Energy Fuels Says Continues To Capitalize On Strong Uranium Pricing, Rare Earth Element Ramp-Up, Commissioning Rare Earth Oxides Production, And Steps To Secure World-Scale Sources Of Heavy Mineral Sands And Monazite

Benzinga · May 4 04:51

Capitalizing on Strong Uranium Pricing:

During the three months ended March 31, 2024, the Company sold 300,000 pounds of U3O8 for $25.31 million or a realized sales price of $84.38 per pound. These sales resulted in a gross profit of $14.26 million ($47.54 per pound of U3O8), or a 56% gross margin.
The Company recently renewed an alternate feed agreement with one of our key customers, providing the Company with an estimated long-term, multi-year, low-cost source of 11,000 to 30,000 pounds of U3O8 per year.
During the three months ended March 31, 2024, the Company continued uranium ore production at its Pinyon Plain (Arizona), La Sal (Utah) and Pandora (Utah) mines.
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Energy Fuels Says Continues To Capitalize On Strong Uranium Pricing, Rare Earth Element Ramp-Up, Commissioning Rare Earth Oxides Production, And Steps To Secure World-Scale Sources Of Heavy Mineral Sands And Monazite

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