- The company owns several uranium projects and processing facilities in the U.S., including the White Mesa mill in the state of Utah.
- However, the uranium mining sector in the country has been slowly dying and there are much better projects in Canada, Kazakhstan, and Africa.
- Energy Fuels is bleeding money and I think its assets are close to worthless.
- The main risk for the bear thesis is a disconnect between uranium prices and the share prices of uranium miners, that emerged a few months ago.
For further details see:
Energy Fuels Can't Make American Uranium Great Again