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Energy Fuels ends 1Q with US$60M of working capital as it gears up for big rare earths element commercial push Energy Fuels also said it holds around $28 million worth of immediately marketable inventory, including 690,800 pound of uranium and 1,672,000 pounds of vanadium Energy Fuels is making strides toward building a critical US rare earth supply chain Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) has revealed that ended its first quarter with US$60.4 million of working capital as it gears up to expand its rare earths capabilities this year. The integrated resource company is making strides toward building a critical US rare earth supply chain with the development of a rare earth element (REE) carbonate production program at its White Mesa Mill, which was ramped up during the first quarter of 2021. ....
Energy Fuels receives another US$1.75M from US Department of Energy for rare earth feasibility study The firm believes it can design its infrastructure to process feeds produced in the DoE program as well as the Monazite it is currently processing, for the recovery of uranium and REE products The award comes after the DoE gave Energy Fuels a $150,000 contract last year to complete a conceptual design for the initiative Energy Fuels Inc (NYSE:UUUU) (TSE:EFR) (FRA:VO51) and a team from Penn State University have been awarded another US$1.75 million by the US Department of Energy (DoE) for its rare earth feasibility study. ....