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MP - Energy Fuels Is Positioned For Major Growth In The Coming Years
MP Materials Corp Cl A
2024-05-13 09:36:33 ET
Summary
Energy Fuels is benefiting from a bipartisan bill that bans Russian uranium imports. This legislation should provide support for a higher price floor in the uranium market.
The firm is ramping up capacity to 1-1.2MLBPA of uranium across its three mines with the potential for 5MLBPA with the 3 additional projects underway.
Energy Fuels is expected to sell 200k LBS through long-term SPAs and an additional 100k LBS at spot in eQ2'24. Management will remain opportunistic throughout the duration of the year.