Energy Fuels Inc.

Energy Fuels Inc. is the largest conventional producer of uranium in the United States. The company owns the only conventional uranium mill in the U.S., the White Mesa mill in Utah. Energy Fuels also owns several producing and near-producing mines in Utah, Arizona and Colorado. It also owns the Sheep Mountain project, a large advanced-stage uranium development project in Wyoming. The company acquired Titan Uranium in February 2012 and the U.S. mining division of Denison Mines in June 2012, making 2012 a transformational year and positioning Energy Fuels as the leading conventional producer of uranium in the U.S., and a major producer of vanadium.

Expert Comments:

Jeb Handwerger, Gold Stock Trades (6/22/15)
"Energy Fuels Inc. recently closed its transaction with Uranerz Energy Corp. and will now have the largest, NI 43-101 compliant, in-ground resource in the U.S. among current producers. . .the company may now be the go-to favorite for funds looking to enter this sector, which may be rebounding."

Rob Chang, Cantor Fitzgerald (6/22/15)
"Energy Fuels Inc. announced that its acquisition of Uranerz Energy Corp. has received the required consent form the U.S. Nuclear Regulatory Commission and shareholder approval. . .the company has consolidated itself as the dominant U.S.-focused player with current production capabilities from both conventional and in-situ recovery methods. Additionally, it has a high-quality pipeline of development projects for future growth. Immediate benefits include reduced costs, production diversification, a stronger portfolio of contracts and increased liquidity. Given the closing of the transaction, we are emerging from restriction with a Buy recommendation and a CA$13.30 target price."

David Talbot, Dundee Capital Markets (6/19/15)
"U.S. Nuclear Regulatory Commission approval came just in time to allow deal closure overnight. . .an enlarged Energy Fuels Inc. is ready to get back to business and begin integration and rationalization. Now it's nail biting time to see if Energy Fuels stock can be included in a reconstituted Russell 3000 Index. . .apparently today was the deadline to close the deal and still be considered. . .inclusion would provide a much needed, yet largely artificial, stock demand this month. . .Energy Fuels is making sure it's ready and able to benefit from a U3O8 price rise while conserving cash."

Colin Healey, Haywood Securities (6/19/15)
"With the addition of Uranerz Energy Corp.'s asset portfolio, Energy Fuels Inc. now controls consolidated Measured, Indicated and Inferred resources of more than 134 Mlb U3O8 across a deep portfolio of projects, many permitted or in advanced permitting. . .with all regulatory and shareholder approvals in place as of June 18, 2015, the company solidifies its position as a larger U.S. producer, with a diversified asset base, which now includes both conventional and in-situ recovery producing mines."

Investors Guru (6/15/15)
"Energy Fuels Inc. and Uranerz Energy Corp. both have producing uranium mines with long-term premium utility sales contracts and both have vast exploration and development projects all located across the Western US. Both are also in the middle of merging together to become the largest integrated uranium producer focused on the United States. . .the combined company should have several competitive advantages such as access to easier funding from having a larger market cap, larger uranium resources, more working capital and the only conventional uranium mill currently operating in the U.S., to being able to employ both low cost in-situ recovery or conventional underground mining methods as needed."

David Talbot, Dundee Capital Markets (6/8/15)
"We retain a Buy recommendation for Energy Fuels Inc. and increase our target price by CA$0.30 to CA$9.30/share. . .the company is adding value to its project pipeline via synergies, additional historical resources and further upside potential. The market appears to like the deal, as Energy Fuels outperformed its peer group this week. While we do see this deal as positive, and particularly appreciate the technical synergies and upside potential, we already see the company as vastly undervalued, with the market providing little value to its longer term pipeline projects."

More Expert Comments

Experts Commenting on This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Jeb Handwerger, Author Gold Stock Trades
Colin Healey, Analyst – Haywood Securities
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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