Sector: Energy | Industry: Uranium |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 225 Union Blvd Ste 600 LAKEWOOD CO 80228-1826 |
Tel: | N/A |
Website: | https://www.energyfuels.com |
IR: | See website |
Key People | ||
Mark Stephen Chalmers President, Chief Executive Officer, Director | Nathan Bennett Interim Chief Financial Officer, Chief Accounting Officer | David C. Frydenlund Executive Vice President, Chief Legal Officer and Corporate Secretary |
Curtis H. Moore Vice President - Marketing and Corporate Development | Scott A. Bakken Vice President - Regulatory Affairs | Dee Ann Nazarenus Vice President - Human Resources and Administration | Julia C. Hoffmeier Corporate Counsel and Assistant Corporate Secretary |
Business Overview |
Energy Fuels Inc. is a critical minerals company. The Company is a producer of uranium in the United States. It mines uranium and produces natural uranium concentrates that are sold to nuclear utilities to produce carbon-free nuclear energy. The Company is engaged in the production of advanced rare earth elements (REE) materials, including mixed REE carbonate. It also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. The Company holds two uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The White Mesa Mill is a conventional uranium mill operating in the US, and has a licensed capacity of over 8 million pounds of triuranium octoxide (U3O8) per year. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. It also has the Bahia Project in Brazil. |
Financial Overview |
For the three months ended 31 March 2024, Energy Fuels Inc revenues increased 30% to $25.4M. Net income decreased 97% to $3.6M. Revenues reflect Uranium concentrates increase of 37% to $25.3M. Net income was offset by Gain on sale of assets decrease from $116.5M (income) to $0K, General and administration increase of 32% to $7.9M (expense), Foreign exchange gain (loss) decrease from $26K (income) to $702K (expense). |