Monday, June 1, 2020

Energy Fuels (UUUU)(EFR:CA)

Reinforcing its Role in the U.S. Critical Minerals Supply Chain

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, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Department of Energy update on nuclear leadership strategy. The U.S. Department of Energy hosted a webinar on Friday, May 29 to discuss the Trump Administration’s strategy to restore American nuclear leadership. While the discussion did not provide much in the way of new information, it served to reaffirm the strategic importance of the front end of the nuclear fuel cycle and a desire to revive and strengthen the domestic uranium mining industry.

Energy Fuels evaluates feasibility of processing rare earth elements (REE). While Energy Fuels’ primary business is uranium production and mining, the company is evaluating the expansion of its mission to include processing rare earth elements to enhance the domestic supply chain for critical minerals and...

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.