Energy Fuels selling vanadium inventory, eyes uranium contracts

Energy Fuels selling vanadium inventory, eyes uranium contracts

The White Mesa mill in Utah The White Mesa mill in Utah US-based Energy Fuels believes the next upward cycle for vanadium may have begun and has started selling some of its 1.65-million-pound inventory, while it is also actively pursuing uranium sales contracts.

The company, which also produces rare earth elements (REE), explains that in 2019 it built a significant inventory of vanadium to sell into the abrupt upside price volatility that vanadium markets experience, most recently in late 2018. CEO Mark Chalmer says the next upward cycle may have begun with prices having risen sharply in the first months of 2022, following a 62% increase in vanadium oxide (V 2 O 5 ) prices last year. At current prices, the vanadium inventory is worth about $20.2-million.

While no vanadium production is planned for 2022, the company is evaluating the potential to resume production from the White Mesa mill’s pond solutions […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet