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Energy Fuels Inc. (T:EFR)

Business Focus: Uranium Mining

Sector:  Energy Industry:  Uranium
Company Contact
Address: 225 Union Blvd Ste 600
LAKEWOOD CO 80228-1826
Tel: N/A
IR: See website
Key People
Mark Stephen Chalmers
President, Chief Executive Officer, Director
Nathan Bennett
Interim Chief Financial Officer, Chief Accounting Officer
David C. Frydenlund
Executive Vice President, Chief Legal Officer and Corporate Secretary
Curtis H. Moore
Vice President - Marketing and Corporate Development
Scott A. Bakken
Vice President - Regulatory Affairs
Dee Ann Nazarenus
Vice President - Human Resources and Administration
Julia C. Hoffmeier
Corporate Counsel and Assistant Corporate Secretary
Business Overview
Energy Fuels Inc. is a critical minerals company. The Company is a producer of uranium in the United States. It mines uranium and produces natural uranium concentrates that are sold to nuclear utilities to produce carbon-free nuclear energy. The Company is engaged in the production of advanced rare earth elements (REE) materials, including mixed REE carbonate. It also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. The Company holds two uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The White Mesa Mill is a conventional uranium mill operating in the US, and has a licensed capacity of over 8 million pounds of triuranium octoxide (U3O8) per year. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. It also has the Bahia Project in Brazil.
Financial Overview
For the fiscal year ended 31 December 2023, Energy Fuels Inc revenues increased from $12.5M to $37.9M. Net income totaled $99.9M vs. loss of $59.8M. Revenues reflect RE Carbonate increase of 34% to $2.8M. Net Income reflects Gain on sale of assets increase from $366K to $119.3M (income), FV Adjustments of Financial Investment increase from $16.9M (expense) to $15.5M (income), Standby decrease of 43% to $7.5M (expense).
Employees: 147 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,167M as of Dec 31, 2023
Annual revenue (TTM): $51.49M as of Dec 31, 2023
EBITDA (TTM): -$40.21M as of Dec 31, 2023
Net annual income (TTM): $135.57M as of Dec 31, 2023
Free cash flow (TTM): -$76.74M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 163,570,079 as of Feb 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization