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:

One of the company's major new initiatives related to vanadium, thanks to stronger prices.
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Mark Reichman, Noble Capital Markets

"Energy Fuels Inc. expects to complete its vanadium ramp-up to full production levels of 200–225 Klb/month by Q2/19. The company expects to produce 50–125 Klb of uranium concentrate for its own account. . .Energy Fuels' re-engagement as a vanadium producer could enhance the company's growth outlook."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

"The near-term outlook for Energy Fuels Inc. remains positive. . .we believe a positive outcome to the Section 232 petition could result in an increase in production and sales guidance. Due to the pull forward of our discounted cash flow model and our revised estimates, we are increasing our price target from $3.75 to $4."

Mike Kozak, Cantor Fitzgerald

"Energy Fuels Inc. produced 165 Klb U3O8 net to its own account in Q4/18, comprised of 140 Klb from White Mesa and 25 Klb from Nichols Ranch. These numbers were directly in line with our estimates and the company's previous guidance for the year. . .uranium production guidance of 50–125 Klb U3O8 in 2019 was maintained as the 'base case' scenario."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Energy Fuels Inc.'s vanadium operation is producing vanadium oxide at a 175–200 Klb/month rate. . .it's good to see the company beginning to monetize this asset. The cash flow from the effort will help sustain it as it awaits the Trump Administration's decision on whether to protect domestic uranium production."

This company is now producing the metal at increasingly higher rates and purities.
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headshot of Colin Healey

Colin Healey, Haywood Securities

"Energy Fuels Inc. reports it is now producing a high-purity vanadium product at a rate of 175–200 Klb/month from existing tailings stockpiles, in line with the targeted monthly range outlined in mid-2018 of 200–250 Klb for this campaign which commenced in Q4/18. The company now has sale-ready vanadium product from this campaign, which we expect will lead to an announcement of first sale within the next four to six weeks, allowing us to benchmark price."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Energy Fuels Inc.'s management will spend 2019 prepping its uranium assets for a stronger rebound in uranium prices. . .with the vanadium production at White Mesa providing a cash flow stream and its uranium assets ready to kick into high gear, should conditions warrant, the company is a coiled spring for the uranium market renaissance I see in the medium term."

This miner discussed 2019 plans for its vanadium and uranium projects.
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This company provided an update on its own test mining and on federal governmental actions.
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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 Mickey Fulp
Mickey Fulp, Writer – Mercenary Geologist
headshot of Colin Healey
Colin Healey, Analyst – Haywood Securities
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
headshot of Maurice Jackson
Maurice Jackson
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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