Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Energy Fuels: Uranium’s Moment Has Arrived, Now it’s Time to Capitalize

by March 19, 2024
March 19, 2024
Energy Fuels: Uranium’s Moment Has Arrived, Now it’s Time to Capitalize

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Curtis Moore of Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) weighed in on uranium market dynamics, from supply and demand to prices.

He also discussed how Energy Fuels is navigating the sector given today’s much-improved dynamics.

‘These are great (price) levels for us as a uranium producer. We can profitably produce uranium at these levels,’ he said. ‘And so again, this is something we’ve been waiting for for a long time now. It’s time to capitalize.’

At the end of 2023, Energy Fuels started production at three of its uranium mines in Arizona and Utah, and is currently preparing an additional two mines in Colorado and Wyoming with the goal of starting production there within a year.

‘Ultimately the reason we brought these mines back into production was price,’ said Moore. He added that while it’s impossible to know where uranium’s top will be, he sees many reasons for prices to move higher.

Although uranium is Energy Fuels’ focus, it is also taking the opportunity to further develop its rare earths business while prices in the sector are depressed. Moore spoke about the company’s recent non-binding memorandum of understanding to develop the Australia-based Donald rare earths and mineral sands project with Astron.

‘Our source of our feed is a by-product of other mining — it’s a by-product of titanium mining primarily,’ he said. ‘This monazite sand just occurs as a by-product, and so your cost to produce monazite sand at a mineral sand operation is very low … what we’ve been doing is getting involved in some mineral sand projects with the idea that we’ll get the low-cost monazite product — a very low-cost feed, possibly even free feed in some instances.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Bangemall Ground EM Surveys Outline Multiple Norilsk-Style Drill Targets
next post
3 Things Warren Buffett Has Said About Gold (Updated 2024)

Related Posts

Juggernaut Samples up to 256.60 g/t Or 8.25...

September 8, 2025

Palladium Price Forecast: Top Trends That Will Affect...

January 26, 2024

Crypto Market Recap: Bitcoin to Hold “Special Status”...

March 6, 2025

Lithium Consolidation, Strongly Supported $3M Placement and Strategic...

December 19, 2023

A State-by-State Guide to Cannabis in Australia

January 1, 2024

Ion Energy

November 30, 2023

BMR to Commence Production at Punitaqui Copper Mine...

November 10, 2023

7 Basic Copper Facts for Investors (Updated 2023)

August 25, 2023

NevGold Announces Up to 92% Antimony Recovery From...

July 23, 2025

Silver47 Exploration Launches Drilling to Expand Silver-Rich VMS...

June 18, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Presenting on Emerging Growth Conference 87 Day 2 on October 23; Register to live stream

    • CHARBONE annonce la reception des principales composantes sur le site de Sorel-Tracy et le lancement des travaux civils

    • CHARBONE Announces the Reception of the Main Components at the Sorel-Tracy Site and the Launch of Civil Works

    • Allied Critical Metals Drills 10.0 Metres of 1.11% Tungstenat Borralha

    • Canadian Investment Regulatory Organization Trade Resumption – WHY

    Categories

    • Business (1,401)
    • Investing (3,057)
    • Politics (3,699)
    • Stocks (1,827)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved