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:

A ROTH Capital Partners analyst reported his main conclusions following a visit to this energy firm's mill.
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Joe Reagor, ROTH Capital Partners (9/25/17)
"On Sept. 21, 2017, we attended an open house tour of Energy Fuels Inc.'s White Mesa mill in Utah. Our biggest takeaway from the visit was that the company's potential to grow alternative feed revenue is larger than we previously thought although it may be difficult to precisely quantify this potential today; thus, we are reiterating our Buy rating."

Heiko Ihle, H.C. Wainwright & Co. (8/28/17)
"On Aug. 23, 2017, Energy Fuels Inc. announced a new resource estimate for its Canyon mine; the new estimate resulted in the addition of approximately 1 Mlb uranium while also converting a large portion of Inferred resources to the Measured and Indicated categories. We note that a substantial copper resource was also included in the estimate."

Rob Chang, Cantor Fitzgerald (8/23/17)
"Energy Fuels Inc. announced a new estimate for uranium and copper resources at the Canyon mine; the resource update increased uranium resources by nearly 1 Mlb U3O8 while migrating nearly all resources to the Measured and Indicated category. In addition, the inclusion of about 12 Mlb copper changes the economics of the project."

David Talbot, Eight Capital (8/11/17)
"We reiterate a Buy recommendation for Energy Fuels Inc. with a target price of CA$3.75/share. . .the company began to rally itself over the past two months despite little directionality in spot prices. . .adjusted Q2/17 earnings per share was in line with our forecast and beat Street forecasts."

One uranium producer and explorer reported Q2/17 results that led one analyst to increase its target price.
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Rob Chang, Cantor Fitzgerald (8/8/17)
"Energy Fuels Inc.'s Q2/17 revenues and earnings beat our estimates due to earlier than expected deliveries of uranium in the quarter; production guidance for FY17 was maintained at between 640–675 Klb. We maintain our Buy recommendation and are increasing our target price to $4.25/share."

Joe Reagor, ROTH Capital Partners (8/7/17)
"Energy Fuels Inc. plans to release a resource estimate for its Canyon project during Q3/17. We believe this could be a positive catalyst for the company as it should provide an initial copper resource estimate and provide additional insight into the potential of the project."

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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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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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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