NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 12/21/2023 3:01:44 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Commences Production at Three US Uranium Mines
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers seeking non-Russian uranium. UUUU is uniquely positioned to immediately increase uranium production through multiple assets around the country, including the only licensed and operating conventional uranium processing facility in the U.S.
“Due to the substantial increase in uranium prices, U.S. government support for nuclear energy and nuclear fuel, and a global focus on reducing carbon-emissions, Energy Fuels is resuming large-scale uranium production,” said Energy Fuels president and CEO in the press release. “Uranium spot prices are currently near $90 per pound, which is the highest level seen since 2007 when the uranium spot price reached a high of $135 per pound, or over $200 per pound on an inflation-adjusted basis. Energy Fuels is recognized globally as a dependable U.S. uranium supplier that operates to the highest environmental, safety and efficiency standards. Energy Fuels has made the required investments over the past several years to prepare for today’s uranium markets, and we are uniquely positioned to successfully resume U.S. uranium production in 2024. . . . In addition to aggressively restarting uranium production, we will also continue to rapidly advance our rare earth element processing and other plans, which are expected to become significant value streams that complement our core uranium business.”
Please see full terms of use and 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), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers seeking non-Russian uranium. UUUU is uniquely positioned to immediately increase uranium production through multiple assets around the country, including the only licensed and operating conventional uranium processing facility in the U.S.
“Due to the substantial increase in uranium prices, U.S. government support for nuclear energy and nuclear fuel, and a global focus on reducing carbon-emissions, Energy Fuels is resuming large-scale uranium production,” said Energy Fuels president and CEO in the press release. “Uranium spot prices are currently near $90 per pound, which is the highest level seen since 2007 when the uranium spot price reached a high of $135 per pound, or over $200 per pound on an inflation-adjusted basis. Energy Fuels is recognized globally as a dependable U.S. uranium supplier that operates to the highest environmental, safety and efficiency standards. Energy Fuels has made the required investments over the past several years to prepare for today’s uranium markets, and we are uniquely positioned to successfully resume U.S. uranium production in 2024. . . . In addition to aggressively restarting uranium production, we will also continue to rapidly advance our rare earth element processing and other plans, which are expected to become significant value streams that complement our core uranium business.”
Please see full terms of use and 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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