Christopher Wallace
Long/short equity, special situations

Energy Fuels: Deep Value In Uranium

Energy Fuels (NYSEMKT:UUUU) is a significant producer of uranium within the US and offers investors several unique attributes. It is listed on both the New York stock exchange and the Toronto Stock Exchange (EFR.TO).

Energy Fuels has two producing uranium mines located in Arizona, as well as the US' only uranium processing mill (located in Utah), six permitted mines that have been placed on standby, five permitted development projects and 22 additional exploration/development projects. It also has long term contracts to sell uranium at prices 60% above the current spot price and a substantial above ground inventory of uranium concentrate. In addition, Energy Fuels produces vanadium as a mining by-product which is primarily used to alloy steel.

My...

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