Tuesday, September 22, 2020
Energy Fuels (UUUU)(EFR:CA)
UUUU to Participate in Government Funded Rare Earths Initiative
As of April 24, 2020, Noble Capital Markets research on Energy Fuels is published under ticker symbols (UUUU and EFR:CA). The price target is in USD and based on ticker symbol UUUU. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.
Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Evaluating rare earth oxides from coal-based resources. Energy Fuels is expected to receive a grant, for which it applied in June 2020, from the U.S. Department of Energy’s Office of Fossil Energy and the National Energy Technology Laboratory to collaborate with Pennsylvania State University to evaluate and develop a conceptual design to commercially produce mixed rare earth oxides from coal-based resources. Depending on the outcome, the Department of Energy has an option to award a contract funding the development of a feasibility study.
Advancing the company’s rare earth strategy. In our view, the initiative offers an exceptional opportunity for Energy Fuels to advance its rare earth strategy and, if successful, the potential for future collaboration with the U.S. government, including other agencies such as the Department of Defense. Additionally, producing rare earth oxides from coal-based resources would expand the available …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.