Thu, Sep. 15, 2:01 PM
Thu, Sep. 15, 12:56 PM
Thu, Sep. 15, 9:11 AM
Wed, Sep. 14, 6:52 PM
- Energy Fuels (NYSEMKT:UUUU) -22.4% AH after announcing a $10M bought deal offering of more than 5.55M units, each consisting of one common share and a half-share purchase warrant at $1.80 each.
- The company says it plans to use the proceeds to continue to finance the previously announced shaft sinking and evaluation at the high-grade Canyon mine project in Arizona, continue to fund wellfield construction at the Nichols Ranch Project in Wyoming, pay down debt, and for other corporate needs.
Fri, Aug. 5, 5:54 PM
Wed, Jun. 8, 5:58 PM
- A uranium glut that has caused futures prices to drop 18% YTD - the worst performer among all the world's commodities - is set to turn into a shortage as miners cut output and nuclear reactor construction climbs, Uranium Energy (NYSEMKT:UEC) CEO Amir Adnani tells Bloomberg.
- Oversupply from mines in Kazakhstan, Canada and Australia has sent prices plunging even as iron ore and oil rally, but as supply diminishes and demand improves, stockpiles will be eroded and the slump will reverse, the CEO says.
- Prices are not factoring in the pace at which inventories will disappear in coming years, according to Morningstar's David Wang, who expects uranium to more than double to about $65/lb. by 2019 from $28.25 now.
- Relevant tickers include: CCJ, URG, URZ, UUUU, URRE, URA.
Mon, May 16, 9:19 AM
Fri, May 6, 8:24 AM
Tue, Mar. 15, 6:04 PM
- Energy Fuels (NYSEMKT:UUUU): FY15 EPS of -$2.46
- Revenue of $61.35M (+32.6% Y/Y)
Wed, Mar. 9, 12:47 PM
Thu, Jan. 28, 4:43 PM
- Uranium spot prices likely will remain under pressure for the rest of the decade because of high inventory levels, recycling of already-mined uranium and the slow restart of Japan's nuclear reactors, Fitch Ratings forecasts.
- An extended period of oversupply has contributed to a major build-up in utilities' uranium stockpiles, with European utilities having enough fuel to last three years and Japanese utilities enough for 4-5 years, which will maintain pressure on prices as demand slowly recovers, Fitch says.
- Relevant stocks: CCJ, DNN, LEU, URRE, UEC, URG, UUUU.
- ETFs: URA, NLR
Dec. 21, 2015, 9:18 AM
Nov. 5, 2015, 11:22 PM
- Energy Fuels (NYSEMKT:UUUU): Q3 EPS of -$0.05 beats by $0.02.
- Revenue of $19.16M beats by $10.56M.
Aug. 10, 2015, 11:58 AM
- Japan is rejoining the countries using atomic power after the Fukushima nuclear disaster more than four years ago, as Kyushu Electric Power says it will begin bringing online the No. 1 reactor at its Sendai facility on Aug. 11, start power generation as early as Aug. 14 and return it to normal operations next month.
- The move is an important de-risking event for the uranium market, says BMO Capital analyst Edward Sterck: While "Japanese utilities are sitting on significant excess inventories, the fact that these will now start to be consumed [in Japan] should ease fears of sales from inventory,” and it shows there is a regulatory restart process in Japan that actually works, which clears the way for more.
- Relevant stocks: CCJ +4.1%, DNN +5.1%, LEU -1.3%, URRE +5.7%, UEC -1.5%, URG -2.7%, UUUU +8%.
- ETFs: URA, NLR
Jun. 24, 2015, 11:56 AM
- Energy Fuels (UUUU -3%) saw its stock price target cut to $7.25 from $11 by Roth Capital while maintaining its Buy rating.
- The firm thinks UUUU is better positioned to operate in the current low uranium price environment following the recent completion of the Uranerz acquisition, but is cutting its price target due to the combination of a lack of guidance and a continued poor uranium price environment.
Jun. 22, 2015, 5:55 PM
- Uranium Energy (NYSEMKT:UEC) and Energy Fuels (NYSEMKT:UUUU) jumped a respective 13.1% and 9.9% in today's trade after the companies were added to the Russell 3000 and Russell Global indexes (I, II), effective after the close of trading on June 26.
- The annual reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market cap; membership in the Russell 3000 remains in place for one year.