Energy Fuels (UUUU) - US Utilities Engaging in Contract Negotiations

Interview with Curtis Moore, Senior VP of Marketing & Corporate Development from Energy Fuels (NYSE: UUUU)In this video, we hear from Curtis Moore, Senior VP of Marketing and Corporate Development at Energy Fuels. Energy Fuels is the largest US uranium producer and has recently expanded into the Rare Earth element space. Curtis discusses their attendance at the World Nuclear Fuel Conference in the Netherlands, where they are engaging in contract negotiations with North American utilities for the sale of uranium. With concerns over security and supply due to Russia's invasion of Ukraine, utilities are looking to shift away from Russian suppliers and are interested in companies like Energy Fuels to fill the gap.In addition to their uranium production, Energy Fuels is also producing Rare Earth elements at their White Mesa Mill and has made an investment decision to install Rare Earth separation capabilities. This will allow them to produce up to 1,000 metric tons of neodymium prasiodymium oxide per year, which is enough for up to a million electric vehicles. This video provides valuable insights into the uranium and Rare Earth element markets, and the role that Energy Fuels is playing in meeting the growing demand for these commodities.

There are no comments yet.

Please log in to write the first comment.