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:

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/18)
"Energy Fuels Inc. has joined fellow uranium producer Ur-Energy in filing a petition with the U.S. Department of Commerce for protection from uranium imports under Section 232 of the Trade Expansion Act of 1962. . .with the amount of imports from Russia and China likely to grow in the coming years, the companies argue that ensuring a viable domestic supply of the energy metal is in national interest."

Eric Coffin, Hard Rock Analyst (12/18/17)
"Energy Fuels Inc. is a good long-term bet on higher uranium prices, but you should only make the bet if you're willing to hold it long term if this rally, too, fizzles out. . .if the stock gets much more price, management would be wise to raise some money though this may not go over well with uranium bulls."

Eric Coffin, Hard Rock Analyst (11/20/17)
"Energy Fuels Inc. announced it has sold some noncore holdings in its Wyoming in situ recovery project set to Uranium Energy for $2.94M in cash and $2.45M in Uranium Energy shares to be delivered on closing of the transaction. . .Energy Fuels is a good long-term bet on higher uranium prices."

David Talbot, Eight Capital (11/3/17)
"Energy Fuels Inc.'s Q3/17 production of 465 Mlb U3O8 beat our 229 Mlb forecast. Production included 295 Mlb U3O8 from alternate feed at White Mesa and 170 Mlb from the Nichols Ranch in situ recovery mine. . .alternate feed production jumped eightfold quarter over quarter."

Joe Reagor, ROTH Capital Partners (11/2/17)
"On Nov. 2, 2017, Energy Fuels Inc. announced the sale of its Reno Creek project to Uranium Energy for $5.39M in cash and stock. . .the transaction reduces the financing risk for Energy Fuels in the near term. Thus, we are reiterating our Buy rating and $2.75 price target."

Rob Chang, Cantor Fitzgerald (10/26/17)
"We are maintaining a BUY recommendation for EFR. . .in the zone containing both uranium and copper, 101,000 tons of Measured and Indicated Mineral Resources are reported with an average grade of 0.86% U3O8 and 5.93% Cu, containing 1,725,000 pounds of uranium and 1,939,000 pounds of copper using a 0.36% U3O8 equivalent cut-off grade. . .uranium production from the nine header houses at Nichols Ranch amounted to 85,000 lbs during the quarter, bringing the H1/17 amount to 138,000 lbs. Production guidance for the year has been upheld at between 640,000 -675,000 lbs."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Reagor, Analyst – ROTH Capital Partners
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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