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:

"One of the companies I've recommended for a while is Energy Fuels Inc. The company is a fairly diversified producer and is the second largest producer in North America. It's one of the survivors from the uranium mania that we had about 10 years ago. Energy Fuels acquired other junior companies over the years and has built up a remarkable portfolio of producing and near-production assets. Because it's in production right now, it can benefit immediately from rising uranium prices. It also has a number of projects that it can bring on-line fairly quickly to also give it upside leverage. So I really like Energy Fuels." read more >

Brent Cook, Exploration Insights (4/10/16)
"We continue to be positive on the potential upside embedded in this U.S.-based uranium producer that would be triggered in a rising uranium price environment. . .we maintain our positive sentiment on [the uranium market's] supply-and-demand fundamentals, [which] will eventually favorably impact both the spot and long-term U3O8 price. . .this should favor marginal producers with excess capacity such as Energy Fuels Inc. . .the company generated US$61M in gross revenue, up 33% year-on-year. . .Energy Fuels is in the process of acquiring Mesteña Uranium, which owns the Alta Mesa Project and processing facility in Texas. The transaction is expected to close in early May 2016."

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/1/16)
"Few uranium companies are better positioned than Energy Fuels Inc. to leverage a rising uranium price environment, when it materializes. The company made a flurry of news this month, including a key in-situ recovery acquisition in Texas, a boosting of its interest in the Roca Honda project to 100%, a successful equity financing and the release of 2015 financials. . .the good news for investors is that Energy Fuels has all the tools to crank up production once higher prices arrive. . .the pullback in the share price makes now a good time to build or add to your position."

Heiko Ihle, Rodman & Renshaw (3/17/16)
"On March 16, 2016, Energy Fuels Inc. announced FY15 results. During the year, the firm sold approximately 1.1 Mlb uranium for $61.4M, ahead of our revenue estimate of $54.7M and 2014 revenues of $46.3M. . .Energy Fuels reported a gross operating profit of $23.7M, or 39%."

Brent Cook, Exploration Insights (3/13/16)
"On March 7, Energy Fuels Ltd. announced its intention to acquire Mesteña in an all share transaction. . .two days after the acquisition announcement the company let the market know that it was raising $10.5M via the sale of 4.375M units priced at $2.40/unit. . .the funds will be used for the following: well field construction at the Nichols Ranch in Wyoming; shaft sinking at the Canyon mine in Arizona; additional funds to advance the Alta Mesa project; and cash for the acquisition of the remaining 40% of Roca Honda."

Colin Healey, Haywood Securities (3/8/16)
"Energy Fuels Inc. has signed a definitive agreement to acquire Mesteña Uranium. . .Mesteña's Alta Mesa project is fully licensed and permitted for production of up to 1.5 Mlb/year U3O8. . .a considerable derisking factor of the acquisition lies in Energy Fuels' in-house expertise of the target assets. Paul Goranson, the company's current executive vice president of in situ recovery operations in Wyoming, was previously in charge of operations at the Alta Mesa project in Texas for some time."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Brent Cook, Analyst, Geologist Exploration Insights
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, the company and other contributors.

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