NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 03/16/2022 4:56:56 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases 2021 Financial, Corporate Report
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has released its financial results and corporate update for the year ended Dec. 31, 2021. Highlights of the report include the company’s net income of $1.5 million for 2021 along with a strong balance sheet showing $143.2 million in working capital, including $113 million of cash and marketable securities, $30.8 million in inventory and no short-term or long-term debt. According to the announcement, the company’s Dec. 31, 2021, product inventory would be valued at more than $60 million based on current commodity prices. The report noted that prices for all commodities produced by Energy Fuels increased during 2021. The company also reported that it is actively engaged in identifying selective long-term uranium sales contracts. In addition, the report noted that UUUU produced approximately 270 metric tons of mixed rare earth element (“REE”) carbonate containing 120 metric tons of total rare earth (“RE”) oxides during 2021; the company’s RE carbonate is currently the most advanced REE material being produced in the United States. Energy Fuels management will host a call and webcast on March 17, 2022, at 1 p.m. EDT to discuss its financial report and present a 2022 outlook for the company. Those interested in listening in can dial 1-888-664-6392, toll free in the United States and Canada. “In 2021, we believe Energy Fuels further strengthened its position as America’s leading multicommodity, critical mineral company, as we made excellent progress on our uranium, REEs, vanadium and medical isotope initiatives,” said Energy Fuels president and CEO Mark Chalmers in the press release. “We are deploying our ‘one-of-a-kind’ licenses, facilities and expertise to responsibly recover the critical elements needed for carbon-free nuclear energy, electric vehicle powertrains, wind generation, advanced electronics, grid-scale batteries, other clean energy and advanced technologies, and potentially cancer therapeutics. We are particularly proud of our accomplishments in REEs. We announced our entry into the REE business less than two years ago, and today we are ramping up our production of commercial quantities of RE Carbonate, which is a more advanced REE material than any other U.S. company is producing.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has released its financial results and corporate update for the year ended Dec. 31, 2021. Highlights of the report include the company’s net income of $1.5 million for 2021 along with a strong balance sheet showing $143.2 million in working capital, including $113 million of cash and marketable securities, $30.8 million in inventory and no short-term or long-term debt. According to the announcement, the company’s Dec. 31, 2021, product inventory would be valued at more than $60 million based on current commodity prices. The report noted that prices for all commodities produced by Energy Fuels increased during 2021. The company also reported that it is actively engaged in identifying selective long-term uranium sales contracts. In addition, the report noted that UUUU produced approximately 270 metric tons of mixed rare earth element (“REE”) carbonate containing 120 metric tons of total rare earth (“RE”) oxides during 2021; the company’s RE carbonate is currently the most advanced REE material being produced in the United States. Energy Fuels management will host a call and webcast on March 17, 2022, at 1 p.m. EDT to discuss its financial report and present a 2022 outlook for the company. Those interested in listening in can dial 1-888-664-6392, toll free in the United States and Canada. “In 2021, we believe Energy Fuels further strengthened its position as America’s leading multicommodity, critical mineral company, as we made excellent progress on our uranium, REEs, vanadium and medical isotope initiatives,” said Energy Fuels president and CEO Mark Chalmers in the press release. “We are deploying our ‘one-of-a-kind’ licenses, facilities and expertise to responsibly recover the critical elements needed for carbon-free nuclear energy, electric vehicle powertrains, wind generation, advanced electronics, grid-scale batteries, other clean energy and advanced technologies, and potentially cancer therapeutics. We are particularly proud of our accomplishments in REEs. We announced our entry into the REE business less than two years ago, and today we are ramping up our production of commercial quantities of RE Carbonate, which is a more advanced REE material than any other U.S. company is producing.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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