Movers and SHAKERS
Energy Fuels (UUUU)(EFR:CA)
Rare Earth Element Outtake Agreement Signed. Is This Just The Beginning?
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.
Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Energy Fuels signs Rare Earth Element (REE) Outtake Agreement with Neo Performance Materials. Neo will take 80% of the rare earth products processed from monazite sand by UUUU's White Mills plant. (See December 15, 2020 announcement regarding 3-year agreement with Chemours Co to supply monazite sands.) The agreement with NEO includes a put option for UUUU to sell the remaining 20% as well as a right of first refusal option for Neo for additional monazite purchases. The agreement will only use only 2% of White Mill capacity, leaving room to expand either monazite/rare earth operations or start up uranium operations.
What are Rare Earth Elements and Monazite Sand? Rare earth elements are 17 elements that are becoming increasingly valuable for high-tech consumer products such as cellular telephones, computer hard drives, electric and hybrid vehicles and flat-screen monitors. Demand for Thulium is especially high. Monazite sand, abundant around the world, is a reddish brown phosphate material that contains ...
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.