Energy Fuels outlines growth strategy in Q3 2024 report By Investing.com
Energy Fuels (TSX:) Inc. (NYSE American: UUUU), a leading uranium producer, detailed its third-quarter financial results and strategic initiatives in a recent earnings call. CEO Mark Chalmers emphasized the company’s momentum with increased Iranian production, operational mines, and advancements in processing plants. Despite reporting a net loss of $12 million, largely due to transaction costs, the company sold 50,000 pounds of uranium and has a robust working capital of $183 million. The acquisition of Base Resources and Radtran positions Energy Fuels in the titanium, zirconium, and medical isotope markets. With a focus on uranium production, the company aims to ramp up to two million pounds annually and is exploring expansion into…
