Cash and Cash Equivalents - Cash and cash equivalents decreased from $57.445 million to $24.594 million from December 31, 2023, to June 30, 2024[18] - Net change in cash, cash equivalents, and restricted cash for the six months ended June 30, 2024, was $(32.506 million), compared to $(27.218 million) for the same period in 2023[21] - Cash, cash equivalents, and restricted cash at the end of the period for June 30, 2024, were $42.518 million, compared to $53.051 million for the same period in 2023[21] - The company's cash equivalents were valued at $17,758 as of June 30, 2024, classified as Level 2 in the fair value hierarchy[98] Marketable Securities - Marketable securities increased from $133.044 million to $146.655 million during the same period[18] - Purchases of marketable securities for the six months ended June 30, 2024, were $(145.017 million), compared to $(67.775 million) for the same period in 2023[21] - Maturities of marketable securities for the six months ended June 30, 2024, were $133.253 million, compared to $16.405 million for the same period in 2023[21] - As of June 30, 2024, the Company's marketable debt securities had a fair value of $120.8 million, with gross unrealized gains of $1.4 million[43] - The company's investments in marketable debt securities were valued at $120,776 as of June 30, 2024, classified as Level 2 in the fair value hierarchy[98] Trade and Other Receivables - Trade and other receivables surged from $816,000 to $9.548 million, indicating a significant increase in receivables[18] - The company's total receivables increased to $9,548 as of June 30, 2024, compared to $816 as of December 31, 2023[80] - Receivables from contracts with customers were $9.02 million as of June 30, 2024, compared to $0.41 million as of December 31, 2023[104] Inventories - Inventories decreased from $38.868 million to $23.524 million, reflecting a reduction in stock levels[18] - The Company's total inventories as of June 30, 2024, were $30.4 million, down from $40.7 million at the end of 2023[44] Total Current Assets - Total current assets declined from $232.695 million to $208.306 million, showing a decrease in liquidity[18] Mineral Properties - Mineral properties, net increased from $119.581 million to $123.840 million, indicating growth in mining assets[18] - Mineral properties increased to $124.41 million as of June 30, 2024, up from $119.58 million as of December 31, 2023, with the Pinyon Plain property showing the largest increase ($9.34 million vs. $6.51 million)[48] Property, Plant, and Equipment - Property, plant, and equipment, net rose from $26.123 million to $40.356 million, reflecting capital investments[18] - Additions to property, plant, and equipment for the six months ended June 30, 2024, were $(16.307 million), compared to $(5.467 million) for the same period in 2023[21] - Property, plant and equipment increased to $78.28 million as of June 30, 2024, up from $62.05 million as of December 31, 2023, with significant growth in construction-in-progress ($23.24 million vs. $13.63 million) and mining equipment ($18.44 million vs. $13.02 million)[45] Total Liabilities - Total liabilities decreased from $22.734 million to $20.659 million, showing a reduction in obligations[18] Share Capital and Equity - Share capital increased from $733.450 million to $739.762 million, indicating equity growth[18] - The Company issued 0.62 million Common Shares under its ATM program during the six months ended June 30, 2024, generating net proceeds of $4.78 million[61] Accumulated Deficit and Net Loss - Accumulated deficit worsened from $(356.258) million to $(359.037) million, reflecting increased losses[18] - Net income (loss) for the six months ended June 30, 2024, was $(2.781 million), compared to $109.379 million for the same period in 2023[21] - Net loss attributable to owners of the Company for the three months ended June 30, 2024 was $6.42 million, compared to a net loss of $4.86 million in the same period in 2023[62] - Basic net loss per common share for the three months ended June 30, 2024 was $0.04, compared to $0.03 in the same period in 2023[62] - For the three months ended June 30, 2024, the company recorded a loss before tax of $6.42 million, compared to $4.89 million for the same period in 2023[78] - For the six months ended June 30, 2024, the company recorded a loss before tax of $2.78 million, compared to income before tax of $109.38 million for the same period in 2023[78] Operating Activities - Net cash used in operating activities for the six months ended June 30, 2024, was $(834 thousand), compared to $(4.069 million) for the same period in 2023[21] Investing Activities - Additions to mineral properties for the six months ended June 30, 2024, were $(4.737 million), compared to $(3.055 million) for the same period in 2023[21] - Net cash used in investing activities for the six months ended June 30, 2024, was $(34.955 million), compared to $(25.407 million) for the same period in 2023[21] Financing Activities - Net cash provided by (used in) financing activities for the six months ended June 30, 2024, was $3.555 million, compared to $(1.382 million) for the same period in 2023[21] Rare Earth Elements (REE) and Uranium Production - The Company is ramping up to commercial production of rare earth element (REE) carbonate from various uranium- and REE-bearing materials, with modifications and enhancements to its existing infrastructure for the production of separated REE products[26] - The Company owns the Bahia Project in Brazil, an exploration/permitting stage property for potential production of heavy mineral sands (HMS) and associated monazite for REE and uranium production[26] - The Company is evaluating the potential to recover radioisotopes from its uranium process streams for use in targeted alpha therapy (TAT) cancer-fighting therapeutics[26] - The Mill is working to establish itself as a critical minerals hub in the U.S., producing uranium, vanadium, REEs, and potentially radioisotopes[27] Joint Ventures and Acquisitions - The Company executed a joint venture agreement with Astron Corporation Limited to develop the Donald Rare Earth and Mineral Sands Project in Australia, with an investment of up to AUS$183 million (approximately $122 million) to earn a 49% interest[37] - The Company plans to acquire 100% of Base Resources Limited for a total value of approximately AUS$375 million, which includes the Toliara HMS and monazite project in Madagascar[40] - The Company's maximum exposure to loss on the Donald Project JV was $2.15 million as of June 30, 2024[39] Asset Retirement Obligations - Asset retirement obligations increased to $11.69 million as of June 30, 2024, up from $10.92 million as of December 31, 2023, due to a $0.18 million upward revision in estimated reclamation costs[57][58] - The company has $17.92 million posted as collateral against undiscounted asset retirement obligations of $33.71 million as of June 30, 2024[90] Share-Based Compensation - Total share-based compensation expense for the six months ended June 30, 2024 was $2.76 million, compared to $2.74 million in the same period in 2023[66] - The fair value of RSUs that vested and were settled for equity was $2.72 million for the six months ended June 30, 2024[68] - The Company granted 583,546 stock options in January 2024 with an exercise price of $8.23 per share, a 10% premium to the higher of the VWAP and closing price on the NYSE American[73] - The weighted average grant date fair value of stock options granted in the six months ended June 30, 2024 was $3.53, using a risk-free interest rate of 4.73% and expected volatility of 69.05%[74] - Outstanding stock options as of June 30, 2024 totaled 1,038,382 with a weighted average exercise price of $6.31 and remaining contractual life of 3.19 years[75] - Exercisable stock options as of June 30, 2024 totaled 402,325 with a weighted average exercise price of $4.09 and remaining contractual life of 1.61 years[75] - Unvested stock options as of June 30, 2024 totaled 636,057 with a weighted average grant date fair value of $3.56[77] - The Company had $2.07 million, $0.08 million and $1.26 million of unrecognized compensation costs related to unvested RSUs, SARs, and stock options, respectively, as of June 30, 2024[66] Tax and Deferred Tax Assets - The company maintained a full valuation allowance against its net deferred tax assets as of June 30, 2024, resulting in a 0% effective tax rate for both the three and six months ended June 30, 2024 and 2023[78] Accounts Payable and Accrued Liabilities - Accounts payable and accrued liabilities decreased to $7,147 as of June 30, 2024, compared to $10,161 as of December 31, 2023[82] Fair Value Measurements - The company's investments in marketable equity securities were valued at $25,879 as of June 30, 2024, with $25,791 classified as Level 1 and $88 as Level 2 in the fair value hierarchy[98] - The company's total assets measured at fair value on a recurring basis were $164,413 as of June 30, 2024, compared to $173,556 as of December 31, 2023[98] Acquisitions and Ownership Interests - CUR acquired 100% of Virginia Energy's common shares, converting 9,439,857 shares into 2,454,362 million shares of CUR, resulting in a 16.7% ownership interest in CUR[100] - IsoEnergy acquired all CUR shares, with the company receiving 0.500 IsoEnergy shares per CUR share, resulting in a 5.0% ownership interest in IsoEnergy[101] - The company purchased 406,650 Subscription Receipts for Cdn$1.83 million to retain its post-arrangement ownership interest in IsoEnergy[101] Unrealized Gains and Losses - The company had an unrealized gain of $0.77 million for the three months ended June 30, 2023, and an unrealized loss of $2.19 million for the six months ended June 30, 2023[103] Mine Operating Agreement - The company earned $0.01 million and $0.18 million for the three months ended June 30, 2024 and 2023, respectively, under the mine operating agreement with CUR[110] - The company accrued $1.50 million and $1.53 million as of June 30, 2024 and December 31, 2023, respectively, in Other long-term receivables related to deferred cash payments for production thresholds[110] Foreign Currency Exposure - The company's foreign currency exposures as of June 30, 2024, included cash and cash equivalents of $1,432 thousand[193] - A 1% strengthening of the U.S. dollar against the Canadian dollar or Brazilian Real would increase comprehensive income by $73 thousand, while a 1% weakening would decrease income by $73 thousand[194] Credit Risk - The company's maximum exposure to credit risk as of June 30, 2024, was the carrying value of cash and cash equivalents, trade and note receivables, and marketable debt securities[195]

Energy Fuels Inc. (UUU) is anticipated to record a loss and a revenue decline when it reports second-quarter 2024 results on Aug 5. Trend of The Zacks Consensus Estimate for Energy Fuels' second-quarter bottom line is pegged at a loss of 6 cents per share, suggesting a wider loss from the 3 cents reported in the second quarter of 2023. The estimate has been unchanged over the past 30 days. | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------|-------|-------| | Magn ...

In the latest market close, Energy Fuels (UUUU) reached $5.60, with a +1.27% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%. Prior to today's trading, shares of the uranium and vanadium miner and developer had lost 5.47% over the past month. This has lagged the Basic Materials sector's loss of 3.38% and the S&P 500's loss of 0.26% in that time. The upcoming earni ...

Conference Call and Webcast at 10:00 AM on August 5, 2024 LAKEWOOD, Colo., July 22, 2024 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) an industry leader in uranium and rare earth elements production for the energy transition, will hold a conference call on Monday, August 5, 2024, at 10:00 AM Mountain Time to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be issued in a press release prior to the call. Energy Fuels Inc.'s management will ...

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. In the latest market close, Energy Fuels (UUUU) reached $5.64, with a -1.91% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.71%. Elsewhere, the Dow lost 0.93%, while the tech-heavy Nasdaq lost 0.81%. For ...

Shares of this uranium and vanadium miner and developer have returned +7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Mining - Non Ferrous industry, to which Energy Fuels belongs, has gained 5.5% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always cer ...

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Fuels. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% ...

Image Source: This spike was short-lived and the uranium market has experienced a moderate pullback in the past few months, attributed to profit-taking among traders and slower spot-buying activity among utilities. Uranium prices have been volatile and currently stand at $86 per pound, marking a 5.9% decline since the beginning of this year. Given the recent weakness in Energy Fuels' shares, investors might be tempted to buy the stock. But is this the right time to buy UUUU? Let us find out. Uranium's Deman ...

Energy Fuels (UUUU) ended the recent trading session at $6.07, demonstrating a -1.46% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 0.71%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.11 per share and a revenue of $51.97 million, indicating changes of +8.33% and +37.01%, respectively, from the ...

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up ...