Energy Fuels Announces Q2-2024 Results Including Uranium Mining and Successful Commissioning of Commercial Rare Earth Separation

Energy Fuels Inc. (NYSE American: UUUU) reported Q2-2024 results, highlighting uranium mining and successful commissioning of commercial rare earth separation . Key points include:

1. Robust balance sheet with over $200 million in liquidity and no debt
2. Uranium sales of 100,000 pounds at $85.90/lb, generating $8.59 million in revenue
3. New long-term uranium contract with a U.S. utility for up to 550,000 pounds
4. Successful commissioning of Phase 1 REE separation circuit , producing ‘on-spec’ separated NdPr
5. Plans to ramp up uranium production to 1.1-1.4 million pounds annually by late-2024 6. Agreements to add two world-scale rare earth and heavy mineral sand projects to portfolioThe company is positioning itself as a critical minerals producer for the energy transition, focusing on uranium, rare earth elements, and heavy mineral sands.Positive Robust balance sheet with $200.94 million working capital and no debt Uranium sales of 100,000 pounds generating $8.59 million revenue […]

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