Energy Fuels (NYSE MKT UUUU | TSX:EFR) is a leading, US-based, integrated producer of uranium – the fuel for carbon-free, emission-free nuclear energy.
Our uranium production portfolio is unique in the World today. Nuclear energy is expected to see strong growth in the coming years, as nations around the World work to provide plentiful and affordable energy, while combating global climate change and air pollution. We utilize both conventional and in-situ recovery (“ISR”) technology and produce uranium from two strategic facilities – the White Mesa Mill in Utah (conventional) and the Nichols Ranch Plant in Wyoming (ISR). Our portfolio also boasts a book of premium-priced sales contracts with major nuclear utilities, an industry-leading U.S.-based NI 43-101 Mineral Resource portfolio among producers, and a pipeline of high-quality, large-scale development and exploration projects. As uranium prices increase, Energy Fuels has the resources and processing capacity to significantly increase uranium production in the U.S.
Energy Fuels is also a potential producer of vanadium, as a co-product along with uranium at some of its mines. We have significant high-grade vanadium resources, along with a separate, high-purity vanadium production circuit at the White Mesa Mill. There is a growing potential to use vanadium in the next generation of advanced battery technologies. Energy Fuels is poised to capitalize on this potential opportunity.
