ENERGY FUELS (EFR) Stocks
ABOUT ENERGY FUELS
Energy Fuels Inc is the leading US producer of uranium, which is used as fuel for carbon-free, emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating global climate change and air pollution.
Energy Fuels Inc’s portfolio features more production capacity, licensed mines, processing facilities, and in-ground uranium resources than any other US producer. The company also operates diverse cashflow generating opportunities, including vanadium production and uranium recycling.
The company has a history dating back to 2006, when it was first founded, completing its first strategic merger in 2009 with Magnum Uranium. In 2011 the company received its mill license and expanded its uranium holdings later that year.
In 2012 the company acquired Denison Mines’ US Assets, including the White Mesa Mill, and completed its acquisition of Titanium Uranium, to include the Sheep Mountain Project in Wyoming. The company recorded its first gross profits in 2015.
OVERVIEW OF ENERGY FUELS
Energy Fuels Inc’s conventional assets include the only operating conventional uranium mill in the U.S., the highly strategic White Mesa Mill and some of the largest and highest-grade uranium mines and projects in the U.S. The White Mesa Mill has a licensed capacity of over 8 million pounds of uranium per year, which provides the company with significant production scalability as uranium prices recover in the years ahead.
Energy Fuels Inc is also a producer of vanadium when market conditions warrant, and in early 2019, the company resumed vanadium recovery, producing some of the highest-purity vanadium product in its history.
Energy Fuels Inc’s White Mesa Mill is the only fully licensed and operating conventional uranium mill in the United States, with 150 people employed in full operation. Energy Fuels Inc’s Canyon Mine is the highest-grade uranium in development in the US.
The mine’s surface shaft and infrastructure are already substantially completed, with 60 employees at full operation. Energy Fuels Inc’s Sheep Mountain Project has over 30 million pounds of uranium resources, including 18.4 million pounds of mineral reserves. The mine has 1.5 million pounds of annual production with 15-year mine life.
VISION AND VALUES OF ENERGY FUELS
Energy Fuels Inc is committed to the highest standards of corporate responsibility and environmental protection. To this end, the company operates its facilities in a manner that puts the safety of its workers, contractors, communities, environment, and principles of sustainable development above all else.
Energy Fuels Inc focuses on relationships with the local communities in which it operates to address concerns and build support amongst its stakeholders.
Through Energy Fuels Inc’s culture of safety, environmental stewardship, and strict adherence to all federal, state and local laws and regulations, Energy Fuels Inc works to establish itself as a good corporate citizen and a valuable member of the communities in which it operates.
MARKET PERFORMANCE OF ENERGY FUELS
Energy Fuels Inc trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol -EFR. Data from the company’s 2019 financial analysis shows that during the nine months ended September 30, 2019, the company completed US Dollar 0.07 million of uranium sales.
The company currently has no remaining contracts and is therefore fully unhedged to future uranium price increases. At the current time, the company is selling only small quantities of vanadium, while mainly focusing on building its inventory for sale in the future as prices are expected to increase.
Revenues for the nine months ended September 30, 2019 totalled US Dollar 5.16 million, of which US Dollar 1.96 million was related to sales of 152 000 pounds of vanadium concentrates and US Dollar 3.14 million was related to toll processing of uranium concentrates.
Operating some of the most high-value uranium assets in the US, the company is well positioned to meet the increasing market demand going forward. This strong asset position sets the company in good stead to secure a rising share price for investors with strong long-term growth in dividends, providing a solid buy-in for those who choose to purchase shares today.
Buy ENERGY FUELS stocks / shares – A Step by Step Guide how to Buy / Purchase ENERGY FUELS Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy ENERGY FUELS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ENERGY FUELS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE ENERGY FUELS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ENERGY FUELS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy ENERGY FUELS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?