Energy Fuels Inc.

Energy Fuels Inc. is one of the largest producers of uranium in the United States, which is highly strategic as the United States is the World’s largest consumer of uranium. The company owns low-cost in situ uranium recovery (ISR) and conventional production operations in the U.S., including the Nichols Ranch ISR Project in Wyoming; the White Mesa Mill in Utah; and the Alta Mesa ISR Project in South Texas. Combined, the Company has over 11.5 million pounds of production capacity in its portfolio. The company also owns several mines on standby and in permitting that it can put into production as uranium prices recover.

Expert Comments:

Mark Reichman, Noble Capital Markets (11/6/18)
"This month, Energy Fuels Inc. expects to begin recovering vanadium from pond solutions at the company's White Mesa mill. Based on current estimates, management believes the pond solutions, which emanate from past processing at the mill, could contain up to 4 Mlb of recoverable vanadium."

Eric Coffin, Hard Rock Analyst (11/5/18)
"After consolidating through most of October, Energy Fuels Inc. has blasted off again during the past few sessions on strong volume, closing at a 3-year high just before this issue was completed. . .the spot uranium price rose through $28 as this issue was being finished, the best price it's seen in a long while. Clearly, the production cutbacks in the sector on multiple fronts are starting to have an impact."

Mike Kozak, Cantor Fitzgerald (11/5/18)
"Energy Fuels Inc. produced 33 Klb U3O8 from in situ recovery operations (Nichols Ranch) and 124 Klb U3O8 from alternate feed and pond return (White Mesa) in Q3/18. The company did not sell any material into spot, instead opting to keep it in inventory pending higher U3O8 prices."

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/1/18)
"Energy Fuels Inc. has essentially doubled in price since early summer. This is largely due to the company's exposure to vanadium, which justifies not only the recent gains but seems likely to drive the share price even higher as production begins."

SmallCapPower (10/31/18)
"Vanadium is an element used primarily to strengthen steel alloys for industrial use but also has important applications as a battery metal. . . The price of vanadium has dramatically outperformed other metals since January 2017, appreciating 346% compared to the gains of cobalt (89%), lithium (16%), copper (12%) and gold (2%). . .we have identified four Canadian vanadium stocks that will likely benefit most from an elevated level of vanadium demand, including Energy Fuels, a U.S. based producer of uranium and vanadium assets. The White Mesa Mill in Utah is the only permitted and operational uranium/vanadium mill located in the United States."

This company provided an update on its own test mining and on federal governmental actions.
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Brien Lundin, Gold Newsletter (Jefferson Financial) (10/1/18)
"Energy Fuels Inc. expects to begin producing vanadium soon from the ponds at its White Mesa mill in Utah. . .with vanadium prices having spiked by over 150% in the past year, the company's move to monetize its vanadium assets makes a lot of sense. . .in short, Energy Fuels has the opportunity to generate significant cash flow while its waits for the Department of Commerce to conclude its Section 232 investigation into uranium imports."

The company also announces it will retire $8.3 million bond debt.
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This company delivered strong Q2/18 results, prompting a target price increase by one investment firm.
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A ROTH Capital Partners report opined on what the announcements mean for the uranium price and this company.
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A Haywood Securities report provided an update on the uranium sector.
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Maurice Jackson Mickey Fulp
Maurice Jackson of Proven and Probable explores the prospects for investment in uranium with Mickey Fulp, the Mercenary Geologist.
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More Expert Comments

Experts Following This Company

Michael Ballanger, Gold Industry Consultant
Eric Coffin, Owner – HRA Advisory
Mickey Fulp, Writer – Mercenary Geologist
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Maurice Jackson
Mike Kozak, Analyst – Cantor Fitzgerald
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Reagor, Analyst – ROTH Capital Partners
Mark Reichman, Managing Director, Senior Analyst - MLP – Noble Capital Markets
David Talbot, Vice President, Senior Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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