1/ Energy Fuels $UUUU closed the sale of Alta Mesa today for $120M ($60M cash + $60M conv. note). We now believe our current #uranium & #RareEarths plans are fully-funded thru 2024, including Energy Fuels' investing in 4 mines to boost uranium production.
prnewswire.com/news-releases/…
prnewswire.com/news-releases/…
2/ You may have missed it, but $UUUU also resumed #uranium production in Q4-2022. 162,000 lbs. of U3O8, or over 90% of US production. We're hiring/investing at our mines/mill to boost production & we plan to keep our position as the #1 US #uranium miner. #nuclear #carbonfree
3/ Today's sale also provides the CAPEX needed to install 'light' #rareerths separation at our mill in #Utah. We plan to be in production of refined #NdPr oxide by the end of this year or early next. In high demand by #ElectricVehicles, #RenewableEnergy & #defense companies.
4/ We also plan to utilize these funds to develop our Bahia HMS & #RareEarths Project in Brazil & secure additional monazite supply. This is an exciting time at Energy Fuels $UUUU. We are America's Leading Producer of Critical Minerals & Materials.
prnewswire.com/news-releases/…
prnewswire.com/news-releases/…
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