Mentioned:
Nuclear energy in the United States continues to ramp up in importance. And Energy Fuels wants to be on the leading edge for uranium production in America.
What’s happening:
- Energy Fuels (NYSE: UUUU) has publicly stated they have mined over 1.6M pounds of uranium this year from their operations in Arizona and Utah
Why it matters:
- This is one of the single largest years of uranium mining that Energy Fuels has had in more than a decade
Going deeper:
- Energy Fuels has produced more than 1M pounds of finished uranium at their White Mesa Mill located in Utah throughout the year
- Energy Fuels has also publicly stated they have recently struck two new long term uranium sales contracts with nuclear power companies in the United States that will leverage hybrid pricing based partially on the current price of uranium and partially on the the spot price of uranium at the time of delivery
The intrigue:
- Energy Fuels just recently made wave when they successfully validated that their high purity dysprosium oxide had passed all initial purity tests to be used in neodymium-iron-boron permanent magnets
