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Is Fission Uranium (TSE:FCU) A Risky Investment?

Is Fission Uranium (TSE:FCU) A Risky Investment?

August 16, 2022 (updated August 16, 2022) Published by

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. We can see that Fission Uranium Corp. ( TSE:FCU ) does use debt in its business. But is this debt a concern to shareholders? When Is Debt Dangerous?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need […]

Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

August 16, 2022 (updated August 16, 2022) Published by

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

Corpus Christi, August 15, 2022 – Uranium Energy Corp. (NYSE American:UEC, the "Company" or "UEC") and UEX Corporation (TSX:UEX), (OTC:UEXCF), "UEX" are pleased to announce that they have entered into a further amending agreement (the "Amending Agreement") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX ("UEX Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act (the "Transaction").

Under the terms of the Amending Agreement, holders of UEX Shares ("UEX Shareholders") will now receive 0.090 of one common share of UEC (a "UEC Share") for each UEX Share held, implying consideration of […]

Uravan Announces the Purchase of Uranium Claims in Lisbon Valley

August 16, 2022 (updated August 16, 2022) Published by

CALGARY, AB, Aug. 15, 2022 /CNW/ – Uravan Minerals Inc. (TSXV: UVN) (" Uravan ") and Prime Fuels Corp (" Prime ") announce they have entered into a Share Purchase Agreement effectively dated August 9, 2022 (the " Transaction" ) which sets forth the terms and conditions upon which Uravan will acquire Prime and its 100% owned mining projects located in Lisbon Valley Mining District (the "Lisbon Valley District" ) Utah, USA.

Prime is a private company incorporated under the laws of the State of Colorado and is the recorded and beneficial owner of a 100% interest in certain unpatented lode mining claims (the " Claims ") situated in the State of Utah, USA. The Claims consist of two groups, the LS and JB mining claims, totalling 107 claims covering approximately 2,211 acres (895 ha) in the Lisbon Valley District, south-eastern Utah.

The Lisbon Valley District is in the Colorado Plateau […]

UEX Announces Further Amended Arrangement Agreement with Uranium Energy Corp.

August 16, 2022 (updated August 16, 2022) Published by

Recommends Vote in Favour of UEC Arrangement

The following represents a summary of the key amendments set forth in the Amended UEC Agreement: UEX Shareholders will now receive 0.09 UEC Shares for each UEX Share, implying consideration of approximately C$0.497 per UEX Share based on the closing price of UEX Shares and UEC Shares on the Toronto Stock Exchange and the NYSE American Exchange, respectively, and the spot exchange rate as of August 12, 2022, replacing the previous exchange ratio of 0.0890 UEC Shares for each UEX Shares as agreed to in the UEC Agreement; and

a further increase in the termination fee payable to UEC if the UEC Agreement is terminated in certain circumstances, including if UEX enters into an agreement with respect to a superior proposal or if the Board of Directors of UEX (the Board”) withdraws its recommendation with respect to the UEC Arrangement, from US$8,800,000 […]

Lotus Resources: Kayelekera a ‘Low-Cost, Quick Restart Asset’

Lotus Resources: Kayelekera a ‘Low-Cost, Quick Restart Asset’

August 15, 2022 (updated August 15, 2022) Published by

Lotus Resources [ ASX:LOT ] released its DFS, ‘ confirming Kayelekera as a low-cost, quick restart uranium operation. ‘

The share price for the uranium stock was largely flat on Thursday.

While LOT shares are up 50% over the past 12 months, they are down 25% year to date. www.tradingview.com DFS validates Kayelekera uranium

On Thursday morning, Lotus Resources brought out the latest results for its DFS (Definitive Feasibility Study) on the restart of the Kayelekera Uranium Project in Malawi.Lotus revealed that the DFS findings paint Kayelekera Uranium as ‘ one of the lowest capital cost uranium projects globally ’ — one that will only take 15 months to rebuild.Pending a FID (Final Investment Decision), the company will be boosting engagements with nuclear energy utilities, exploring funding avenues, and moving forward with offtake options. Kayelekera Uranium breakdown The mine has an ore reserve estimate of 15.9Mt (metric tonnes) […]

Peninsula Energy’s (ASX:PEN) Lance DFS highlights potential as globally unique uranium operation

Peninsula Energy’s (ASX:PEN) Lance DFS highlights potential as globally unique uranium operation

August 15, 2022 (updated August 15, 2022) Published by

Peninsula Energy’s (PEN) definitive feasibility study (DFS) positions its Lance projects, in Wyoming, as a globally competitive in-situ recovery (ISR) uranium operation

The company completed a DFS for the Ross and Kendrick production areas, which have a resource totalling 21.8 million pounds of uranium oxide

The DFS outlines a life of mine production of 14.4 million pounds of uranium over 14 years and gross revenue of US$895 million (A$1.2 billion)

MD and CEO Wayne Heili says the company has a “unique competitive advantage” in being the only US-based uranium company using the low pH ISR method A final investment decision on the project will be made by the end of the year PEN shares drops 10 per cent to trade at 18 cents per share as of 1:19 pm AEST Peninsula Energy’s (PEN) definitive feasibility study (DFS) has positioned its Lance projects, in Wyoming, as a globally competitive in-situ […]

Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

August 15, 2022 (updated August 15, 2022) Published by

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

CORPUS CHRISTI, Texas and SASKATOON, SK, Aug. 15, 2022 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") and UEX Corporation (TSX: UEX) (" UEX ") are pleased to announce that they have entered into a further amending agreement (the " Amending Agreement ") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX (" UEX Shares ") by way of a statutory plan of arrangement (the " Arrangement ") under the Canada Business Corporations Act (the " Transaction ").

Under the terms of the Amending Agreement, holders of UEX Shares (" UEX […]

Peninsula Energy’s definitive feasibility study positions Lance projects as globally competitive ISR uranium operations

August 15, 2022 (updated August 15, 2022) Published by

The Ross Process Plant at the Lance Projects, Wyoming USA Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has released a definitive feasibility study (DFS) demonstrating a robust economic case for the company’s three Lance In-situ Recovery (ISR) Uranium Projects – Ross, Kenrick and Barber – in Wyoming, United States.

Peninsula has been transitioning its Lance projects from an alkaline ISR method to a low-pH recovery operation, which has the potential to increase uranium recoveries without compromising the public health, worker safety or the environment.

In total the projects hold some 53.7 million pounds of JORC-compliant uranium resource.

The DFS includes only the Ross and Kendrick resources, which total 21.8 million tonnes, highlighting the potential for future growth. “Unique competitive advantage” “We have been focused on methodically and efficiently applying the low pH ISR process to our flagship project,” Peninsula Energy managing director and CEO Wayne Heili said.“Peninsula has a unique competitive advantage in being […]

Uranium Energy Corp Confirms Intention to Acquire UEX Corporation

August 15, 2022 (updated August 15, 2022) Published by

NYSE American: UEC

More than 38% of eligible UEX securities have already been tendered, as of this press release, with an overwhelming 93.7% voting in favour of the UEC transaction.

UEC offer of C$0.49 per UEX share is financially superior to the Acquisition Proposal submitted by Denison.

CORPUS CHRISTI, Texas, Aug. 5, 2022 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") announces that, further to its news release of July 28, 2022, it has advised UEX Corporation (" UEX ") that it is submitting a superior offer to the acquisition proposal made by Denison Mines Corp. (" Denison ") on July 28, 2022 (the " Denison Proposal ") for all of the issued and outstanding shares of UEX (" UEX Shares ").Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares […]

Uranium Energy Corp Confirms Intention to Acquire UEX Corporation

August 14, 2022 (updated August 14, 2022) Published by

NYSE American: UEC

More than 38% of eligible UEX securities have already been tendered, as of this press release, with an overwhelming 93.7% voting in favour of the UEC transaction.

UEC offer of C$0.49 per UEX share is financially superior to the Acquisition Proposal submitted by Denison.

CORPUS CHRISTI, Texas, Aug. 5, 2022 /PRNewswire/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") announces that, further to its news release of July 28, 2022, it has advised UEX Corporation (" UEX ") that it is submitting a superior offer to the acquisition proposal made by Denison Mines Corp. (" Denison ") on July 28, 2022 (the " Denison Proposal ") for all of the issued and outstanding shares of UEX (" UEX Shares ").Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares […]

NA Proactive news snapshot: Nomad Royalty, Logiq, TNR Gold, Blue Sky Uranium, Sidus Space, Bridgeline Digital, Silvercorp Metals UPDATE …

August 14, 2022 (updated August 14, 2022) Published by

Your daily round-up from the world of Proactive Nomad Royalty Company Ltd announced it has received approval for its acquisition by Sandstorm Gold Ltd (TSX:SAND) from the Superior Court of Quebec. The court issued a final order approving the previously announced acquisition by way of a plan of arrangement in accordance with the Canada Business Corporations Act. Under the terms of the arrangement, Sandstorm will acquire all of the outstanding shares of Nomad for a consideration of 1.21 Sandstorm shares per Nomad share.

Logiq Inc posted second-quarter financial results that demonstrated that the digital consumer acquisition solutions company continued to pivot to higher-margin opportunities. For the period ended June 30, 2022, the New York-based company reported consolidated revenue of $4.9 million, down 40.4% from $8.3 million in 2Q 2021. Logiq explained that the revenue dip was due to a strategic shift to pursue a higher gross margin business, which resulted […]

Up 26% in a month, is the Paladin Energy share price on the comeback trail?

Up 26% in a month, is the Paladin Energy share price on the comeback trail?

August 14, 2022 (updated August 14, 2022) Published by

The Paladin Energy Ltd (ASX: PDN) share price has gained 26.2% this past month as it makes a steep recovery from being down 20.53% year to date.

Shares in the uranium miner were trading 3.25% lower at 75 cents apiece at the close on Friday. But from a wider viewpoint, the Paladin Energy share price is outperforming the S&P/ASX 200 Energy Index (ASX: XEJ), up just 5.80% over the past month.

Let’s find out what might be driving the recent rally. Paladin restarts the Langer Henrich uranium mine

One major development stands out amid the Paladin Energy share price climb over the past month.In July, my Foolish colleague Bernd Struben reported that Paladin would restart uranium production in its Langer Henrich mine, located off Africa’s southwest coast in Namibia.Paladin’s profile on the Langer Henrich mine states it was placed under maintenance in May 2018 due to “unfavourable market conditions”. Cameco reported […]

Traction Uranium : FY2022 Q1 Management's Discussion and Analysis

Traction Uranium : FY2022 Q1 Management’s Discussion and Analysis

August 12, 2022 (updated August 12, 2022) Published by

TRACTION URANIUM CORP.

(Formerly Traction Exploration Inc.)

Management’s Discussion and Analysis

For the Three Months Ended December 31, 2021Prepared as of February 28, 2022Management’s Discussion and AnalysisFor the Three Months Ended December 31, 2021 Prepared as of February 28, 2022The following management’s discussion and analysis ("MD&A") has been prepared by management. The following discussion of performance, financial condition and future prospects should be read in conjunction with the audited financial statements for the year ended September 30, 2021 and the unaudited condensed interim financial statements for the three months ended December 31, 2021 of Traction Uranium Corp. (formerly Traction Exploration Inc) ("Traction" or the "Company") and notes thereto. The information provided herein supplements but does not form part of the financial statements. This discussion covers the three months ended December 31, 2021 and the subsequent period up to the date of issue of this MD&A. Unless otherwise noted, all dollar amounts are […]

DFS confirms Kayelekera as a low-cost, quick restart uranium operation

DFS confirms Kayelekera as a low-cost, quick restart uranium operation

August 12, 2022 (updated August 12, 2022) Published by

Kayelekera Mine Site Lotus Resources has announced the results from the DFS for the restart of the Kayelekera Uranium Project in Malawi.

The restart DFS has confirmed Kayelekera ranks as one of the lowest capital cost uranium projects globally whilst also having the ability to quickly recommence production (15 months development for construction/refurbishment) once a Final Investment Decision (FID) has been made.

The Company’s focus is now on accelerating engagement with the various nuclear energy utilities and securing offtake agreements with the necessary volumes and pricing mechanisms to support the restart of Kayelekera whilst also considering various financing options to fund the restart.

RELATED: Government support to recommence production at Lotus’ Kayelekera Uranium resource surges following inaugural resource at Livingstonia Keith Bowes, MD of Lotus, commented:“Having an asset with low technical risk and low restart capital, which can quickly commence production, are key characteristics that investors look for in […]

Goyder closes in on hat-trick with NT uranium hunt

Goyder closes in on hat-trick with NT uranium hunt

August 12, 2022 (updated August 12, 2022) Published by

With the Chalice and Liontown discoveries under his belt, and the top Diggers award to boot, Tim Goyder is threatening to strike it rich again. Plus, $17m Bellavista calls in a second rig after seeing core from the first two holes at its Brumby zinc-silver-lead project in WA.

Lots of awards are given out at the annual Diggers & Dealers bash in Kalgoorlie but there is one that stands above the rest – the GJ Stokes Memorial Award.

It is named in honour of Geoff Stokes who started the D & D ball rolling back in 1992 in the front bar of the Palace Hotel, and it is awarded to someone who has made a significant and lasting contribution to the mining industry.

This year’s winner was Tim Goyder, the farmer-come-driller, come long-time backer of junior exploration companies.It was well deserved too given the stellar performance in the past couple of […]

RADIOACTIVE

RADIOACTIVE

August 12, 2022 (updated August 12, 2022) Published by

As per the latest investigation conducted by the Central Ground Water Board (CGWB), groundwater in Bengaluru’s urban and rural areas is partly affected by the heavy metal uranium with a concentration of more than 30 µg/L (micrograms/litre).

The occurrence of uranium in groundwater beyond the permissible limit has also been observed in Ballari, Kalaburagi, Kolar, Mandya, Raichur and Tumkur districts in Karnataka.

For the study, 737 water samples from groundwater monitoring stations across the state were collected. The results showed the concentration of uranium ranging from 0.0 to 201.01 µg/L with an average concentration of 4.22 µg/L. The maximum value of uranium observed was 201.1 µg/L.

Out of the 737 wells, 14 wells (2%) exceeded the WHO permissible limit of 30 µg/L, which were from the districts of Bengaluru Urban, Bengaluru Rural, Kalaburagi, Mandya, Raichur, Tumkur, Ballari and Kolar. The highest value of 201.01 µg/L was recorded at Chintamani, Chintamani tehsil of […]

Uranium and gas big winners from Europe’s energy backflip

Uranium and gas big winners from Europe’s energy backflip

August 11, 2022 (updated August 11, 2022) Published by

A sea change is underway in the energy sector as some commodities previously consigned to the investment sin bin are reclassified. Uranium and natural gas are coming in from the cold with potentially profound implications for investors.

Despite being two of the most efficient sources of relatively low pollution energy, both uranium and gas have been treated as enemies of the environment – putting them off limits to some fund managers.

The reality of energy-starved Europe, and power-hungry Asia, is changing that narrative and turning assets recently seen as unsuitable in an ethically-focused portfolio into desirable investments.

This is thanks largely to a clerical adjustment in defining what’s “good” energy.Technically what’s happened is that the European Union (EU) has turned to the obscure world of “taxonomy”, the business (or science) of naming and classifying things into groups with common roots.Until recently uranium and gas were lumped into a set which included oil […]

Lotus Resources’ DFS ranks Kayelekera uranium project amongst world’s lowest capital cost developments

Lotus Resources’ DFS ranks Kayelekera uranium project amongst world’s lowest capital cost developments

August 11, 2022 (updated August 11, 2022) Published by

Lotus Resources ASX LOT Kayelekera Mine Site Definitive Feasibility Study restart uranium low cost A restart definitive feasibility study for Lotus Resources’ (ASX: LOT) Kayelekera uranium project in Malawi has ranked it as one of the lowest capital cost projects of its kind in the world.

It also confirmed the project has the ability to recommence production within 15 months once a final investment decision has been made.

The study is underpinned by an ore reserve estimate of 15.9 million tonnes at 660 parts per million for 23 million pounds of uranium oxide.

Uranium produced in the mine plan is based on 96% reserves and 4% inferred resources.A short road to restart will result in an average production of 2.4Mlbs uranium oxide per year for the first seven years of a 10-year mine life.Lotus is now focused on accelerating engagement with nuclear energy utilities, arranging financing options and securing offtake agreements to […]

Lotus Resources’ DFS to restart Kayelekera Uranium Project in Malawi demonstrates low costs and high ESG credentials

August 11, 2022 (updated August 11, 2022) Published by

The Kayelekera mine site in Malawi. Lotus Resources Ltd (ASX:LOT) says the results from its definitive feasibility study (DFS) are in and the numbers stack up to restart the Kayelekera Uranium Project in Malawi.

According to the DFS, Kayelekera ranks as one of the lowest capital cost uranium projects globally, with a low initial capital cost of US$88 million, an initial capital intensity of US $37 per pound and an average production of 2.4 million pounds U308 (ASX:UTO) per annum for the first seven years over a 10-year life-of-mine. Short restart timeline

The mine is also able to quickly restart production over a timeline of about 15 months for construction and refurbishment once a final investment decision (FID) has been made.

The restart DFS is underpinned by an ore reserve estimate of 15.9 million tonnes at 660 parts per million (ppm) U3O8 for 23 million pounds U3O8.The uranium produced in the […]

ENCORE ENERGY CONFIRMS U.S. COURT OF APPEAL DECISION AFFIRMING THE DEWEY BURDOCK LICENSE TO EXTRACT URANIUM

August 10, 2022 (updated August 10, 2022) Published by

TSX.V:EU
OTCQB: ENCUF
www.encoreuranium.com

CORPUS CHRISTI, Texas, Aug. 10, 2022 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ") (TSXV: EU) (OTCQB: ENCUF ) today announced a panel of the U.S. Court of Appeals for the Circuit of the District of Columbia issued an opinion in a case brought by the Oglala Sioux Tribe against the U.S. Nuclear Regulatory Commission (NRC). The Oglala Sioux Tribe had challenged the NRC’s decision to grant Powertech Uranium (USA), Inc. (Powertech), a wholly-owned subsidiary of enCore Energy Corp. (enCore), a license to extract uranium at its Dewey Burdock In-Situ Recovery ("ISR") Uranium Project in South Dakota. Today the panel ruled that the NRC’s actions were lawful, affirming its decision to issue the license to Powertech.

To view the Opinion, which may be appealed by the Oglala Sioux Tribe, please visit: https://www.cadc.uscourts.gov/internet/opinions.nsf/E4FBC75E78CE05F08525889900538B63/$file/20-1489-1958435.pdf The Dewey Burdock Project, South Dakota The […]

A uranium ghost town in the making

A uranium ghost town in the making

August 10, 2022 (updated August 10, 2022) Published by

The Uneva Uranium Mine in Utah. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox .

The “death map” tells the story of decades of sickness in the small northwest New Mexico communities of Murray Acres and Broadview Acres. Turquoise arrows point to homes where residents had thyroid disease, dark blue arrows mark cases of breast cancer, and yellow arrows mean cancer claimed a life.

Neighbors built the map a decade ago after watching relatives and friends fall ill and die. Dominating the top right corner of the map, less than half a mile from the cluster of colorful arrows, sits what residents believe is the cause of their sickness: 22.2 million tons of uranium waste left over from milling ore to supply power plants and nuclear bombs.

“We were sacrificed a long time ago,” said Candace Head-Dylla, […]

Power Metal Unchanged On Uranium Update – What Will It Take To Move It?

August 10, 2022 (updated August 10, 2022) Published by

Key points:

Power Metals Resources updates on the uranium portfolio

POW shares seem to do nothing in response

Why is this, why doesn’t news move the share price? Power Metal Resources (LON: POW) shares are unchanged on an update on the uranium exploration portfolio which does lead to the question – what will it take to move POW substantially? For we’ve clearly got increasing interest in nuclear power, in sourcing from North America and a rising uranium price. Why is this not being reflected in the share price of a would be uranium miner?There are a couple of answers to this both of which weigh down on the Power Metal share price . There’s also a third which is of lesser influence but must still be thought about. That third is just that there are many people out there looking for uranium. There are many places […]

Release - Energy Fuels Announces Q2-2022 Results, Including Continued Robust Balance Sheet And Market-Leading U.S. Uranium And Rare Earth Positions

Release – Energy Fuels Announces Q2-2022 Results, Including Continued Robust Balance Sheet And Market-Leading U.S. Uranium And Rare Earth Positions

August 10, 2022 (updated August 10, 2022) Published by

Investing News Network

08 August

Energy Fuels reported 2022-2Q results in line with expectations, absent mark-to-market losses. The company reported a loss of $18.1 million or $0.11 per share. However, that included a $13.4 million negative mark to market of the value of investments. Absent that charge, adjusted net income would have been a loss of $4.7 million, or $0.03 per share, vs. our forecast for a loss of $8.6 million, or $0.06 per share. Vanadium and Rare Earth Element (RRE) sales are modest but poised to expand. The company sold 575,000 lbs. of vanadium, almost twice our forecast at an average price of $13.44/lb. Pricing has dropped so the company has discontinued sales. UUUU sold 205 tonnes of RRE, in line with expectations and pricing. Energy Fuels continues to make strides towards assuring RRE supply and developing circuits to separate heavy and light RRE at its White Mesa […]

Denison Reports Financial and Operational Results for Q2 2022, Including Uranium Sales from Production at $74.65 per lb U3O8

August 10, 2022 (updated August 10, 2022) Published by

TORONTO, Aug. 4, 2022 /CNW/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML ) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended June 30, 2022. Both documents will be available on the Company’s website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. PDF Version Denison Reports Financial and Operational Results for Q2 2022, Including Uranium Sales from Production at $74.65 per lb U3O8 (CNW Group/Denison Mines Corp.) David Cates, President and CEO of Denison commented, "During the second quarter, Denison capitalized on rising uranium prices with the sale of the Company’s share of Canadian-origin production received from the successful SABRE mining test […]

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Reports Second Quarter 2022 Results

August 9, 2022 (updated August 9, 2022) Published by

Get inside Wall Street with StreetInsider Premium . Claim your 1-week free trial here .

Energy Fuels (NYSE American: UUUU) (TSX: EFR) , the leading uranium producer in the United States, has filed its Q2 2022 financial results for the period ended June 30, 2022; the company also scheduled a webcast to discuss those results. The webcast is slated for Aug. 9, 2022, at 4 p.m. EDT. Highlights of the report show that Energy Fuels has a robust balance sheet with $134.1 million of working capital; total includes $86.4 million in cash and cash equivalents, $11.8 million marketable securities and $28.6 million of inventory with no debt; the report noted that at current commodity prices, the company’s product inventory has a value of $43.9 million. The report also stated that UUUU incurred a net loss of $18.1 million, including a noncash, mark-to-market decrease in the value of investments.

Corporate […]

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