Energy Fuels Inc. is a U.S.-based uranium producer and the second largest supplier of uranium within the U.S., the leading producer of nuclear energy and uranium consumer in the world, and currently obtains about 85% of its annual uranium requirements from foreign sources. The nation is home to 99 currently operating commercial nuclear reactors with five more under construction and numerous SMRs.
With the only conventional uranium mill operating in the U.S. and a large portfolio of high-quality uranium properties, Energy Fuels offers excellent leverage to rising uranium prices and is in an excellent position to capitalize on the growing need for more domestic uranium supplies.
Energy Fuels is the leading uranium mining company focused in the U.S., in terms of current production, scalability, and resource portfolio. Following the completed acquisition of Uranerz Energy Corporation in June 2015, the company joined Cameco and Areva as the only publicly traded uranium mining companies in the world with both in-situ recovery (ISR) and conventional production.
Investment Highlights
1. The largest publicly-traded uranium company focused on the U.S.
2. The U.S. is the largest consumer of uranium in the world.
3. The White Mesa Mill is the only conventional uranium mill operating in the U.S.
4. Produced over 5 million pounds of U3O8 since 2010.
5. Production rate of 1 million pounds in 2014 and expected production of 300,000 pounds of U3O8 in 2015.
6. Current and Near-Term U3O8 Production- Stockpiled Pinenut ore, Canyon Mine, Wate Project and Alternate Feed Materials
7. Significant Future Scalability - 3 large-scale uranium projects with over 50 million lbs. of combined Measured and Indicated resources.
8. Roca Honda Project is a true flagship property which can be developed stand-alone or as a add-on to the General Atomics Mt. Taylor mine.
9. Increasing uranium production through acquisitions and organic growth.
10. Energy Fuels acquired Uranerz in 2015.