported financial results for Q1 2021, showing a net loss of $10.91 million compared to $5.66 million in Q1 2020. The company enhanced its financial position with $60.37 million in working capital, including $44.11 million in cash. A significant highlight is the commencement of rare earth element production at the White Mesa Mill, along with strategic partnerships to develop a U.S.-European rare earth supply chain. Energy Fuels continues to focus on uranium production as it awaits the establishment of a U.S. Uranium Reserve.

Energy Fuels Inc. (NYSE: UUUU) has engaged Carester SAS to conduct a scoping study for developing a rare earth element (REE) separation circuit at its White Mesa Mill in Utah. Carester, an expert in rare earth supply chains, will evaluate current processes, provide capital and operating cost estimates, and recommend equipment vendors. Energy Fuels aims to process approximately 15,000 tons of natural monazite annually to recover REEs, moving towards a fully integrated U.S. rare earth supply chain, bolstered by existing regulatory and environmental standards.

Energy Fuels Inc. (NYSE: UUUU) announced a new award of $1.75 million from the U.S. Department of Energy to support a Feasibility Study focused on producing rare earth elements (REEs) from coal-based resources and natural monazite ore. This follows a $150,000 contract awarded in 2020, bringing the total funding to $1.9 million. The study aims to estimate production costs for separated REE products in the U.S., enhancing the company's efforts to develop a domestic REE supply chain at its White Mesa Mill in Utah.