Energy Fuels banks $98.8M in working capital as it stands ready to supply uranium globally

The company noted it has several existing uranium mines on standby and significant existing inventories of company-produced, US-origin uranium At current commodity prices, Energy Fuels’ inventory has a value of $39.1 million Energy Fuels Inc. ( TSX:EFR , NYSEMKT:UUUU ) reports that it had $98.8 million of working capital, including $79.4 million of cash and marketable securities and $29.2 million of inventory, as of June 30, 2021.

In a statement, the company added that at current commodity prices, its inventory has a value of $39.1 million.

During the quarter ended June 30, 2021, Energy Fuels also noted that it incurred a net loss of $10.8 million, which included a non-cash mark-to-market increase in warrant liabilities during the quarter of $3.6 million, resulting from a significant increase in its share price.

With several existing uranium mines on standby and significant existing inventories of company-produced, US-origin uranium, the company said it continues to be […]

Click here to view original web page at www.proactiveinvestors.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.