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 (UUUU) provides essential resources for carbon-free nuclear energy and critical minerals through its uranium mining and rare earth element processing operations. This news hub offers investors and industry observers centralized access to official announcements and market-moving developments.
Track regulatory filings, production updates from key facilities like the White Mesa Mill, and strategic initiatives in rare earth element recovery. The curated collection includes earnings reports, partnership announcements, and operational milestones across uranium, vanadium, and heavy mineral sands projects.
Stay informed about UUUU's role in strengthening US critical mineral supply chains through timely updates on:
- Uranium production volumes and utility contracts
- Rare earth element processing advancements
- Regulatory compliance achievements
- Strategic mineral acquisitions
Bookmark this page for direct access to Energy Fuels' verified announcements, ensuring you never miss developments impacting the nuclear energy and advanced materials sectors.
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.
Energy Fuels and Hyperion have signed a memorandum of understanding (MOU) to explore the supply of monazite sands from Hyperion's Titan Project in Tennessee to Energy Fuels' White Mesa Mill in Utah. This collaboration aims to establish a fully integrated U.S. rare earth supply chain to support electric vehicles and renewable energy sectors.
Hyperion's Titan Project is expected to provide significant logistical advantages and valuable rare earth minerals, potentially producing high-grade mineral products including monazite, titanium, zircon, and high-quality silica.
Virtual Investor Conferences will host an Extractive Industry Investment Options Conference on March 30 and 31, 2021. The event is free for individual and institutional investors, offering presentations from global metals and mining executives. The conference aims to highlight investment opportunities across various sectors, including precious and critical metals. Keynote speakers include experts from Hallgarten & Co., CPM Group, and Hecla Mining. The agenda features diverse presentations, starting at 9:30 AM ET each day, and encourages investor engagement through Q&A sessions.
Energy Fuels reported its 2020 financial results, indicating a working capital of $40.2 million, a significant increase from $20.5 million in 2019. The company raised $30.4 million through its equity program in early 2021. It produced 196,500 pounds of uranium and 67,000 pounds of vanadium during 2020. The company is transitioning towards rare earth element production and expects to begin commercial production of mixed REE carbonate in 2021. Despite no uranium sales in 2020, increased market conditions for uranium and vanadium are anticipated, with the U.S. government proposing a $75 million Uranium Reserve fund.
Energy Fuels Inc. (NYSE American: UUUU) has announced the release of a broadcast titled “Rare Earths, Rare Opportunity.” As prices for neodymium and praseodymium oxide rise over 40% in 2021, other rare earth elements like dysprosium and gadolinium also see significant increases. The surge in prices is attributed to geopolitical tensions, particularly between China and the developed world. Energy Fuels aims to decrease dependence on foreign sources by establishing a new non-Chinese rare earth supply chain in partnership with Neo Performance Materials.
Energy Fuels Inc. (NYSE: UUUU) announces its editorial placement by NetworkNewsWire, highlighting its new rare earth production initiative aimed at boosting U.S. supply chains. With China's dominance in the rare earth element (REE) market jeopardizing U.S. national security, Energy Fuels seeks to re-establish American production capabilities. The company is already the largest uranium producer in the U.S. and plans to commence commercial REE carbonate production in 2021. Its facilities include the White Mesa Mill, the only operating conventional uranium mill in the country.
Energy Fuels Inc. (NYSE American: UUUU) has received its first shipments of natural monazite ore at its White Mesa Mill in Utah, marking a significant step toward commercial production of rare earth elements (REE). The company expects to produce an intermediate product known as mixed REE carbonate, benefiting from the ore's high REE content. This initiative is part of a larger effort to establish a fully integrated U.S.-European rare earth supply chain. Successful production and recovery of uranium are also anticipated, enhancing the company's capabilities in clean energy generation.
