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:

Eric Coffin, Hard Rock Analyst (1/9/19)
"Energy Fuels Inc. estimates 4 Mlb of recoverable vanadium in the tailings ponds; vanadium is currently selling for $15.50/lb, so this is not an inconsiderable revenue source over a two-year period. The company will continue exploration of several of the small deposits it owns near White Mesa with a focus on zones that carry higher vanadium grades in addition to uranium."

Mark Reichman, Noble Capital Markets (1/8/19)
"Energy Fuels Inc. expects to achieve full production rates of 200–225 Klb vanadium concentrate by Q1/19E. The company expects to invest approximately $4.2M to enhance production readiness to be able to respond to improved uranium market fundamentals in the U.S. that could result from a potential positive outcome of the Department of Commerce investigation into the effects of uranium imports or improving global market fundamentals."

This miner discussed 2019 plans for its vanadium and uranium projects.
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Mike Kozak, Cantor Fitzgerald (1/7/19)
"Energy Fuels Inc. has produced its first batch of vanadium concentrate (V2O5), or 'black flake,' via the recycling of existing tailings pond solutions at the White Mesa mill; vanadium production for 2019 is projected at 200–225 Klb V2O5/month, unchanged from previous guidance. Uranium production guidance of 50–125 Klb U3O8 in 2019 is the 'base case' scenario and could ramp materially higher should a positive outcome result from the Section 232 petition."

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."

This company provided an update on its own test mining and on federal governmental actions.
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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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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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