Energy Fuels IncNYSEMKT
Mon, Nov. 7, 10:57 AM
- Chinese demand for uranium is expected to nearly double to 9,800 metric tons/year by 2020 from the end of 2015, although a supply glut will continue to keep prices depressed, says the head of a unit of state-owned China National Nuclear Corp.
- China is in the middle of a nuclear reactor building program and aims to have 58 GW of capacity in full commercial operation by the end of 2020, up from 30.7 GW at the end of July, but the executive says only ~53 GW of capacity would be online as not enough construction of nuclear plants had already begun.
- Uranium is trading at ~$18.75/lb., down from $67 before Japan's Fukushima disaster in 2011.
- Relevant stocks include CCJ, DNN, LEU, URRE, UEC, URG, UUUU.
- ETFs: URA, NLR
Thu, Nov. 3, 5:20 PM
Thu, Oct. 27, 1:47 PM
- Energy Fuels (UUUU +3.9%) is higher after the uranium miner said it discovered an extensive system of high-grade copper mineralization at its Canyon mine in Arizona.
- The discovery comes amid a broader assessment project at the Canyon mine, which UUUU calls the best source of high-grade uranium in the U.S.
- The company says it is expanding the scope of its appraisal efforts at the facility to include copper recovery, with the potential of significantly improving the economics of the mine.
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
- Energy Fuels (NYSEMKT:UUUU): Q1 EPS of -$0.19
- Revenue of $18M (+136.8% Y/Y)
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.