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The latest announcement is out from Energy Fuels ( (UUUU) ).
Energy Fuels Inc. has received final regulatory approval from the Government of Victoria, Australia, for the construction and operation of the Donald Rare Earth and Mineral Sand Project, a joint venture with Astron Corporation. This approval enables the company to finalize financing arrangements and make a final investment decision, potentially providing a long-term, low-cost source of rare earth mineral concentrate for processing in the U.S. The project is expected to significantly enhance Energy Fuels’ supply chain and industry positioning by providing a consistent source of rare earth elements, crucial for various technologies, and supporting the company’s expansion plans.
The most recent analyst rating on (UUUU) stock is a Buy with a $5.75 price target. To see the full list of analyst forecasts on Energy Fuels stock, see the UUUU Stock Forecast page.
Spark’s Take on UUUU Stock
According to Spark, TipRanks’ AI Analyst, UUUU is a Neutral.
Energy Fuels is bolstered by strong technical indicators and promising earnings call insights, particularly in production guidance and strategic advancements. However, the lack of profitability and valuation concerns weigh on the overall score.
To see Spark’s full report on UUUU stock, click here.
More about Energy Fuels
Energy Fuels Inc. is a leading U.S. producer of uranium, rare earth elements, and other critical minerals. The company focuses on processing rare earth minerals into various oxides at its White Mesa Mill in Utah, aiming to support commercial, clean energy, and defense technologies.
Average Trading Volume: 9,825,124
Technical Sentiment Signal: Buy
Current Market Cap: $1.19B
For detailed information about UUUU stock, go to TipRanks’ Stock Analysis page.