Movers and SHAKERS
Energy Fuels Inc. (UUUU)
Is Relief for the Uranium Industry Imminent?
Energy Fuels Inc together with its subsidiary is engaged in the extraction and recovery of uranium properties in the United States. The company operates in two segments, ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming. It conducts its conventional uranium extraction and recovery activities through its White Mesa Mill. In addition, the group also owns uranium and uranium, vanadium properties and projects in various stages of exploration, permitting, and evaluation. Energy Fuels derives most of the income through the sale of Uranium.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
U.S. Nuclear Fuel Working Group recommendations. While it has been reported that the working group submitted recommendations to the President in November, they have not been made public. In our view, the President is more likely to make a policy decision and use the working group recommendations as the basis for decision-making rather than publishing the working group recommendations ahead of a decision.
Probable outcomes. What seems most likely, at the very least, is a commitment by the U.S. government to purchase domestically mined uranium over a multi-year period to build reserves. However, the minimum price point is a crucial detail and we also believe that additional...
This 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.