Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S.

Energy Fuels Inc. (NYSE: UUUU) reported Q3-2024 financial results, highlighting uranium and rare earth elements production. The company maintained a strong balance sheet with $183.16M in working capital , including $47.46M cash and no debt. Q3 saw a net loss of $12.08M , primarily due to transaction costs. The company sold 50,000 pounds of U3O8 at $80/pound, securing a new long-term uranium contract with a U.S. utility. Successfully commissioned Phase 1 REE separation circuit, producing 38 tonnes of NdPr. Completed acquisition of Base Resources, adding the Toliara heavy mineral sands project in Madagascar to its portfolio.

Positive Strong balance sheet with $183.16M working capital and zero debt

Secured new long-term uranium contract for up to 550,000 pounds delivery through 2029

Successfully commissioned Phase 1 REE separation circuit, producing 38 tonnes of NdPr Uranium spot sale of 50,000 pounds achieved 54% gross margin Significant inventory position: 1,040,000 pounds of U3O8, 905,000 […]

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