NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 05/17/2022 4:08:07 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Q1-2022 Results, to Host Video Webcast
Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced its financial results for the quarter ended March 31, 2022. Among the highlights, the company reported a robust balance sheet with $136.6 million of working capital, including $105.8 million of cash and marketable securities, $29.7 million of inventory, and no short- or long-term debt. “Energy Fuels continues to benefit from increases in the prices for all of the critical elements and materials we produce,” said Mark S. Chalmers, Energy Fuels’ president and CEO. “Though volatile, uranium prices have continued to exhibit strength and resilience, which we expect to continue as Russia’s invasion in Ukraine continues. As a result of Russia’s aggression, we believe domestic and global nuclear utilities are reducing ties with the Russian state-owned nuclear company. We also believe U.S. uranium and nuclear fuel suppliers may be seeing increased interest from U.S. utilities as a result of the $6 billion civil nuclear credit program, which prioritizes reactors that purchase nuclear fuel and uranium from U.S. suppliers, which would include Energy Fuels.”
In addition, the company announced that it will host a video webcast at 4:00 p.m. ET ( 2:00 p.m. MT) on May 18, 2022, to discuss its Q1-2022 financial results, the outlook for 2022, uranium, rare earths, vanadium, and medical isotopes. Interested parties should visit https://nnw.fm/LLcdt to join the webcast and access the presentation and viewer-controlled slides. To participate and ask questions, attendees should dial 1-888-664-6392 (toll free in the U.S. and Canada). A recorded version of the proceedings will be available on Energy Fuels’ website shortly after the webcast by calling 1-888-390-0541 (toll free in the U.S. and Canada) and entering code 271887#. The recording will be available until June 1, 2022.
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) today announced its financial results for the quarter ended March 31, 2022. Among the highlights, the company reported a robust balance sheet with $136.6 million of working capital, including $105.8 million of cash and marketable securities, $29.7 million of inventory, and no short- or long-term debt. “Energy Fuels continues to benefit from increases in the prices for all of the critical elements and materials we produce,” said Mark S. Chalmers, Energy Fuels’ president and CEO. “Though volatile, uranium prices have continued to exhibit strength and resilience, which we expect to continue as Russia’s invasion in Ukraine continues. As a result of Russia’s aggression, we believe domestic and global nuclear utilities are reducing ties with the Russian state-owned nuclear company. We also believe U.S. uranium and nuclear fuel suppliers may be seeing increased interest from U.S. utilities as a result of the $6 billion civil nuclear credit program, which prioritizes reactors that purchase nuclear fuel and uranium from U.S. suppliers, which would include Energy Fuels.”
In addition, the company announced that it will host a video webcast at 4:00 p.m. ET ( 2:00 p.m. MT) on May 18, 2022, to discuss its Q1-2022 financial results, the outlook for 2022, uranium, rare earths, vanadium, and medical isotopes. Interested parties should visit https://nnw.fm/LLcdt to join the webcast and access the presentation and viewer-controlled slides. To participate and ask questions, attendees should dial 1-888-664-6392 (toll free in the U.S. and Canada). A recorded version of the proceedings will be available on Energy Fuels’ website shortly after the webcast by calling 1-888-390-0541 (toll free in the U.S. and Canada) and entering code 271887#. The recording will be available until June 1, 2022.
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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