Energy Fuels Inc. Achieves Record Uranium Production, Advances U.S. Projects
TL;DR
Energy Fuels Inc. gains a competitive edge with a 71% increase in uranium production and expanded resources, positioning it as a leader in the domestic nuclear fuel industry.
Energy Fuels Inc. reported a 71% production increase at Pinyon Plain mine and updated the Bullfrog Project's Technical Report, enhancing its uranium resource estimates and project economics.
Energy Fuels Inc.'s expansion in uranium and rare earth elements production supports the domestic nuclear fuel industry, contributing to cleaner energy and advanced medical treatments.
Energy Fuels Inc. hits record production and expands uranium resources, while advancing projects in Arizona, Utah, and New Mexico, showcasing its pivotal role in the energy sector.
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has announced a record-breaking production of 258,745 pounds of U₃O₈ in May from its Pinyon Plain mine in Arizona, marking a 71% increase from April. This achievement underscores the company's pivotal role in the U.S. uranium sector, a critical component of the nation's energy security and carbon-free nuclear energy production.
In addition to its production milestone, Energy Fuels has filed an updated Technical Report for its Bullfrog Project in Utah, revealing a 15% increase in Indicated and a 70% increase in Inferred uranium resources. The report also outlines project economics for the first time, projecting a 15-year mine life. These developments are timely, as the company accelerates permitting for its Roca Honda project in New Mexico, now included on the federal FAST-41 dashboard, and resumes operations at its EZ Complex in Arizona.
The company's advancements come at a crucial moment for the U.S. nuclear fuel industry, following recent Executive Orders aimed at strengthening domestic capabilities. Energy Fuels' efforts not only enhance the nation's uranium supply but also contribute to the broader goal of energy independence and environmental sustainability through nuclear power.
Curated from InvestorBrandNetwork (IBN)
