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:

With core drilling and underground development nearly complete at its Canyon Mine and progress noted in other aspects of this company's business, Rodman & Renshaw analyst Heiko Ihle provided an update to investors.
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Heiko Ihle, Rodman & Renshaw (7/10/17)
"Energy Fuels Inc. continues to advance its pipeline of assets while maintaining production optionality. . .we think that significant near-term, low-cost production remains available for the company should prices begin to recover. . .remaining 2017 production is expected to improve over Q1/17 levels."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/17)
"Energy Fuels Inc. is in good financial position to weather the current storm in the uranium market. As of its most recent quarter, the company had $23.8M in working capital and cash and cash equivalents of $12.2M; and that's before it generated another $13M in early April from the sale of 200 Klb uranium at long-term contract prices."

David Talbot, Eight Capital (5/10/17)
"While uranium prices are low, Energy Fuels Inc. is pushing to find additional opportunities from toll milling, alternate feed, pond returns and potential copper production. . .alternate feed material, specifically material from hundreds of clean-up sites, is being sought. . .alternate feed rose from 16% to 32% in Q1/17."

Rob Chang, Cantor Fitzgerald (5/9/17)
"Activities at Energy Fuels Inc.'s pipeline projects, such as Jane Dough (now fully licensed and permitted) and Canyon (completed shaft sinking and positive drill results), along with a strong current working capital position re-enforce our view that the company remains a top leverage play to the upcoming uranium recovery. We reiterate our Buy recommendation."

Joe Reagor, ROTH Capital Partners (5/9/17)
"We raised our full-year revenue and EPS estimates on Energy Fuels Inc. Additionally, we continue to believe the company is positioned for significant revenue growth once the uranium market recovers; thus, we are maintaining our Buy rating."

Rob Chang, Cantor Fitzgerald (5/8/17)
"Over the course of 2017, Energy Fuels Inc. will be earning a fee for processing approximately 1 Mlb U3O8 contained in alternate feed materials; this recovery process began in Q1/17 with the completion of 39 Klb processed material. The contract is expected to result in $6.5M in revenues for the year."

Department of Energy Secretary Rick Perry issued a determination that reduces the amount of uranium the department can transfer in 2017 and 2018; the reduction should give a boost to uranium producers.
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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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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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More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
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 – Eight Capital

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

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