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:

Rob Chang, Cantor Fitzgerald (7/21/15)
"Following the previously granted approvals from the U.S. Nuclear Regulatory Commission and the Wyoming Department of Environmental Quality, the issuance of the final environmental assessment and the approval of the plan of operations represented the final major regulatory approval required for Energy Fuels Inc.'s Hank Unit. The approvals at the Hank Unit demonstrate the near term scalability of Energy Fuels' assets. We continue to forecast production out of Hank to begin in 2017."

David Talbot, Dundee Capital Markets (7/21/15)
"We reiterate our Buy recommendation for Energy Fuels Inc. and increase our price target by CA$0.30/share to CA$9.60/share. . .the U.S. Bureau of Land Management issued the Hank ISR project's final environmental assessment and granted its approval for the final plan of operations. This is positive news, and short of acceptable pump tests, allows full production from the Hank roll front uranium deposit, when prices warrant."

Colin Healey, Haywood Securities (7/21/15)
"Energy Fuels Inc. has received the final environmental assessment for the Hank Unit from the U.S. Bureau of Land Management (BLM), and with that, the BLM has granted its final approval for Energy Fuel's Plan of operations for the Hank Unit, which is proximal to the company's initial ISR production areas at the Nichols Ranch project, Wyoming, and the next in our modeled mining sequence for Nichols Ranch. . .the Hank Unit final approval is a clear positive, allowing for full flexibility in planning and development of the next stages of ISR production, and ensuring the company has the potential to match our assumptions."

Joe Reagor, ROTH Capital Partners (7/16/15)
"Energy Fuels Inc. announced it had received approval from the state of Wyoming for a revision to its existing mining permit for its Sheep Mountain project. We view this as a positive step for the company and we continue to believe Energy Fuels is positioned to grow production once uranium prices recover further. We are maintaining our Buy rating and $7.25/share price target."

David Talbot, Dundee Capital Markets (7/16/15)
"Energy Fuels Inc.'s next and largest pipeline project has received its mine permit. This is a significant milestone as Sheep Mountain represents 30% of our net asset value for the company's stock. It hosts 30.3 Mlb U308 and an April 2012 preliminary feasibility study suggests 1.5 Mlb per year over the 15-year life of mine. . .the U.S. Bureau of Land Management must complete the environmental impact statement (EIS). . .a draft EIS was issued January 2015, and the final EIS is due mid-2016."

Colin Healey, Haywood Securities (7/16/15)
"Energy Fuels Inc.'s advancing permitting for Sheep Mountain (100% owned) is an obvious positive. Receiving approval for the requested revisions to the mine permit from the state of Wyoming highlights ongoing jurisdictional support from the state, and further solidifies Sheep Mountain's development potential in the future as the company continues to derisk the project."

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
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
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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