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:

Joe Reagor, ROTH Capital Partners (7/3/18)
"On June 28, 2018, Energy Fuels Inc. announced it had raised $16M through its at-the-market program at an average price of $2.08/share between May and June of 2018. . .we are increasing our price target from $2.50 to $2.75. We are also maintaining our Buy rating as we believe the company is poised to benefit from an improving uranium market."

Maurice Jackson Mickey Fulp
Maurice Jackson of Proven and Probable explores the prospects for investment in uranium with Mickey Fulp, the Mercenary Geologist.
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Mike Kozak, Cantor Fitzgerald (6/19/18)
"We are maintaining our Buy recommendation and reinitiating/transitioning coverage on Energy Fuels Inc. with a 52-week target price of $4/share. . .for FY18 we expect U3O8 production of 460 Klb. . .vanadium production from a separate circuit at White Mesa will recommence later this year or in early 2019."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/18)
"Energy Fuels Inc. has elected to resume processing of vanadium at its White Mesa mill. With vanadium prices up over 400% over the past two years to $15/lb V2O5, management believes the time is ripe to begin tapping this resource. . .at current prices, the ponds' vanadium content could deliver $60M in topline revenue to the company."

A potential Russian backlash to U.S. sanctions could be a boon to U.S. uranium producers.
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Joe Reagor, ROTH Capital Partners (5/6/18)
"Energy Fuels Inc. announced that it completed the sale of 400 Klb uranium in April at an average price of $61.30/lb. Between this significant uranium sale and the announced closing of its Reno Creek asset sale, we estimate the company will generate $12–15M in free cash flow to replenish its balance sheet."

Under difficult uranium market conditions, this U.S. producer is capitalizing on a number of innovative opportunities.
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Brien Lundin, Gold Newsletter (Jefferson Financial) (4/1/18)
"We'll keep Energy Fuels Inc. for the long term, as few companies are better positioned to quickly monetize higher uranium prices. . .management is investigating ways to weather the storm, including finding new sources of feed for its White Mesa mill and possibly expanding into vanadium."

Joe Reagor, ROTH Capital Partners (3/18/18)
"Energy Fuels Inc. has shifted all of its remaining contracts to 2018, leaving the company completely unhedged in 2019 and beyond. . .if Section 232 is unsuccessful, the company should benefit from rising uranium prices driven by significant production cuts across the industry. However, it also has the potential to significantly increase production if the petition is successful."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Mickey Fulp, Writer – Mercenary Geologist
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Maurice Jackson
Mike Kozak, Analyst – Cantor Fitzgerald
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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