Energy Fuels (UUUU) - US Uranium Reserve Talks and REE By-Products

Matthew Gordon,
Ptolemy Capital

17:07
3 Months ago

CEO, Chalmers joins us to share his thoughts about the news of the $150M US Uranium Reserve included within proposed funding measures and allocations outlined in the FY21 draft from the Senate Committee on Appropriations. Ultimately these funds are to purchase 1.7-1.9 MMlbs U3O8. We also discuss why chose now to pay off the companies debt. And the White Mesa Mill yet again becomes a focal point as Energy Fuels announces a rather attractive by product of milling uranium from monazite ore. They are able to extract Rare Earths too. The exciting part of this conversation is the potential contribution to the bottomline and more importantly the REE team that is being assembled. In the context of conversations that the company has already had with US Dept of Energy and US Dept of Defence, the rare earth component could signify a very profitable revenue stream in the near future. We suspect long term contract on the monazite are not far away. Interesting times in Wyoming despite the lull in the uranium price!

#Energy Fuels #Uranium #Vanadium #AMEX #TSX #Mark Chalmers

View Our
Energy Fuels
Company Profile
About Us
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Find Out More
Subscribe
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Subscribe

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Crux Investor does not verify information provided by contributors or video interviewees on this site, and makes no assurance as to the adequacy, completeness or accuracy of any such information. Crux Investor steadfastly disclaims any liability or responsibility for the outcome of any investments made by users of this site or our branded affiliates. Users of this site (and our branded affiliates) should consult with their own financial advisors to assist them in making investment decisions. By accessing this site and our branded affiliates, you agree to the terms of service and privacy policy.