Movers and SHAKERS
Energy Fuels (UUUU)(EFR:CA)
Line of Sight Toward Commercial Mixed REE Production; Investor Webcast on December 15
As of April 24, 2020, Noble Capital Markets research on Energy Fuels is published under ticker symbols (UUUU and EFR:CA). The price target is in USD and based on ticker symbol UUUU. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Commercial production of mixed rare earth element (REE) carbonate. Energy Fuels executed a three-year agreement with The Chemours Company (NYSE, CC, Not rated) to purchase 2,500 tons of monazite sands per year. Beginning in the first quarter 2021, Energy Fuels will begin processing the monazite at its White Mesa Mill to recover uranium and produce a marketable mixed rare earth carbonate containing ~71% total rare earth oxides (TREO) ready for sale to third-party REE separation facilities. The goal is to process at least 15,000 tons of monazite per year for the recovery of REEs and uranium which would represent about 2% of White Mesa’s throughput capacity.
Moving downstream? While the company could execute sales agreements with third party separation facilities shortly, Energy Fuels is also evaluating the potential to perform REE separation at White Mesa, along with other downstream REE activities ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.