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:

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/1/17)
"Energy Fuels Inc. plans to reduce production in 2017 while maintaining its focus on prepping its Canyon Mine for eventual production. The company's share price has held on to the gains it made in the aftermath of the Trump election, but it continues to trade at attractive levels for long-term accumulation."

Analysts watching the uranium market agree that as prices for U3O8 turn around, Energy Fuels' U.S.-based assets, including its conventional and in-situ recovery operations at the Canyon Mine and Nichols Ranch, respectively, make it a good bet for investors. The company's management team and directors must agree because they have upped their share ownership.
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David Talbot, Eight Capital (3/23/17)
"Federal approval for both Energy Fuels Inc.'s Jane Dough well field (the Environmental Protection Agency's aquifer exemption) and an amended license to connect Jane Dough to the Nichols Ranch plant (U.S. Nuclear Regulatory Commission's source material license) are now complete. . .this eliminates permitting-related derisking of its Wyoming in situ recovery (ISR) pipeline for several years and helps low cost ISR production to displace higher cost conventional."

Rob Chang, Cantor Fitzgerald (3/23/17)
"Energy Fuels Inc. has announced that it has received the final amendment to the source material license from the U.S. Nuclear Regulatory Commission allowing for the expansion of the Nichols Ranch in situ recovery project. . .the expansion into Jane Dough allows for future long run production or upside optionality. Note that the total licensed capacity at the Nichols Ranch plant is for 2 Mlb/year."

Eric Coffin, Hard Rock Analyst (3/19/17)
"Energy Fuels Inc. exited 2016 with working capital of $24M including $16.9M in cash and equivalents. . .for 2017, the company estimates uranium production of 350 Klb from its in situ recovery production at Nichols Ranch and 550 Klb from the White Mesa mill from conventional milling, tailings reprocessing and treatment of third party material."

Rob Chang, Uranium Investing News (3/16/17)
"Energy Fuels Inc. is one of our favorite names. It's the best leveraged to the uranium price, in our opinion, the reason being is that it has the capability to produce anywhere between 3 and maybe 7 Mlb, depending on what the uranium price is. . .the company has many assets on standby that can turn on so when the prices go up, it will be in a good position to capitalize."

Joe Reagor, ROTH Capital Partners (3/10/17)
"We believe Energy Fuels Inc. will benefit from industry production cuts and a rising uranium price. . .we believe the Canyon mine could provide significant catalysts for the company throughout 2017. We anticipate Energy Fuels will release an updated technical report on the resource estimate at the project in the middle of this year."

In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
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Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment.
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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
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Mazumdar Exploration Insights
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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