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:

Analysts watching the uranium market agree that as prices for U3O8 turn around, Energy Fuels' U.S.-based assets, including its conventional and in-situ recovery operations at the Canyon Mine and Nichols Ranch, respectively, make it a good bet for investors. The company's management team and directors must agree because they have upped their share ownership.
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Rob Chang, Uranium Investing News (3/16/17)
"Energy Fuels Inc. is one of our favorite names. It's the best leveraged to the uranium price, in our opinion, the reason being is that it has the capability to produce anywhere between 3 and maybe 7 Mlb, depending on what the uranium price is. . .the company has many assets on standby that can turn on so when the prices go up, it will be in a good position to capitalize."

Joe Reagor, ROTH Capital Partners (3/10/17)
"We believe Energy Fuels Inc. will benefit from industry production cuts and a rising uranium price. . .we believe the Canyon mine could provide significant catalysts for the company throughout 2017. We anticipate Energy Fuels will release an updated technical report on the resource estimate at the project in the middle of this year."

Rob Chang, Cantor Fitzgerald (3/10/17)
"We continue to view Energy Fuels Inc. as our top leverage play to the upcoming uranium recovery. . .during 2016, sales of 1.15 Mlb U3O8 were completed by the company. . .recoveries amounted to 680 Klb U3O8 from White Mesa primarily from alternate feed material along with 335 Klb from Nichols Ranch."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17)
"With the 1,470 ft shaft at Energy Fuels Inc.'s Canyon nearing completion, the company has been conducting underground drilling along the way. Highlights include hole 11 (6 ft of 16.99% U3O8 and 1.2% copper), hole 7 (46 ft of 1.37% U3O8 and 13.52% copper) and hole 14 (4 ft of 8.35% U3O8 and 1.64% copper); these assays bode well for Canyon's ability to provide high-grade ore to Energy Fuels' White Mesa mill."

Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment.
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Eric Coffin, Hard Rock Analyst (2/22/17)
"Management announced Energy Fuels Inc. received its aquifer license for the Jane Dough well field at its Nichols Ranch in situ recovery project. . .the company also reported new assay results for additional drill holes at its Canyon project where resource definition of this high-grade breccia pipe continues. . .like the permit news above, this is further evidence that Energy Fuels is well positioned for a renewed uranium bull market."

Colin Healey, Haywood Securities (2/17/17)
"Energy Fuels Inc.'s receipt of Environmental Protection Agency concurrence on the aquifer exemption for the Jane Dough resource area represents positive incremental progress and derisking of the company's Wyoming in situ recovery uranium production pipeline. . .Energy Fuels continues to effectively navigate the complex permitting process related to uranium mining in the U.S."

In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
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More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Brent Cook, Analyst, Geologist Exploration Insights
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Mazumdar Exploration Insights
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

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

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