Uranium Production Ramp-Up
Energy Fuels is ramping up production in three existing mines to a run rate of 1.1 million to 1.4 million pounds by the end of the year, with plans to reach 2 million pounds in the next year or two.
Successful Rare Earths Separation
Successfully commissioned Phase 1 separation plant with the capability of processing up to 1,000 tonnes of NdPr per annum.
Acquisition of Base Resources
Completed acquisition of Base Resources, including the Toliara project in Madagascar, believed to be one of the best heavy mineral sand deposits globally.
Strong Financial Position
The company reported $183 million in working capital at quarter end with large inventories of uranium and vanadium and no debt.
No Debt
Energy Fuels maintains a strong financial position with no debt.