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:

"Energy Fuels Inc. is set up to be the premier U.S./North American uranium producer. It's undervalued, and that's why it's well worth putting on your radar screen. You buy at the bottom because of what you think is going to happen in the future. . .Energy Fuels has two of North America's key production centers: the White Mesa mill in Utah and the Nichols Ranch processing facility in Wyoming, which it acquired when it took over Uranerz Energy Corp. The White Mesa mill is the only conventional uranium mill operating in the U.S., and it has a licensed capacity of over 8 Mlb/year U3O8. The Nichols Ranch processing facility is an in situ recovery center with a licensed capacity of 2 Mlb. Energy Fuels has the largest NI 43-101 uranium resource portfolio in the U.S. and two producing mines." read more >

"Energy Fuels Inc.'s conventional mines in the southwestern U.S., which were placed on care and maintenance as uranium prices fell down below $60/lb U3O8, could likely see operations resume when prices climb above that level again." read more >

Eric Coffin, Hard Rock Analyst (12/31/15)
"Energy Fuels Inc. announced that its newest director, Ames Brown, has bought 1M shares in the open market and that the CEO and chief financial officer have been buying as well. . .I think the company has more upside, particularly if the uranium price gets some traction."

"Energy Fuels Inc. is the only conventional uranium producer in the U.S. and the second-largest producer overall. It has the potential become #1, given the projects and mines it has on standby or that are close to being in development. At full ramp-up we expect the company to be able to produce 5–7 Mlb/year, in a country currently producing 4–5 Mlb/year. The U.S. consumes 55 Mlb/year, but only about 10% is supplied domestically. U.S. utilities seeking security of supply will greatly prefer U.S. producers over those from Kazakhstan, Russia or Africa. This company is well positioned to benefit from higher uranium prices. We have a Buy rating with a target price of $11.85/share." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/17/15)
"Energy Fuels Inc. has sold some of its non-core uranium assets to enCore Energy and Tigris Uranium U.S. . .in exchange for the properties, the company will receive $329,960 in cash and 14,250,000 common shares of enCore. . .this rationalization of its portfolio will allow Energy Fuels to focus on more economic projects in its portfolio."

"The one uranium story that I'm following is Energy Fuels Inc. The company produces uranium from both in situ recovery (ISR) and at the White Mesa mill in Utah, the only operating conventional mill in the U.S. Energy Fuels will probably produce 700–800 Klb next year, not a big producer. It makes a little money on production and has a good working capital position. It has permitted a number of small resources close to the mill and is working on expanding ISR. . .management doesn't really want to expand production unless the uranium price moves sufficiently higher, but it is one of the few companies that it is in a position to write long-term sales contracts and deliver into them at two, three or four times its current production rate. The company is adding a couple more header houses at its ISR operation. Energy Fuels could probably take Nichols Ranch, which is the current unit, the Hank unit and Jane Doe, which it is just finishing permitting on, up to 1.5–2 Mlb per year. That would probably take a year or two, but it only makes sense to boost production at above $50/lb uranium, at a minimum. The selling that it is doing right now is on long-term contracts priced at about $55/lb. . .it has two or three smaller hard rock uranium resources in breccia pipes fairly close to its White Mesa mill. Three of those, ranging in size from 0.5, 1, 1.5 Mlb each, are already permitted. Its lead time on those is probably from three to nine months. It has a couple of larger resources as well, though they are not as far along in the permitting process. And White Mesa is permitted for 8 Mlb/year, so it's not remotely close to capacity." 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
Jeb Handwerger, Author Gold Stock Trades
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Rick Mills Ahead of the Herd
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

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