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:

headshot of Mark Reichman

Mark Reichman, Noble Capital Markets

"We are maintaining our Market Perform rating on Energy Fuels Inc. based on the potential for constructive recommendations from the appointed working group. The president appointed a working group to review the entire domestic nuclear supply chain and develop recommendations, within 90 days, for reviving and expanding nuclear fuel production; it appears the focus will be the security of domestically sourced uranium."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

"On July 12, 2019, it was announced that President Trump would not impose quotas for domestic uranium production. However, he did acknowledge uranium supply was a national security issue and he established a group to investigate the fuel cycle. . .this new 90-day review leaves the door open for other potential positives for Energy Fuels Inc."

Nick Hodge, Early Advantage

"All our uranium stocks remain Buy rated, including Energy Fuels Inc. . .an Australian outfit has put out an article saying Trump plans NOT to protect the American uranium sector; this is an unverified report. With or without 232, the uranium market fundamentals point to a strong bull market ahead."

Nick Hodge, Early Advantage

"The Department of Commerce has recommended the White House protect the American uranium mining industry by initially requiring U.S. utilities to get 5% of their reactor requirements from U.S. sources. And that would climb by 5% every year thereafter for an unspecified amount of time. . .that sort of framework would be very positive for U.S. producers and developers like Energy Fuels Inc."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Energy Fuels Inc. produced 20 Klb U3O8 and 325 Klb vanadium oxide during Q1/19; it added that uranium production to its stockpile, which now stands at 470 Klb. It sold 53 Klb vanadium during the quarter; its vanadium stockpile stands at 270 Klb."

Nick Hodge, Early Advantage

"Energy Fuels Inc. is a cheap buy. You can buy it today at $2.65. . .we continue to erase the days leading up to Trump's 232 deadline of July 14."

This company expects to increase V2O5 output during the warmer months.
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One of the company's major new initiatives related to vanadium, thanks to stronger prices.
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This company is now producing the metal at increasingly higher rates and purities.
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More Expert Comments

Experts Following This Company

headshot of Michael Ballanger
Michael Ballanger, Gold Industry Consultant
headshot of Eric Coffin
Eric Coffin, Owner – HRA Advisory
headshot of Colin Healey
Colin Healey, Analyst – Haywood Securities
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Mike Kozak, Analyst – Cantor Fitzgerald
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
headshot of Mark Reichman
Mark Reichman, Managing Director, Senior Analyst - MLP – Noble Capital Markets
headshot of Ron Struthers
Ron Struthers, Editor Struthers Resource Stock Report
headshot of David Talbot
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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