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:

David Talbot, Eight Capital (11/3/17)
"Energy Fuels Inc.'s Q3/17 production of 465 Mlb U3O8 beat our 229 Mlb forecast. Production included 295 Mlb U3O8 from alternate feed at White Mesa and 170 Mlb from the Nichols Ranch in situ recovery mine. . .alternate feed production jumped eightfold quarter over quarter."

Joe Reagor, ROTH Capital Partners (11/2/17)
"On Nov. 2, 2017, Energy Fuels Inc. announced the sale of its Reno Creek project to Uranium Energy for $5.39M in cash and stock. . .the transaction reduces the financing risk for Energy Fuels in the near term. Thus, we are reiterating our Buy rating and $2.75 price target."

Rob Chang, Cantor Fitzgerald (10/26/17)
"We are maintaining a BUY recommendation for EFR. . .in the zone containing both uranium and copper, 101,000 tons of Measured and Indicated Mineral Resources are reported with an average grade of 0.86% U3O8 and 5.93% Cu, containing 1,725,000 pounds of uranium and 1,939,000 pounds of copper using a 0.36% U3O8 equivalent cut-off grade. . .uranium production from the nine header houses at Nichols Ranch amounted to 85,000 lbs during the quarter, bringing the H1/17 amount to 138,000 lbs. Production guidance for the year has been upheld at between 640,000 -675,000 lbs."

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."

One uranium producer and explorer reported Q2/17 results that led one analyst to increase its target price.
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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.
read more >

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 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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