Energy Fuels and Uranium Mining

Energy Fuels is the leader in U.S. uranium mining, having produced about 2/3 of all U.S. uranium for the past several years. Uranium is the fuel for carbon-free nuclear energy, which is seeing strong growth as nations around the world seek plentiful and reliable carbon-free energy. We are ramping-up uranium production, and we believe no other company is doing more to capitalize on today’s strong uranium markets than Energy Fuels. Energy Fuels has more uranium production capacity, licensed mines, and uranium expertise than any other U.S. producer.

In addition to uranium mining, Energy Fuels is also a major U.S. producer of rare earth elements and vanadium, helping to restore these critical U.S. supply chains.

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Q3 2023 Webcast & Conference Call, Nov. 6, 2023 at 4 pm ET

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Latest News
Dec 27, 2023

Energy Fuels and Astron Corporation execute non-binding MOU to jointly develop the Donald Mineral Sands Project, a large heavy mineral sand deposit that has the potential to supply Energy Fuels...

Dec 21, 2023

Nuclear energy is increasingly being recognized as a clean energy resource globally, while buyers seek non-Russian uranium supply; Energy Fuels is uniquely positioned to immediately increase...

Nov 13, 2023

Together with $41.8 million previously paid by enCore, net proceeds from the Note total $64.2 million LAKEWOOD, Colo., Nov. 13, 2023 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)...

Nov 3, 2023

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") today reported its financial results for the quarter ended September 30, 2023. The Company's Quarterly Report...

Highlights
  • #1 in U.S. Uranium Production

    Energy Fuels has produced two-thirds (2/3) of all uranium in the U.S. since 2017, and we are increasing our production further.

  • 2 Licensed U.S. Uranium Production Facilities

    Energy Fuels holds two uranium processing facilities, including the only conventional uranium mill in the U.S. and a low-cost ISR facility.

  • 10+ Million Lbs. of Uranium Capacity

    Energy Fuels has more licensed and operational uranium production capacity than any other U.S. miner.

  • Rare Earths for 1 to 4 Million Electric Vehicles

    In Q1-2024, Energy Fuels will have the capacity to produce enough NdPr oxide to power 1 million EV’s per year. By 2027, the Company plans to expand that capacity to power up to 4 million EVs per year.

  • 81+ Million Lbs. of M&I Uranium Resources

    Energy Fuels holds more in-ground uranium resources than any other US producer. View our resource summary for additional information on grade and tonnage.

  • 31+ Million Lbs. of M&I Vanadium Resources

    Energy Fuels holds more in-ground vanadium resources than any other US producer, and the only conventional vanadium mill in the U.S. View our resource summary for additional information on grade and tonnage.

Conventional Uranium Production

Energy Fuels is the only conventional uranium producer in America. We take great pride in our uranium mining, as well as owning and operating a mill, and conventional mines that can produce up to 8 million pounds of uranium per year. This uranium is critical to powering the nuclear energy facilities that are America’s largest source of clean energy. We have the capability to increase production at those operations faster – and on a greater scale – than our peers as uranium prices rise in the coming years.

Large-Scale Production Scalability

Our primary goal is to become the dominant producer of U.S. uranium in the world. We became the #1 uranium producer in the U.S. in 2017. We also hold more production capacity than any other U.S. company and have the largest NI 43-101 uranium resource base in the country. These assets provide Energy Fuels with the tools we need to accomplish our goal and become a major uranium producer on a global scale.

Uranium Mine Cleanup

Energy Fuels is also seeking to participate in Environmental Protection Agency cleanups of abandoned uranium mines and other sites that contain natural uranium. We offer a variety of uranium mine, environmental and other cleanup and recycling services.

The Only Primary Vanadium Producer in North America

In 2018, Energy Fuels became the only primary vanadium producer in North America. Vanadium is mainly in steel and high-strength alloys, and can support the clean energy industry as a component in large-scale batteries for storing electricity generated from wind and solar.

Mining

Uranium Mining

Energy Fuels is a leading uranium mining company in the United States. They provide nuclear fuel for power plants in the US and around the world. Energy Fuels operates several uranium mines in Colorado, Utah, and Wyoming. They also have a state-of-the-art milling facility that processes the uranium ore. With their experience and expertise, Energy Fuels is a leader in the uranium mining industry.