Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading producer of uranium in the United States, is poised with the unique abilities and resources to supply the nation with its growing demand for clean nuclear energy. This is good news for the company, as nuclear energy looks to have a bright future as the country moves toward cleaner, carbon-free power sources. A recent article discussing this reads, “Energy Fuels is America’s leading producer of uranium, which is the fuel for carbon-free electricity. Energy Fuels was also the largest domestic producer of vanadium in 2019. Vanadium is mainly used in steel and other high-strength alloys. But vanadium batteries, which can be used to store vast amounts of electricity generated from renewable sources, are also being commercialized around the world. The company is also entering the rare earth elements processing business. Rare earths are used in a whole host of advanced technologies, including in the clean energy sector.”
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About Energy Fuels Inc.
Energy Fuels is the number one U.S. producer of uranium. The company was also the top U.S. producer of vanadium in 2019 and is conducting pilot-scale testing to potentially begin producing a rare earth element (“REE”) concentrate at its White Mesa Mill. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, it is licensed to produce over 8 million pounds of U3O8 per year, and it has the ability to produce vanadium and a rare earth element concentrate. The Nichols Ranch ISR Project is fully licensed, constructed and on standby, and licensed to produce 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also fully licensed, constructed and on standby, and licensed to produce 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has the largest NI 43-101 compliant uranium resource portfolio in the U.S., among producers, and several uranium and vanadium mining projects on standby and in various stages of permitting and development. Energy Fuels’ corporate offices are in Lakewood, Colorado near Denver. For more information, visit the company’s website at www.EnergyFuels.com.
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