- Energy Fuels recently rose on a deal to extend Russia uranium import limits as well as a DOE grant to study rare-earth elements.
- As of October 6th, Energy Fuels is debt-free as it retired the remaining of its convertible unsecured debentures.
- While uranium prices are higher, they are still far below necessary levels for Energy Fuels to see positive cash flow.
- Supply and demand data suggest it will still be a few years before there is a large enough uranium shortage to support a rise to 50-70$/lbs levels which Energy Fuels needs.
- U-bulls are best with profitable companies like Cameco until uranium prices are higher.
For further details see:
Energy Fuels Is Enticing, But Cameco Is Best Until Uranium Reaches $50-$70/Lbs