Energy Fuels' Strategic Advantages for REE Production
High Value Product Line
URANIUM - Fuel for nuclear energy which provides the U.S. with 50% of our zero-carbon electricity
UUUU is the largest U.S. uranium producer; commencing uranium production in 2024 from three (3) mines
RARE EARTHS - Critical elements used in powerful magnets needed for EVs, wind & other tech
UUUU now installing the capacity to produce up to 1,000 MT of separated NdPr oxide by Q1-2023; could power up to 1 million EVs.
VANADIUM - Critical element used in high-strength steel, aerospace and grid-scale batteries
UUUU is the largest primary producer of V2O5 in US; significant inventory & ability to quickly turn on production in strong markets
MEDICAL ISOTOPES - Critical for emerging cancer therapies
Developing ability to recover radium from existing uranium and rare earth production; needed for emerging treatments & potential cures
RECYCLING - Uranium & vanadium bearing materials
Promoting sustainable sourcing; reducing carbon emissions & saving the world's scarce resources
FINANCIAL STRENGTH - Significant Cash + Inventory
$162.50 million in working capital as of September 30, 2023, including $125.16 million of cash & marketable securities; large U3O8 & V₂O5
inventories
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