Podcasts about energy fuels

Interview with Colin Healey, CEO, Premier American UraniumOur previous interview: https://www.cruxinvestor.com/posts/premier-american-uranium-tsxvpur-on-uraniums-future-in-powering-the-clean-energy-transition-6793Recording date: 17th June, 2025Premier American Uranium has announced a transformative acquisition of Nuclear Fuels, expected to close in mid-to-late August 2025, that more than doubles the company's Wyoming exploration footprint and positions it as a major pure-play uranium exploration company focused on US assets. The strategic combination creates 20-42 million pounds of combined exploration targets, representing a 150-250% increase in the company's resource potential.The acquisition brings together complementary assets with significant operational synergies. Nuclear Fuels' flagship Kaycee property contains 12-30 million pounds of exploration targets, while Premier's Great Divide Basin Cyclone project holds 8-12 million pounds. Both properties benefit from strategic positioning near existing processing facilities, including proximity to Ur-Energy's Lost Creek project and Energy Fuels' Nichols Ranch, enabling potential toll processing agreements once critical mass of 7-10 million pounds is achieved.A unique aspect of the transaction is the existing enCore Energy buyback option on the Kaycee project. Once Premier delivers a 15 million pound measured and indicated resource, enCore can acquire 51% of the resource for 2.5 times exploration costs, providing attractive downside protection. CEO Colin Healey noted that with an estimated $20 million exploration cost, the reimbursement would be "$50 million for 51% of 15 million pounds - an extremely attractive takeout valuation."The combined entity will exceed $100 million market capitalization, qualifying for major US exchange listing and URA ETF inclusion, significantly enhancing market access and liquidity. With Nuclear Fuels already conducting 100,000 feet of drilling at Kaycee ($3-4 million budget) and Premier planning 20,000 feet at Cyclone ($750,000), the companies maintain a healthy combined cash position supporting multi-year exploration programs.This acquisition comes amid unprecedented bipartisan US government support for domestic uranium production, with federal goals including quadrupling nuclear capacity by 2050 and adding 10 new reactors by 2030, creating a favorable backdrop for US-focused uranium developers.Learn more: https://cruxinvestor.com/companies/premier-american-uraniumSign up for Crux Investor: https://cruxinvestor.com

Streit eskaliert – Gewinne im Tesla Put sichern

Interview withMark Chalmers, President & CEO of Energy Fuels Inc.Marty Tunney, COO of IsoEnergy Ltd.Recording date: 30th May 2025The uranium sector stands at a critical inflection point where mounting supply constraints intersect with unprecedented political support and surging nuclear demand, creating compelling conditions for sustained price appreciation and outsized returns for positioned investors.*Supply-Demand Fundamentals Favor Higher Prices*A fundamental supply shortage looms as existing high-grade uranium deposits deplete while replacement projects face significantly higher development costs. Energy Fuels CEO Mark Chalmers warns that future supply sources remain uncertain: "I don't know where it's going to come looking out five or 10 years because some of the best deposits are being mined right now and they're depleting themselves." The replacement cost dynamics are stark—new uranium production must cover exploration, permitting, infrastructure development, mining, and reclamation costs at price levels far exceeding historical norms.Current spot prices around $60-70 per pound remain well below the $100+ incentive pricing required to trigger meaningful new production. This creates a supply response lag that could persist for years even after prices reach incentive levels, given the extended timelines required for uranium project development and regulatory approval.*Political Tailwinds Accelerate Market Dynamics*Uranium benefits from rare bipartisan political support driven by energy security and decarbonization imperatives. Recent executive orders from the Trump administration targeting critical mineral supply chains reinforce government commitment to domestic uranium production. As Chalmers notes: "The ongoing support by both parties actually for nuclear power and reestablishing our ability to mine and produce nuclear power, including small modular reactors is gaining momentum."The Russian uranium ban, formally taking effect in 2028, will remove a significant supply source from Western markets. Industry leaders expect accelerated implementation due to geopolitical tensions, compressing the timeline for supply shortfalls. Simultaneously, China's aggressive nuclear expansion creates additional demand pressure, with the capability to construct reactors in 18 months versus multi-year Western timelines.Established Producers Positioned to BenefitMarket dynamics increasingly favor proven producers over development-stage companies. Many newer uranium companies have overcommitted on delivery contracts while struggling with operational challenges.  Infrastructure advantages amplify competitive positioning. Energy Fuels' White Mesa Mill serves as the primary conventional uranium processing facility in the United States, creating a strategic bottleneck that generates high-margin toll processing revenue. Companies without processing access face limited options, as IsoEnergy's Marty Tunny explains: "If you don't have access to the White Mesa Mill and you're a conventional hard rock miner in the USA, you don't have anywhere in the next 5 to seven years to process your ore."*Technical Advantages Emerge*Recent operational challenges at in-situ recovery operations highlight advantages of conventional hard rock mining methods. Conventional mining offers greater operational control, cost predictability, and flexibility compared to ISR techniques. This technical differentiation becomes increasingly valuable as the industry recognizes that uranium mining complexity exceeds that of other commodities.*Investment Implications*The uranium investment thesis centers on classic supply-demand imbalance amplified by geopolitical factors and infrastructure constraints. Companies with existing production capabilities, processing facilities, and proven operational track records appear positioned to benefit disproportionately from emerging market dynamics. The combination of political support, supply constraints, and rising demand creates conditions for sustained higher uranium prices, particularly benefiting North American producers with strategic infrastructure assets and established utility relationships.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-what-us-automotives-want-7028Recording date: 2nd May 2025Energy Fuels is emerging as a standout player in the critical minerals sector, with its unique dual focus on uranium and rare earth elements production. The company recently demonstrated its operational capabilities by producing 151,400 pounds of uranium in April 2025 from its Pinyon Plane mine, achieving higher-than-expected grades of approximately 1.6%.Led by industry veteran Mark Chalmers, who brings 49 years of global uranium production experience, Energy Fuels has strategically positioned itself to capitalize on growing supply constraints in the uranium market. Chalmers offers a sobering assessment of the global uranium supply situation, noting that the best deposits worldwide are depleting while new discoveries remain limited, unpermitted, and undeveloped.The company's White Mesa Mill represents a significant competitive advantage, with the flexibility to switch between uranium and rare earth processing based on market conditions. This capability allows Energy Fuels to respond with unusual agility to customer demands and price fluctuations.Beyond current production, Energy Fuels is advancing multiple mining projects including Roca Honda in New Mexico, Bullfrog, and potential restarts at the La Sal Complex, Energy Queen, and Whirlwind mines. The company emphasizes "pounds above the ground" rather than just theoretical resources.Energy Fuels has positioned itself to potentially provide 50-100% of US demand for multiple critical minerals, aligning perfectly with governmental priorities for secure domestic supply chains. Despite strong federal support, regulatory and permitting challenges remain significant barriers to rapid industry expansion.Chalmers believes uranium prices must rise "well into the hundreds" per pound to incentivize new production and ensure long-term industry sustainability. With uranium currently trading around $70/lb and production costs at approximately $40/lb, Energy Fuels stands to benefit substantially from this anticipated price appreciation while executing its unique strategy in critical minerals.Learn more: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Description: Energy Fuels CEO Mark Chalmers joins Wealthion's Trey Reik to reveal how his company is leading America's rare earths comeback, and why critical minerals are becoming one of today's biggest untapped investment opportunities. For this second part of our Rare Earths special coverage, Mark explains how Energy Fuels is transforming from a uranium and vanadium producer into a rare earths leader, securing world-class projects in Brazil, Australia, and Madagascar to help reduce America's dangerous dependence on China. Discover why rare earths, especially those used in EVs, wind turbines, and defense technologies, are essential for the future of energy and national security. Key Topics: - Why magnets drive the rare earths story - How China seized rare earths dominance - Why thorium processing sets Energy Fuels apart - The global race to secure critical minerals - Why the rare earths boom is just beginning Would you like to hear more about SCP and its rare earth mineral projects? Get their white paper here: https://wealthion.com/rare-earth-metals/ Chapters: 1:42 - Energy Fuels: America's Secret Powerhouse in Uranium & Vanadium 2:03 - Vanadium's Superpower: The Metal That Doubles Steel's Strength 3:12 - How Energy Fuels Cracked the Rare Earths Code 4:40 - Monazite Revealed: The Tiny Ore with Massive Potential 6:27 - Rare Earths Uncovered: The Five Elements That Matter Most 7:31 - Traveling in Packs: Why Rare Earths Always Stick Together 8:54 - Magnets Rule: The Hidden Force Behind the Rare Earth Boom 11:40 - China's Monopoly: How They Took Over the Rare Earths Market 16:54 - Building America's Rare Earths Comeback: Energy Fuels' Bold Mission 24:21 - From Madagascar to America: The Economics of Moving Rare Earth Sands 28:46 - Why the Mining Titans Missed the World's Best Rare Earth Find 30:48 - Energy Fuels' Secret Weapon: Mastering Separation & Storage 35:35 - The 2028 Vision: How Energy Fuels Plans to Lead the Rare Earths Race 37:18 - Billion-Dollar Blueprint: How Much Will It Cost to Win? 39:11 - Will the U.S. Government Supercharge America's Rare Earth Dream? 40:50 - Rare Earths 2.0: Why This Could Be the Start of a Massive Boom Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4jLZpOO Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #RareEarths #Uranium #CriticalMinerals #EnergyTransition ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Interview with VP of Critical Minerals, Debra BennethumOur previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyse-uuuu-reshoring-critical-mineral-production-back-to-the-us-6878Recording date: 23rd April 2025Energy Fuels stands at a pivotal moment in its corporate evolution, transforming from a 45-year veteran uranium producer into potentially America's premier rare earth elements processor. This strategic pivot capitalizes on the company's existing infrastructure, technical expertise, and unique competitive advantages in an increasingly critical sector. The rare earth oxide produced by Energy Fuels—particularly neodymium-praseodymium (NDPR)—is essential for manufacturing permanent magnets used in electric vehicle motors, wind turbines, and defense applications. Unlike many aspirational rare earth companies, Energy Fuels has already commissioned a 1,000-ton per annum production facility at its White Mesa Mill with plans to expand to 6,000 tons by 2028, demonstrating real production capability rather than conceptual plans.The company's strategic advantage stems from its approach to processing monazite sand—a byproduct of heavy mineral sand operations—which provides a more favorable cost structure than competitors. Critically, Energy Fuels' uranium processing expertise, existing facilities, and regulatory permits create significant barriers to entry for potential competitors, as monazite contains uranium that must be properly processed and managed. This positions Energy Fuels as potentially the only American company that can economically process this valuable rare earth source at scale, with the company's leadership believing they can compete with Chinese producers on cost—a critical factor for securing automotive contracts.Recent additions to the leadership team enhance this competitive position. Debra Bennethum, who joined as VP of Critical Minerals in June 2024, brings 13 years of procurement and supply chain experience at General Motors, including direct involvement in sourcing critical minerals for EV batteries and drive units. This automotive industry expertise provides Energy Fuels with invaluable insights into OEM procurement processes and requirements, potentially accelerating customer acquisition and contract negotiations.The timing for Energy Fuels' strategic pivot appears opportune. Recent Chinese export restrictions on seven rare earth elements have highlighted vulnerabilities in global supply chains, accelerating automotive manufacturers' interest in securing domestic supplies. The semiconductor shortage during the pandemic further prompted OEMs to develop more direct relationships with material suppliers to avoid similar disruptions. These dynamics create strong tailwinds for Energy Fuels as it develops its rare earth business.For investors, Energy Fuels offers a compelling combination of execution progress and substantial market opportunity. The company has already secured validation partnerships with manufacturers like POSCO International, with potential for product to enter saleable vehicles as early as this year. The automotive industry's typical 5-7 year contract structures for vehicle programs offer visibility for potentially stable, long-term revenue streams. Additionally, Energy Fuels' diversified revenue approach—maintaining its uranium business while developing rare earth production—provides multiple avenues for growth while reducing concentration risk. With a feasibility study update expected by year-end and financial projections to follow in 2025, investors may soon have clearer visibility into the value proposition of what could become America's cornerstone rare earth producer in an increasingly critical mineral-dependent economy.—Learn more: https://cruxinvestor.com/companies/energy-fuels-incSign up for Crux Investor: https://cruxinvestor.com

Today, John Indall joins MIA co-hosts Janet and Greg to discuss tariffs, Executive Orders and other key pieces of federal legislation such as H.R.1042 (the Prohibiting Russian Uranium Imports Act), and more.   Jon Indall Jon Indall is a seasoned attorney and policy advisor with nearly 40 years of experience in natural resources, environmental, and administrative law. A retired partner of Comeau, Maldegen, Templeman & Indall in Santa Fe, he currently consults for former clients and serves as Senior Policy Advisor and Counsel to the Uranium Producers of America—a role he has held since 1985. Mr. Indall has been instrumental in shaping key federal legislation, including the 1992 Mill Tailings Compensation Act, the 1996 Enrichment Privatization Act, and the 2024 Prohibiting Russian Uranium Imports Act.   He has represented major players in the uranium and natural resources industries, including Laramide Resources, enCore Energy, Energy Fuels, Premiere American Uranium, and the Uranium Producers of New Mexico, in matters ranging from permitting and litigation to toxic tort defense and reclamation. A respected voice in the mining sector, he has presented at numerous national and regional industry conferences and authored “A New Dawn for Uranium” for the Rocky Mountain Mineral Law Foundation. Mr. Indall is a Board Member of Premier American Uranium and was recognized with the Doc Weiler Professionalism Award by the New Mexico Mining Association and a Lifetime Legal Advisor Award by the New Mexico Mining Museum. He holds a B.A. (1971) and J.D. (1974) from the University of Kansas and is admitted to practice before numerous courts, including the U.S. Supreme Court.

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-critical-minerals-hub-takes-shape-in-united-states-6778Recording date: 21st March 2025Energy Fuels (NYSE: UUUU) stands at the forefront of America's critical minerals renaissance, offering investors a rare opportunity to capitalize on the urgent national push to secure domestic supply chains. Unlike most players in this space who remain in planning stages, Energy Fuels has already produced rare earth products at its White Mesa Mill, demonstrating operational capabilities that set it apart from competitors.The company's strategic vision extends beyond mere production to creating an integrated hub for at least ten commercially recoverable critical elements. This diversified approach spans uranium, rare earth elements, and heavy mineral sands, providing multiple revenue streams and reducing single-commodity risk. CEO Mark Chalmers' five-year strategy of building this capability has positioned the company perfectly to benefit from the new administration's emphasis on reshoring critical mineral production.Energy Fuels' international partnerships further strengthen its competitive position. Its strategic alliance with South Korean industrial giant POSCO creates a pathway to transform their rare earth materials into high-value magnets for electric vehicles and other applications, potentially as soon as this year. Meanwhile, projects advancing in Madagascar and Australia will secure long-term feedstock supplies while generating cash flow through titanium and zirconium production.The company's ambitious "Project 2028" aims to supply 50% of America's rare earth needs by that year, representing substantial scaling potential from current operations. With Final Investment Decisions advancing on multiple projects, Energy Fuels expects to demonstrate the economic viability of its integrated approach by year-end.For investors seeking exposure to critical minerals without Chinese supply chain risk, Energy Fuels offers a unique combination of current production, advancing projects, strategic partnerships, and strong government alignment. As global competition for these essential materials intensifies, Energy Fuels' first-mover advantage and execution track record position it to capture significant value in this rapidly evolving market.—View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Curtis Moore of Energy Fuels discusses the company's operations in uranium mining and its recent expansion into rare earth elements. He highlights the current market dynamics for uranium, the company's production capabilities, and the strategic acquisitions made to secure a supply chain for rare earths. Curtis also provides insights into the financial performance of Energy Fuels and its future prospects in the multi-commodity mining sector.

Interview with Mark Chalmers, President and CEO, Energy FuelsOur previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-fixing-the-us-critical-mineral-shortage-6650Recording date: 2nd of March, 2025Energy Fuels is positioning itself as "three companies in one" by developing operations across uranium production, rare earth elements processing, and heavy mineral sands. CEO Mark Chalmers is leading the company's strategy to create a comprehensive critical minerals hub in the United States, addressing domestic supply chain security concerns.The company maintains its primary identity as a uranium producer, with Chalmers bringing 49 years of industry experience. Despite having production capability, Energy Fuels chose not to sell uranium in Q4 due to spot prices ($65/lb) being below replacement value. The company has secured four long-term contracts with capacity to sell up to 300,000 pounds in 2025, and is ramping up production at sites including the Pinyon Plain mine, described as "the richest uranium project in the history of the United States."A significant achievement has been the agreement with the Navajo Nation regarding ore transportation, characterized as a "win-win" situation that creates opportunities for future collaboration on cleanup efforts.On the rare earth front, Energy Fuels has demonstrated production capabilities at its White Mesa Mill, producing on-spec neodymium-praseodymium (NdPr) oxide in just one week. The company built its processing plant for $20 million, compared to industry standards that would typically cost "hundreds of millions of dollars."Energy Fuels is advancing three major projects toward Final Investment Decision (FID): the Toliara heavy mineral sands project in Madagascar (early 2026), the Donald project in Victoria (mid-2025), and Phase 2 expansion at White Mesa Mill (end of 2025). These projects represent significant growth potential but require substantial financing, which the company is actively pursuing.Despite posting a $48 million loss, with approximately $10 million attributed to transaction costs from the Base Resources acquisition, Chalmers defends the company's spending as necessary to unlock the value of world-class assets that "we believe is worth billions."The market dynamics appear favorable, with uranium term prices at $82+ versus $65 spot, reflecting utility concerns about future supply. Chalmers expressed skepticism about the industry's ability to meet growing nuclear fuel demand, predicting that price increases would be triggered by production disappointments from projects that fail to deliver.Energy Fuels is positioning itself as a key player in U.S. critical minerals security, with Chalmers planning to engage the Trump administration about how the company could help address "50% of the United States' critical elements" needs for rare earths with projects that are "world scale" and "low cost."Learn more: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

I start off with an update from Curtis Moore of Energy Fuels with an update on the Pinyon Mine in Northern Arizona, an agreement with the Navajo Nation, protests over uranium and a very interesting account of the process from mining to actual enrichment of uranium for power generation.   Next up, Congressman Abe Hamadeh joins me for a D.C. update talking tariffs, DOGE, the cartels, Europe and our international presence, USAid and more.    Finishing up with Olivia and the most dangerous roads in the US, 5 in Arizona, a push to rid school lunches of additives and a possible law to curtail cell phone use by K-12 students. 

In this episode of Dream It, Do It, we're continuing the high-performance series by tackling a game-changer: energy management. Because let's be real—what's the point of big goals if you don't have the energy to enjoy them? I'm pulling from my background in health and fitness to break down how small, intentional shifts in movement, nutrition, and daily habits can help you stay in a state of peak performance—without the burnout. We'll talk about what's actually draining your energy (hint: it's not just your to-do list) and how to reclaim your time, vitality, and mental clarity. I'm also diving into the sneaky ways people and tasks can zap your energy—and how to spot and shift those patterns before they take over. By the end of this episode, you'll have practical, doable strategies to protect your energy and keep yourself feeling clear, powerful, and fully charged for the things that actually matter. Referenced Resources Mentioned in this Episode: Follow Me on Instagram  Join Dream It, Do It Wellness molly@mollyasplin.com Book a FREE 45 Minute ClarityCoaching Session with Me Growth Day Deep Work by Cal Newport The Energy Bus by Jon Gordon Episode 182: The High- Performance Trap - Why More Action Isn't the Answer Episode 181: How to Fuel Your Growth by Connecting with Mentors and Inspiring People Episode 180:  Intentional Friendships: How to Build Meaningful Connections in a Busy World Thank you for listening to this episode! Please take a screenshot and share your biggest takeaway on your Instagram stories and tag me @molly.asplin so that I can shout you out! Until next time,   Molly Asplin  

Interview with Mark Chalmers, President & CEO of Energy FuelsOur previous interview:  https://www.cruxinvestor.com/posts/energy-fuels-nyse-uuuu-multi-phase-plan-to-overcome-us-critical-minerals-shortage-6377Recording date: 3rd February 2025Energy Fuels (NYSE: UUUU) is emerging as a unique way for investors to gain exposure to two of the most critical inputs to the clean energy transition - uranium and rare earth elements. As the leading US-based uranium producer with a growing rare earths business, Energy Fuels offers significant upside potential that the market appears to be overlooking.On the uranium side, Energy Fuels is the leading US-based producer with about 1 million pounds per year of current production and a path to 2-6 million pounds over the next several years from a combination of its own mines, toll milling agreements, alternate feed, and ore purchases. This flexible "hub and spoke" model positions Energy Fuels to be the dominant uranium supplier to the US nuclear fleet, which requires about 50 million pounds per year, much of which is currently imported.The company's rare earth elements business, based at its White Mesa Mill in Utah, is ramping up to produce rare earth carbonates and oxides vital for electric vehicle motors and wind turbine generators. Energy Fuels began producing a high purity mixed rare earth carbonate in 2021 and is now moving towards individual separated rare earth oxides with a definitive feasibility study underway to expand capacity 5-10x by 2027. Successful execution would establish Energy Fuels as the first major US-based rare earths processor.The macro backdrop for Energy Fuels could hardly be more favorable. Governments around the world are embracing nuclear power as a 24/7 zero-carbon energy source, supporting robust growth in uranium demand for the foreseeable future. Meanwhile, the US and other Western nations are rushing to build domestic critical mineral supply chains after decades of relying on China, which currently controls 80%+ of rare earths production and processing. This is driving government support and capital into the sector.Despite this compelling setup, Energy Fuels trades at a significant discount to its uranium peers and the market is essentially ascribing no value to the rare earths business. The company's uranium assets alone are worth more than the current enterprise value based on most price to net asset value estimates. That means investors can gain exposure to a strategic US rare earths producer essentially for free at current valuations - a mispricing that is unlikely to persist as commercial contracts are signed.Energy Fuels' recent deal with the Navajo Nation to transport ore and assist with mine cleanup shows strong stakeholder relationships and de-risks the investment case. When combined with the company's first mover status and deep technical know-how, Energy Fuels stands out as a compelling way to play the global energy transition and rising geopolitical importance of critical minerals supply chains. Energy investors with a long-term time horizon should consider adding exposure at these levels before the market catches on to the opportunity.—Learn more: https://cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy FuelsOur previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-base-resources-acquisition-approved-5897Recording date: 6th of December, 2024Energy Fuels (NYSE: UUUU), a leading U.S. uranium producer, has received significant news with the Madagascar government lifting a five-year suspension on its Toliara heavy mineral sands project. This development marks a major milestone in the company's strategy to build a critical minerals hub around its core uranium business.The Toliara project, acquired through the purchase of Base Resources in October 2024, is described by CEO Mark Chalmers as a "world-class, low-cost, world-scale heavy mineral sand project with millions of tons of monazite." The company plans to begin a 14-month final investment decision process, with potential construction starting in early 2026 and production targeted for 2028.While diversifying into critical minerals, Energy Fuels maintains its position as the largest uranium producer in the United States. The company operates multiple mines, including Pinyon Plain and La Sal, with plans to restart the Whirlwind mine in spring 2025. Its White Mesa Mill in Utah currently has approximately one million pounds of uranium in its processing pipeline.The company's financial position remains strong, with $180 million in working capital and zero debt. Energy Fuels has already sold 450,000 pounds of uranium in 2024 at an average price of $84 per pound, with only 300,000 pounds committed for 2025, providing exposure to potential price increases.In the broader uranium market, Chalmers notes that while current prices in the high $70s per pound are sufficient for existing projects with paid-off capital costs, the market needs to consider a "fully-loaded" price that accounts for finding, permitting, building, and operating new projects. This suggests potential upward pressure on uranium prices to incentivize new supply.The company's strategic positioning aligns with increasing U.S. focus on domestic critical minerals production. While not currently relying on government funding, Energy Fuels is positioning itself for potential large-scale support, with Chalmers indicating future funding requests could be in the billions rather than millions of dollars.The scale of the challenge in domestic uranium production is significant. With U.S. annual uranium consumption at 45 million pounds, Chalmers provides perspective on production targets: "To get up to about 5 million pounds of uranium is a big step for the sector in the United States. To get to 10 is a huge step... that's not going to happen anytime soon."Energy Fuels' combination of operational uranium assets, critical minerals development, and strong balance sheet positions it as a key player in the U.S. strategic minerals sector, with multiple catalysts for growth ahead.Learn more: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

On this week's episode, we explore the uranium industry in southeaster Utah. We speak with Sarah Fields of Uranium Watch to hear the latest on projects in Green River, mining in La Sal and milling at White Mesa Mill in San Juan County. Leona Morgan, co-founder of Haul No! talks about recent community responses to the hauling of uranium ore from the Pinyon Plain Mine to the White Mesa Mill via Navajo Nation lands, and Curtis Moore, SVP at Energy Fuels discusses their practices and safety of ore transport. - More information on Uranium Watch is available at: • https://uraniumwatch.org/ - For more on the organization Haul No! • https://haulno.com/ - Energy Fuels' website is: • https://www.energyfuels.com/

Interview with Philip Williams, Director & CEO of IsoEnergy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/consolidated-uranium-tsx-v-cur-on-path-to-become-a-significant-multi-asset-uranium-producer-4193Recording date: 5th September 2024IsoEnergy, a uranium developer and explorer, is strategically positioned to benefit from the growing global demand for nuclear energy and the anticipated supply shortage in the uranium market. Led by CEO Philip Williams, the company is advancing high-grade uranium projects in Canada while simultaneously restarting mines in Utah, USA, offering investors exposure to both near-term production and long-term growth potential.The uranium market is experiencing increased investor interest, driven by the global push for clean, reliable baseload electricity. Despite recent equity volatility, industry fundamentals remain strong, with a widening gap between supply and demand. Years of underinvestment following the Fukushima incident in 2011 have constrained supply, while demand is rebounding as nations commit to reducing carbon emissions and recognize nuclear power's role in the energy mix.IsoEnergy's flagship asset is the Hurricane resource in Canada's Athabasca Basin, boasting the highest grade undeveloped uranium project globally at 34.5%. The company is also focused on bringing past-producing mines in Utah back into production, including the recently reopened Tony M mine. This dual approach allows IsoEnergy to pursue near-term cash flow while developing its high-grade Canadian assets.The company's strategic focus on Canada, the United States, and Australia provides jurisdictional diversification and mitigates geopolitical risks. IsoEnergy's financial position is robust, with over $40 million in cash and nearly $30 million in equities, supported by strong institutional backing. Major shareholders include NexGen Energy (33%) and Energy Fuels (5%), providing stability and industry expertise.IsoEnergy's growth strategy involves both organic development and strategic acquisitions, targeting projects that can be brought into production within 3-5 years. The company aims to grow its production profile from an initial target of 1.5 million pounds annually to potentially 5-7 million pounds through strategic additions.A significant asset in IsoEnergy's portfolio is the Coles Hill project in Virginia, which has the potential to produce 5-7 million pounds of uranium annually. While currently subject to regulatory hurdles, the project could become a game-changer for U.S. domestic uranium production as the country seeks to reduce reliance on foreign sources.IsoEnergy's operational approach demonstrates efficiency, with minimal capital expenditure required for mine restarts due to well-maintained infrastructure. The company's partnership with Energy Fuels for ore processing provides additional operational synergies and expertise.The uranium market exhibits seasonal patterns, with historically stronger performance in the latter part of the year. As various companies attempt to restart production, challenges in meeting targets and controlling costs may further highlight the value of reliable, low-cost producers like IsoEnergy.For investors, IsoEnergy offers a compelling opportunity in the uranium sector, combining high-grade assets, near-term production potential, and strong financial backing. The company's diversified portfolio and strategic positioning align well with the macro trends driving the uranium market, including growing global demand for clean energy, concerns over energy security, and technological advancements in nuclear power.As the world increasingly turns to nuclear power as part of the clean energy transition, IsoEnergy is well-positioned to play a crucial role in meeting future uranium demand, potentially offering significant value creation for investors in the coming years.View IsoEnergy's company profile: https://www.cruxinvestor.com/companies/isoenergySign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-us-uranium-giant-becoming-critical-minerals-powerhouse-5854Recording date: 5th September 2024Energy Fuels (NYSE:UUUU) is positioning itself as a unique player in the critical minerals sector, leveraging its established uranium production capabilities to pioneer an ambitious entry into the rare earth elements (REE) market. This strategic pivot, highlighted by the recent shareholder-approved combination with Base Resources, could potentially reshape the company's future and offer significant opportunities for investors looking to capitalize on the global clean energy transition.CEO Mark Chalmers describes the Base Resources acquisition as "company-changing," providing Energy Fuels with access to heavy mineral sands operations and the Toliara project in Madagascar. The key attraction is the project's rich monazite content, a mineral abundant in rare earth elements. Chalmers estimates that the Toliara project could yield 50-60,000 tons of monazite annually, comparable to the production scale of major player Lynas Rare Earths.This influx of monazite positions Energy Fuels to significantly scale up its rare earth element production. The company plans to process this monazite at its existing facilities in the United States, creating a vertically integrated rare earth supply chain outside of China – a strategic advantage given current geopolitical tensions and the push for supply chain diversification in critical minerals.Energy Fuels' strategy extends beyond just acquiring new resources. The company is actively diversifying its supply chain across multiple countries, including Brazil, Australia, and Madagascar, in addition to its U.S. operations. This geographical spread helps mitigate risks associated with single-source dependencies and aligns with global efforts to create resilient supply chains for critical minerals.While the rare earth elements business is an exciting new frontier for Energy Fuels, the company isn't abandoning its uranium roots. Uranium production is expected to provide a stable revenue stream as the company develops its REE capabilities. This dual focus on uranium and rare earth elements provides Energy Fuels with a unique position in the market and potentially offers investors exposure to two critical sectors of the clean energy transition.The company's unique business model, straddling both uranium and rare earth elements production, presents an interesting valuation proposition for investors. Traditional mining companies and rare earth processors often trade at different multiples, reflecting the different dynamics of their respective markets. Energy Fuels' blended approach to valuation could potentially unlock significant value for investors as the market begins to fully appreciate the company's diversified portfolio.Investor should still keep the challenges and risks involved in mind. The rare earth elements market is known for its price volatility, which can impact profitability. Developing new mining projects and scaling up rare earth processing capabilities will require significant capital expenditure and time. The company will need to navigate regulatory hurdles, especially given the radioactive nature of some of the materials it processes.Despite these challenges, the market opportunity for Energy Fuels appears substantial. The global push towards electrification and renewable energy is driving increasing demand for both uranium and rare earth elements. As countries and companies seek to secure supplies of these critical minerals from stable, environmentally responsible sources, Energy Fuels' positioning as a Western supplier could prove advantageous.For investors seeking exposure to the critical minerals sector and the clean energy transition, Energy Fuels presents an intriguing opportunity. The company's success will hinge on its ability to execute its ambitious plans, navigate market volatility, and establish itself as a key player in the global rare earth elements market. As always, thorough due diligence and careful consideration of the risks alongside the potential rewards are essential when considering an investment in this evolving sector.View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-diversified-critical-minerals-play-with-strong-balance-sheet-and-ramp-up-5789Recording date: 31st August 2024Energy Fuels, a long-standing player in the uranium industry, is embarking on an ambitious strategy to transform itself into a diversified critical minerals company. This 500-word summary outlines the key aspects of their evolving business model and the potential implications for investors.At the core of Energy Fuels' strategy is a pivot from being primarily a uranium producer to becoming a key player in the broader critical minerals space, particularly focusing on rare earth elements and medical radioisotopes. This diversification is designed to capitalize on the growing demand for materials essential to the clean energy transition and advanced technologies.The company's unique position stems from its expertise in handling radioactive materials and its ownership of the White Mesa Mill in Utah. This infrastructure gives Energy Fuels a competitive advantage, allowing it to process both uranium and rare earth-bearing minerals like monazite, which often contain uranium.Energy Fuels is actively pursuing acquisitions of heavy mineral sand projects rich in monazite. These projects, such as the Bahia project in Brazil, have the potential to produce substantial amounts of rare earth elements along with uranium. The company aims to position itself as a major Western supplier of rare earth elements, potentially rivaling the production scale of significant players outside of China.In the uranium sector, Energy Fuels maintains its strong position with three operating mines and plans to restart its mill for uranium recovery. This keeps the company well-positioned to benefit from an anticipated upturn in uranium prices driven by growing nuclear power demand and supply constraints.The company is also exploring opportunities in the medical radioisotope market, leveraging its expertise in handling radioactive materials to potentially enter the cancer treatment sector. This move could open up another revenue stream and further diversify the company's portfolio.Energy Fuels' long-term vision, as articulated by CEO Mark Chalmers, is to become a sustainable, dividend-paying company focused on critical minerals for the energy transition. This approach aims to create a more stable business model that can weather market volatility while capitalizing on multiple high-growth sectors.For investors, this strategy offers several potential benefits:Diversified exposure to critical minerals markets, reducing reliance on any single commodity.Potential for significant growth as demand for rare earth elements and other critical minerals increases.Established infrastructure and expertise providing a competitive advantage in processing complex ores.Maintained exposure to the uranium market, which many analysts expect to see price increases in the coming years.However, this strategy also comes with risks. The success of this diversification depends on effective execution across multiple fronts, requiring significant capital investment and management of complex market dynamics. The rare earth element market, in particular, is highly competitive and dominated by Chinese producers.Additionally, the company's performance will be tied to the broader adoption of clean energy technologies and the continued growth of nuclear power, which could be affected by regulatory changes, public perception, or technological disruptions.In conclusion, Energy Fuels' strategic pivot represents a bold move to position itself at the heart of the critical minerals supply chain for the clean energy transition. While the strategy comes with execution risks, it also offers the potential for significant value creation if successful. Investors considering Energy Fuels should closely monitor the company's progress in implementing this diversified strategy and its ability to establish itself as a key player in these growing markets.—View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-pioneering-us-rare-earth-uranium-production-5536Recording date: 8th August 2024Energy Fuels, a U.S.-based critical minerals company, is strategically positioning itself for long-term success in the uranium and rare earth elements (REE) markets. With a robust financial position, growing uranium production, and strategic moves into the rare earths space, the company offers investors a unique opportunity in the evolving landscape of strategic resources.Financial Strength and Production GrowthEnergy Fuels boasts a strong balance sheet with over $200 million in cash and zero debt, providing significant flexibility in the current market environment. This financial strength allows the company to pursue growth opportunities while weathering market volatility. The company is actively producing uranium, with sales of 400,000 pounds in the first half of the year at a blended price of about $85 per pound. Energy Fuels is ramping up production, targeting 1.1 to 1.4 million pounds by year-end, with plans to increase to 2 million pounds annually in the future.A key advantage for Energy Fuels is its flexible production capabilities. The company can blend uranium from various sources, including alternate feed materials and existing inventory, resulting in attractive profit margins of 50-65% on uranium sales. This flexibility also allows Energy Fuels to offer unique contract terms to utilities, enhancing its competitive position.Strategic Diversification into Rare EarthsWhile uranium remains core to its business, Energy Fuels is actively diversifying into the rare earth elements sector. The company is advancing several projects, including the acquisition of Base Resources and the development of the Astron project in Victoria, Australia. These moves are designed to position Energy Fuels as a significant player in the global rare earths market, leveraging its existing assets and expertise while acquiring new capabilities through strategic acquisitions.Market Dynamics and Competitive PositioningThe uranium market has experienced significant volatility, but Energy Fuels' CEO, Mark Chalmers, remains optimistic about long-term prospects. The company's long operating history, existing infrastructure (particularly the White Mesa Mill), and technical expertise provide significant advantages as it pursues its growth strategy.Energy Fuels sees itself as uniquely positioned in the North American critical minerals space. As a U.S.-based producer of strategic resources, the company may benefit from increasing focus on domestic supply chains for critical minerals.Investment ConsiderationsFor investors, Energy Fuels offers several key attributes:Strong balance sheet providing resilience and flexibilityGrowing uranium production with leverage to potential price increasesStrategic diversification into rare earth elementsUnique positioning as a US-based critical minerals producerExperienced management team with a track record of navigating market cyclesValuable infrastructure assets, particularly the White Mesa MillWhile challenges remain, including market volatility and technical hurdles in rare earth production, Energy Fuels' conservative yet growth-oriented approach may appeal to investors seeking exposure to the strategic resources sector with a focus on North American production.As global demand for clean energy and advanced technologies continues to grow, companies like Energy Fuels that can provide secure, domestic sources of critical minerals are likely to play an increasingly important role. For investors willing to take a long-term view, Energy Fuels offers exposure to multiple growth drivers in the strategic resources sector, backed by a strong balance sheet and experienced management team.View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com 

Bob Thorpe joins me for the first part of the show and we hit on the DOW getting destroyed today, the economic uncertainty, who will be Harris VP pick, I guess the Shapiro from PA (she needs those electoral votes). We also hit on a crazy 9th Circuit ruling that disallows use of ID to vote in AZ. CD3 in souther AZ is too close to call and AZ could get a REALY left member of Congress. Plus Curtis Moore of Energy Fuels talks about a controversy that's developed over transport of uranium ore through the Navajo Nation.    Previous interview with Curtis Moore HERE.  https://youtu.be/5wQ_OhRK7xU?si=bdwFrEJxxZAbvQBh   —————————————— Please FOLLOW or SUBSCRIBE to the Jeff Oravits Show! RUMBLE   YouTube   ApplePodCasts   AmazonMusic   Spotify        Also on Twitter and www.TalkWithJeff.com   Disclaimer: The information provided on the Jeff Oravits Show does not constitute legal, medical, financial or tax advice.  All information is the opinions of the host's and his guests.  You should always seek the advice of a professional regarding any of these complex issues to make sure all circumstances of your situation are properly considered.   ——————————————

The mining company Energy Fuels transported its first shipment of uranium ore from the Pinyon Plain Mine near the Grand Canyon to the White Mesa Mill in Blanding, Utah, on Tuesday. The company plans to transport six or more truckloads of ore to the White Mesa Mill daily for the next two years. The shipping route cuts through the Navajo Nation, which banned the transportation of uranium on the reservation in 2012, and on Tuesday, Navajo Nation President Buu Nygren said that Energy Fuels is operating illegally on tribal land. Tribal laws don't apply to federal and state highways, which the company uses to transport, but President Nygren threatened to take Energy Fuels to court over the issue.

Interview with Mark Chalmers, CEO, of Energy Fuels and Phil Williams, CEO of IsoEnergyRecording date: 29th July 2024Uranium Investment: A Strategic Opportunity in the Evolving Energy LandscapeThe global energy sector is transforming significantly, driven by increasing demand for clean, reliable power sources. In this context, uranium and nuclear energy are gaining renewed attention from investors, utilities, and policymakers alike. This resurgence presents a compelling investment opportunity, particularly in the North American uranium market.The fundamental case for uranium investment is underpinned by a growing supply-demand imbalance. Years of underinvestment in new uranium projects and the gradual depletion of existing mines have created a structural deficit in the market. As President and CEO of Energy Fuels, Mark Chalmers emphasizes, "You got to replace those pounds, and we know that's getting more expensive around the world." This supply constraint is occurring against a backdrop of increasing global energy demands and a push for clean power sources to address climate change concerns.Geopolitical factors are also reshaping the uranium market. The Russia-Ukraine conflict has highlighted the risks associated with dependence on Russian uranium supplies, prompting a shift towards secure, domestic sources. Phil Williams, CEO of IsoEnergy, notes, "Domestic utilities are looking for domestic supply." This trend is creating new opportunities for North American uranium producers, who benefit from established infrastructure and favorable jurisdictions.The uranium spot price has shown significant volatility, reaching highs above $100 per pound before settling in the mid-$80s range. While short-term price movements can be influenced by various factors, the long-term outlook appears positive. Williams explains, "Prices need to be higher to do exactly what Mark said, which is to replace depleting uranium." This suggests that current uranium prices may not be sustainable, given the costs of developing new projects.For investors looking to gain exposure to the uranium market, there are several avenues to consider. Established producers like Energy Fuels offer immediate exposure to potential price increases, with the benefit of diversifying into other critical minerals. Near-term producers such as IsoEnergy provide potential upside as they transition from development to production phases. Exploration companies offer higher risk but potentially significant returns for major discoveries.North American uranium assets are particularly attractive, with the United States and Canada ranking highly in mining jurisdiction assessments. The Fraser Institute recently ranked Utah and Saskatchewan among the top mining jurisdictions globally, underscoring the appeal of companies operating in these regions.However, investors should be aware of the risks and challenges in the uranium sector. These include market volatility, long development timelines for new projects, public perception issues surrounding nuclear energy, and the potential for technological disruption in the energy sector.Institutional investor interest in the uranium space is growing, which could drive significant movements in uranium equities. As Williams observes, "There are increasing lists of investors coming and looking at this space that are just dipping their toe in." Given the relatively small market capitalization of the uranium sector, an influx of institutional capital could have a substantial impact.An emerging theme in the uranium investment narrative is the potential link to the growth of AI and data centers. The massive energy requirements of these technologies could drive increased demand for reliable, baseload power sources like nuclear energy. While this connection is still speculative, it represents an intriguing potential catalyst for the sector.For investors considering entering the uranium space, careful due diligence is essential. Focus on companies with strong management teams, quality assets in favorable jurisdictions, and the financial capacity to weather market volatility. As Chalmers advises, "Stick with primarily those that have assets and in many cases more than one asset to have some diversification."In conclusion, the uranium market presents a unique investment opportunity at the intersection of energy security, climate change mitigation, and technological advancement. While challenges exist, the fundamental supply-demand imbalance and growing recognition of nuclear power's role in the clean energy transition suggest a potentially bright future for uranium. As the global energy landscape continues to evolve, uranium may well play a crucial role in meeting the world's growing energy needs while addressing climate change concerns.—Learn more: https://cruxinvestor.com/companies/energy-fuelshttps://cruxinvestor.com/companies/iso-energySign up for Crux Investor: https://cruxinvestor.com

Democrats are making efforts to win an important voting bloc in the swing state of Arizona. The union representing asylum officers is backing a federal suit against the Biden administration for its asylum restrictions at the border. Energy Fuels is being accused of breaking a promise to notify stakeholders two weeks in advance before transporting uranium ore through the Navajo Nation. Plus the latest business, health, education, and metro Phoenix news.

Interview with Philip Williams, Director & CEO of Iso Energy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/isoenergy-iso-highest-uranium-grades-in-the-world-funded-669Recording date: 11th July 2024IsoEnergy (ISO.V) presents a compelling investment opportunity in the uranium sector, offering exposure to high-grade assets in top-tier jurisdictions amid a strengthening uranium market. The company's portfolio is anchored by the world-class Hurricane deposit in Saskatchewan's Athabasca Basin, boasting an exceptional grade of 34.5% U3O8 - significantly higher than the global average of 0.1%. This remarkable resource positions IsoEnergy as a potential low-cost producer in the future, with considerable exploration upside as drilling continues to expand the deposit.In addition to its Canadian flagship, IsoEnergy holds a strategic portfolio of past-producing mines in Utah, USA. The company is actively working to bring these assets back into production, with a focus on the Tony M mine. A unique toll milling agreement with Energy Fuels provides IsoEnergy with a clear path to near-term production, a significant advantage in a market where new mill construction can take years and cost hundreds of millions of dollars.Financially, IsoEnergy is well-positioned with over $50 million in cash and an additional $20 million in equities. This strong balance sheet provides the flexibility to advance projects and pursue opportunistic acquisitions in a consolidating sector. The company's strategic relationship with NexGen Energy, which owns 33% of IsoEnergy, offers financial backing and access to industry-leading expertise and potential synergies.The management team, led by CEO Philip Williams, brings extensive experience in the uranium sector and a track record of value creation through strategic acquisitions and project advancement. The board of directors, which includes key members from NexGen Energy, further strengthens the company's industry connections and technical expertise.IsoEnergy is well-positioned to benefit from the improving fundamentals in the uranium market. Growing global demand for clean, baseload power, coupled with years of underinvestment in new mines, has created a scenario where many industry observers expect uranium prices to rise significantly. The company's focus on top-tier jurisdictions like Canada, the US, and Australia aligns with the increasing emphasis on secure and ethically sourced uranium supplies.Potential catalysts for share price appreciation include ongoing drill results from the Hurricane deposit, progress on restarting US operations, and potential M&A activities. The company's high-grade assets make it particularly leveraged to increased uranium prices, which could drive outsized returns for investors.However, investors should be aware of the risks associated with uranium mining, including potential regulatory changes, public perception challenges, and the cyclical nature of commodity markets. Additionally, developing new mining projects, even in favorable jurisdictions, can face delays and cost overruns.In conclusion, IsoEnergy offers investors a unique opportunity to gain exposure to the uranium sector through a well-funded company with high-grade assets in stable jurisdictions. With strong financial backing, exploration upside, and potential for value-accretive M&A, IsoEnergy is strategically positioned to capitalize on the growing demand for clean energy and the anticipated upswing in uranium prices. For investors seeking exposure to the nuclear renaissance and the critical role of uranium in the global energy transition, IsoEnergy presents a compelling investment case with significant potential for long-term value creation.—View IsoEnergy's company profile: https://www.cruxinvestor.com/companies/isoenergySign up for Crux Investor: https://cruxinvestor.com

Interview withJack Lifton, Co-founder of Technology Metals ResearchConstantine Karayannopoulus, CEO of Neo Performance MaterialsMark Chalmers, President & CEO of Energy Fuels Inc.Recording date: 14th June 2024Energy Fuels (NYSE: UUUU) is emerging as a leading U.S. producer of two critical minerals – rare earth elements and uranium. The company's integrated business model positions it to capitalize on the global transition to clean energy, which is driving unprecedented demand for these essential materials.At the heart of Energy Fuels' rare earth strategy is the White Mesa Mill in Utah. This unique facility is the only one in the world capable of processing uranium, vanadium, and rare earths all under one roof. Energy Fuels recently commissioned a commercial-scale rare earth separation circuit at White Mesa, which can produce 2,500 tons of rare earth oxides per year, including the valuable magnet materials neodymium and praseodymium (NdPr).The plant's modular design allows for rapid expansion. Energy Fuels is already planning Phase 2, which will quadruple production capacity to meet growing demand from electric vehicles, wind turbines, and defense applications. By doing so, Energy Fuels aims to produce half of the U.S.'s rare earth needs in the coming years.To feed the White Mesa Mill, Energy Fuels is securing rare earth resources through several deals and acquisitions. The company has agreements with Chemours to process monazite sands, acquired the Bahia project in Brazil, and is in the process of acquiring a stake in Base Resources, a major mineral sands producer. These moves will provide Energy Fuels with decades of low-cost rare earth feedstock.On the uranium front, Energy Fuels is the largest U.S. producer with several operating and standby mines. Uranium prices have surged recently on supply disruption concerns and the push for carbon-free baseload power. Energy Fuels' ability to pivot between rare earth and uranium production provides flexibility and diversification.The U.S. government recognizes the strategic importance of establishing domestic rare earth and uranium supply chains. The Department of Defense has provided funding to jumpstart production, and the recently passed Inflation Reduction Act includes incentives for electric vehicle manufacturing and critical mineral development. Energy Fuels is well-positioned to benefit from these initiatives.From an investment perspective, Energy Fuels offers exposure to two critical and high-growth mineral markets. The company's vertical integration strategy de-risks its business model and allows it to capture margin along the value chain. And with China still dominating global rare earth supply, Energy Fuels provides a secure, domestic alternative for Western buyers.Rare earth and uranium market fundamentals are also improving. Industry experts believe rare earth prices have bottomed and should rise as demand rebounds. For uranium, the supply deficit is expected to widen as utilities rush to contract long-term supply. Energy Fuels is poised to benefit from these favorable macro trends.While Energy Fuels has made significant progress, the market is not yet fully valuing its rare earth potential. This disconnect provides an attractive entry point for investors looking to gain exposure to the global energy transition. As Energy Fuels executes on its plans and expands production, there is considerable room for shareholder value creation.In conclusion, Energy Fuels presents a differentiated opportunity to invest in two critical mineral supply chains – rare earths and uranium. With a proven management team, a growing asset base, and a first-mover advantage, the company is positioning itself to become a leading domestic supplier to the electric vehicle, clean energy, and defense industries. As the U.S. looks to secure critical mineral supply chains, Energy Fuels is in the right place at the right time to create significant value for shareholders.—Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

We have new drill results from Arizona Sonoran Copper, Bravo Mining and Patriot Battery Metals. American Eagle Gold adds a second drill rig at NAK. FPX Nickel begins work in Yukon. Energy Fuels achieves commercial production of separated neodymium-praseodymium. This episode of Mining Stock Daily is brought to you by...  Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport. Grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.arizonasonoran.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fireweedmetals.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Vizsla Silver is focused on becoming one of the world's largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Victoria Gold operates the Eagle Gold Mine within the Dublin Gulch Property. Eagle is the largest gold mine in Yukon's long history of gold production. In addition to the long-life Eagle Gold Mine, the Dublin Gulch property has upsized exploration potential including priority targets Raven and Lynx among others. Follow all the gold production and exploration news at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠vgcx.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Jayant Bhandari, a private strategic resource investor that consults many high-net-worth investors, joins me to review the trends he is seeing in the gold and silver stocks, some arbitrage opportunities in ongoing merger and acquisition deals, and some companies that should have nice upside torque based on their work programs or optionality to defined ounces in the ground.   Jayant believes we are in a sweet spot in the resource space where finally people can start deploying more capital into the junior side of the market, as it starts to catch up to the moves we already seen in the mid-tier and senior producers.   We talk about producers finally being more profitable and in the position to acquire smaller companies, and that some juniors are merging to mass up in size. Another topic that comes up is jurisdiction risk and jurisdiction diversification, and how investors and larger companies have been more amenable to going into more exotic locations the end of last year and into this year.  We cover a lot of topics and Jayant shares a lot of companies in his portfolio or on his radar for various reasons.   The companies discussed are:  Base Resources (BSE.AX) (BSE.L), Energy Fuels (EFR.TO) (UUUU), Blackwolf Copper and Gold (BWCG) (BWCGF), Treasure Metals (TML.TO) (TSRMF), OreCorp (ORR.AX), Perseus Mining (PRU.TO) (PRU.AX), Silvercorp Metals (SVM), Adventus Mining (ADZN.V) (ADVZF), Aztec Mining (AZT.V) (AZZTF), Newcore Gold (NCAU.V) (NCAUF), Montage Gold (MAU) (MAUTF), Irving Resources (IRV.CN) (IRVRF0, O3 Mining (OIII.V) (OIIIF), Stellar Gold (STLR.TO) (STLRF), Aris Mining (ARIS.TO) (ARMN).   In full disclosure, Shad holds shares in Energy Fuels and Silvercorp Metals at the time of this recording.   Jayant is hosting his annual Morality and Capitalism conference in Vancouver on Saturday June 1st, and information can be found here for attending the event: https://jayantbhandari.com/capitalism-morality-2024/   Click here to visit Jayant's website.

Hosts: Rusty Cannon & Greg Skordas  Roughly 1 in 5 American homes get their power from nuclear power plants. In a rare bi-partisan move, Congress has passed and President Biden has signed a bill banning imports of uranium from Russia. Curtis Moore, SVP of Marketing & Corporate Development at Energy Fuels, joins Greg and Rusty to discuss this decision about what it means for Utah’s mining operations.

Hosts: Rusty Cannon & Greg Skordas SCOTUS preserves funding for the Consumer Financial Protection Bureau KSL at Night hosts Greg Skordas and Rusty Cannon start the show discussing a rare ideological rupture between right-leaning members of the Supreme Court. In a decision to preserve the Consumer Financial Protection Bureau, Justices Alito and Gorsuch dissented from the Supreme Court’s 7-2 decision, upholding the agency’s funding mechanism as constitutional. The hosts dig into what that means for you. Special legislative session coming to discuss Millard County power plant Following up on legislation that was passed during this year’s legislative session, Governor Spencer Cox addressed the closing of a large coal-fueled power plant near Delta. The state of Utah wants to take over the plant and keep things running as usual. But is it inevitable that we’ll phase out coal-fueled power plants? The KSL at Night hosts discuss. Part 1: The support of a new educational funding amendment This November, Utahns will vote on an amendment that could change how public and higher education is funded through taxes. Supporters say changing this funding structure will help move our state’s education funding policies closer to the rest of the nation’s, while still ensuring education is sufficiently funded. Republican Member of the Utah State House, Karen Peterson, is one of the sponsors of the bill and joins Greg and Rusty to discuss this legislation. Part 2: The opposition to a new educational funding amendment Next, we take a look at the opposition to this funding plan. Former educator and current Democratic Member of the Utah State House, Carol Spackman Moss, is opposed to the proposed amendment. She helps Rusty and Greg understand a teacher’s perspective on this proposed legislation and what she’s hoping to see instead for the future of Utah education.  Sobering statistics on fentanyl use in Utah from the Department of Public Safety While Utah isn’t a border state, we still deal with the issues that come with the illicit drug trade, mostly over our southern border. According to preliminary data collected by the Department of Public Safety, there is a new king of narcotics: fentanyl. How did we get here and what are our institutions doing to protect the public from this addictive and destructive chemical? Listen to learn more about this issue. Russian imports of uranium now banned; how will it affect Utah? Roughly 1 in 5 American homes get their power from nuclear power plants. In a rare bi-partisan move, Congress has passed and President Biden has signed a bill banning imports of uranium from Russia. Curtis Moore, SVP of Marketing & Corporate Development at Energy Fuels, joins Greg and Rusty to discuss this decision about what it means for Utah’s mining operations. Taking a behind-the-scenes look into your property taxes It’s budget season for municipalities across the state, and that means officials are looking at your property taxes. In fact, just this week, Draper city officials announced that they were looking to raise $1.6 million for public safety by raising property taxes in their city. Rusty Cannon, co-host of KSL at Night, is the President of the Utah Taxpayers Association and our go-to tax expert. He fills us in on the whole budget and tax process. Fastest-growing Utah cities Our state has changed a lot over the years. The KSL at Night hosts wrap up the show with some recent data about population changes in Utah cities and share stories of growing up here. What happens when there is nowhere else left to expand? According to Salt Lake City’s development team, you’ve got to build up. Listen to learn more about what the hosts see happening in our growing state.

Billy Idol rocked, and so did Angela and I while at the same time, Olivia made her directoral debut and she joins me to share the details. Spoiled brats disrupted commencement at universities and walked out on Jerry Seinfeld, Bob Thorpe and I break that one down! An AZ women receives no jail time for allegedly poisoning her husband. Bob is now a beekeeper and my corn is growing. I chat with Curtis Moore of Energy Fuels about their Pinyon Mine in Northern Arizona and we get into our energy future, nuclear power, transporting uranium for processing, rare earth elements, a ban on Russian uranium and more.    —————————————— Please FOLLOW or SUBSCRIBE to the Jeff Oravits Show! RUMBLE   YouTube   ApplePodCasts   AmazonMusic   Spotify        Also on Twitter and www.TalkWithJeff.com   Disclaimer: The information provided on the Jeff Oravits Show does not constitute legal, medical, financial or tax advice.  All information is the opinions of the host's and his guests.  You should always seek the advice of a professional regarding any of these complex issues to make sure all circumstances of your situation are properly considered.   ——————————————

Interview with Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-amexuuuu-riding-the-uranium-wave-preparation-for-rare-earths-rebound-5019Recording date: 21st April 2024The recently announced merger between Energy Fuels and Base Resources is a transformative transaction that significantly enhances Energy Fuels' position in the rare earths sector. By acquiring the Toliara heavy mineral sands project in Madagascar, Energy Fuels gains access to a world-class asset with the potential to be a long-life, low-cost source of monazite feedstock for its growing rare earths business.The Toliara project boasts an impressive 1.4 million ton monazite resource, with an additional 800,000 ton inferred resource, making it one of the largest undeveloped deposits globally. Importantly, the monazite is contained within the heavy mineral sands at an average grade of 2%, which is relatively high and should enable low-cost extraction as a byproduct of the titanium and zircon production.Based on the DFS and PFS studies completed by Base Resources, the Toliara project has the potential to produce 22,000 tons of monazite per year over a multi-decade mine life. At full production, this could generate annual EBITDA of $350-400 million, making it a financially robust operation even before considering the rare earths upside.For Energy Fuels, securing access to this large-scale, long-life monazite supply is a key step in its strategy to become a leading global rare earths producer. The company is already in the process of commissioning its Phase 1 rare earths separation circuit at the White Mesa Mill in Utah, which will have the capacity to process 2,500 tons of monazite per year. With the addition of Toliara, Energy Fuels will have enough feedstock to support a much larger Phase 2 and 3 expansion, potentially positioning it as one of the largest non-Chinese rare earths producers.Another benefit of the transaction is the addition of Base Resources' experienced management team and operating expertise. Base has a proven track record of developing and operating heavy mineral sands projects, most notably the Kwale mine in Kenya which has been a consistent cash flow generator. This should help de-risk the development of Toliara and provide valuable knowledge sharing as Energy Fuels ramps up its own rare earths operations.From a macro perspective, the merger also enhances Energy Fuels' geopolitical positioning. With the US and other Western countries increasingly focused on securing critical mineral supply chains outside of China, having a large-scale rare earths project in Madagascar helps diversify global production. Energy Fuels' White Mesa Mill in Utah is the only licensed and operating conventional uranium mill in the US, making it a strategic asset for domestic processing of uranium and rare earths. The combination of US processing capabilities and non-Chinese monazite feedstock should be highly attractive to Western governments and end-users looking to shore up rare earths supplies.Overall, the merger with Base Resources checks a lot of boxes for Energy Fuels. It provides a large, long-life source of low-cost monazite feedstock to fuel the company's rare earths ambitions. It adds geographic diversity and operating expertise in heavy mineral sands. And it enhances the company's positioning as a strategic Western supplier of critical materials. For shareholders, the transaction brings significant rare earths exposure and growth potential, complementing Energy Fuels' existing uranium business. As the world focuses on electrification and decarbonization, Energy Fuels is positioning itself to be a key player in supplying the necessary critical minerals, which should create meaningful value over time.—Learn more: https://cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Byron King, Geologist and writer for the Paradigm Group, joins us to recap his time at PDAC earlier this month, including his outlook for a range of metals. We mainly stick to gold, copper and uranium, all of which Byron is bullish on moving forward.   On the stock front, Byron shares details on 4 companies he likes. Stillwater Critical Minerals, Metallic Metals, Granite Creek Copper, and Energy Fuels. All of the companies are focused on different commodities and each has catalysts this year.   Click here to visit the Paradigm Group website to stay up to date with Byron.

Recording date: 14th March 2024Picture a gold rush, except the treasure is not just in gold, but also in uranium and copper. That's the opportunity on the horizon for mining investors, according to industry veterans Merlin and Matt, who shared their insights from the 2024 PDAC mining conference.While the overall mood at PDAC was undeniably more subdued than the peaks of recent years, with many mining companies trading at depressed valuations, the pair see this as a golden opportunity for investors who can spot the hidden gems. As Merlin colorfully put it, many companies have hit "rock bottom," meaning the only direction from here is up.So what will light the spark for mining stocks to soar again? Merlin and Matt point to the strong supply-demand fundamentals for key commodities like uranium, gold, and copper. The uranium price has already shot up from $30/lb to over $100/lb in the last year, proving that the market rewards structural supply deficits. Gold, too, has shown its lustre, spiking $150/oz during PDAC as investors seek a safe haven from currency devaluation.But perhaps the most electrifying opportunity lies in copper. With the global energy transition in full swing, copper demand is surging for electric vehicles and renewable energy infrastructure. At the same time, supplies are constrained, setting the stage for a price breakthrough. As Merlin explained, "You've got this kind of new sources of demand, which is kind of an additional 20% on that demand load, and you've got that structural supply constraint...copper is probably next."Of course, not all mining companies will be winners in this new bull market. Merlin and Matt stress that investors need to focus on a few key attributes: high-grade deposits that can be mined economically, experienced management teams with a track record of execution, and smart marketing strategies that communicate the company's story efficiently.Some of the specific companies that caught their eye at PDAC include G2 Goldfields and Omai Gold Mines for their impressive gold projects and leadership, Collective Mining as a promising newer gold explorer, Erdene Resource Development for its strategic joint venture in Mongolia, and Energy Fuels for its well-positioned uranium assets.While every investment carries risk, the pair argue that the potential rewards in mining stocks are worth it for investors who do their homework. "If you can take a copper asset and it's good, then it's going to be valuable," Merlin noted. "It makes me think about market efficiency - if it's good, it's expensive, if it's not good, it's cheap." The key is having the knowledge to tell the difference.So could 2024 be the year of the new mining rush? The insights from Merlin and Matt suggest that the treasure map is there for investors ready to seize the opportunity. With the right strategy and a keen eye for quality, the beaten-down mining sector could be hiding some of the stock market's biggest future winners. After all, from a rock bottom foundation, there's nowhere to build but up.—Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-amexuuuu-americas-top-uranium-producer-primed-to-capitalize-on-surging-prices-4724Recording date: 2nd March 2024Energy Fuels (AMEX:UUUU) is an integrated uranium and rare earths producer uniquely positioned to capitalize on opportunities in both critical mineral sectors.The company had a breakout year with its uranium business in 2023, generating $100 million in net income after producing over 560,000 pounds of uranium. Energy Fuels is now focused on ramping up output to 1.5-2 million pounds annually at its licensed mines in the U.S. This profitable uranium production provides cash flows to support Energy Fuels' growth.The White Mesa Mill in Utah gives Energy Fuels flexibility to process uranium from its own operations and third-party producers. Buying agreements and toll milling contracts allow the company to optimize feed for the mill and lower costs. As uranium prices rise amid growing nuclear power demand, this operating leverage offers profits.Energy Fuels also has substantial rare earths upside. While uranium prices are high, rare earths prices have fallen dramatically. This creates an opportunity for Energy Fuels to acquire undervalued rare earths projects and assets. The company's strong balance sheet, with over $250 million in cash, gives it firepower for acquisitions.Energy Fuels is on track to complete its rare earth separation facility at White Mesa Mill. This will further boost its integrated rare earths capabilities, helping offset pricing risks. When rare earth prices eventually rebound, Energy Fuels will be primed to benefit.With diversified critical mineral production and assets, technical expertise, and financial strength, Energy Fuels is in an enviable position relative to mining peers. As decarbonization accelerates demand for uranium and rare earths, Energy Fuels offers unique exposure supported by real assets and cash flows._Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Interview with Bruce Lane, Executive Director of GTI Energy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/gti-energy-asxgtr-aiming-for-10mlb-uranium-mine-in-us-4798Recording date: 24th January 2024Uranium explorers with assets located in the United States stand poised to benefit enormously from the major supply-demand imbalances in the global uranium market. America's nuclear electricity generators currently require 50 million pounds of uranium annually to fuel reactors, but over 85% of this supply is imported. With ambitions to triple nuclear capacity to 100 GWe while also facing limitations on supply from major producers like Canada, Australia and Kazakhstan, uranium mining within the US is returning in earnest.Against this backdrop sits ASX listed GTI Energy, aggressively exploring and developing insitu recovery (ISR) uranium projects focused exclusively in Wyoming. Their properties in established mining districts benefit greatly from nearby technical and infrastructure validation from current ISR operations owned by Ur-Energy and Energy Fuels. GTI's Managing Director Bruce Lane explains this favorable position stating that “we're dealing with the same sort of geology, same sort of thicknesses and depth...which will give us great confidence that the economics shouldn't be too crazy".Their Lo Herma property contains an existing uranium resource with ample expansion potential, while the newly acquired Lance project also comes with historic resources that can likely be grown considerably. With the global uranium price having tripled in just the past two years on the back of intensifying supply shortages, Lane notes that the economics of historical Wyoming deposits prove viable again, explaining “we know with this uranium price that projects are economic...that's why they're switching them all back on”.Unlike hard rock or open pit mines, the ISR mining method utilized by GTI requires very little surface infrastructure or ground excavation, using injection solutions sent down drill holes to dissolve underground uranium ores. This makes permitting and development easier and more cost effective. The company estimates that a 1 million pound per year operation would require only $30-40 million in capital using ISR techniques.With uranium demand showing no signs of shrinking in America even before the more than 30 new reactors under construction come online, the window is open for GTI Energy to demonstrate sizeable low-cost uranium resources that can assist in reviving domestic nuclear fuel production. The proven ISR geology de-risks the path forward as an aggressive drilling campaign aims to expand resources rapidly amid an incredibly bullish environment for uranium prices into the foreseeable future. Nuclear utilities would welcome these future US-mined pounds to reduce import reliance and increase domestic energy security.—View GTI Energy's company profile: https://www.cruxinvestor.com/companies/gti-energySign up for Crux Investor: https://cruxinvestor.com

Welcome to another KE Report segment of Shad and Doc talk stocks! We are updating this segment with a live video showing the charts of each stock. Please let us know what you think of the format.    If you want to view the video please visit our website or YouTube page.    The stocks featured today are: Equinox Gold (NYSE: EQX) Silvercrest Metals (NYSE: SILV) Baytex Energy (NYSE: BTE) Energy Fuels (NYSE: UUUU) *This is not financial advice or recommendations for investing. This interview is for entertainment purposes only

Mark Chalmers is the President and CEO of Energy Fuels, the leading U.S. producer of uranium and an emerging global player in the commercial rare earth business.  He has consulted several key industry leaders in the uranium supply sector, including BHP, Rio Tinto, and Marubeni. Chalmers holds a Bachelor of Science in mining engineering from the University of Arizona, is a registered professional engineer, and served as the Chair of the Australian Uranium Council for ten years. He holds dual citizenship in the U.S. and Australia. To set the stage for our interview, the U.S. is the largest producer of Nuclear Power (almost double China) and 24% of our enriched Uranium comes from Russia.  The U.S. has banned Russian oil and natural gas, but not Uranium.  According to the Energy Information Administration, as of 2022, 18% of U.S. energy comes from nuclear, versus 61% from fossil fuels and 21% from renewables. This podcast is for informational purposes only. Guest speakers and their firms are not affiliated with or endorsed by PAS or Guardian. This material contains the current opinions of the speakers but not necessarily those of PAS, Guardian or its subsidiaries and such opinions are subject to change without notice. None of the organizations mentioned in this podcast have any affiliation with Guardian or PAS. Bryan Kuderna is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 50 Tice Blvd. Woodcliff Lake, NJ 07677 (973)244-4420. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Kuderna Financial Team is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #OK04194 #2023-166766 Exp. 12/25

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc. Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyse-uuuu-building-americas-critical-minerals-hub-4349 Recording date: 16th December 2023Energy Fuels (NYSE: UUUU) stands uniquely positioned among uranium producers to capture outsized gains from the unfolding nuclear renaissance. With uranium spot prices already doubling over the past year to 8-year highs near $90 per pound, the company holds a suite of production-ready assets and existing sales agreements that will drive significant cash flow expansion through the remainder of the decade.However, tailored exposure to the parallel growth in renewable energy also factors into the bull case for Energy Fuels. Management has strategically pivoted into rare earth elements (REEs), leveraging the company's White Mesa Mill to establish an emerging “critical mineral” hub that recovers both uranium and vital magnet metals from ore feedstock. This two-pronged strategy straddling both nuclear power and the wider energy transition thematically places Energy Fuels to outperform across diverging clean energy catalysts.On the uranium front, Energy Fuels is the leading American uranium producer with capacity to deliver over 30% of current US nuclear fleet demand. The company is restarting three mines during 2024 with potential to scale future production to over 5 million pounds per annum as prices rise. Existing inventories and processing flexibility also enable Energy Fuels to leverage additional regional ore sources, including from third-party uranium projects. With many nuclear utilities still well under-contracted beyond 2030, this production growth stands ready to capitalize on the supply-demand imbalance driving uranium values back to incentive levels.In parallel, Energy Fuels is adding rare earth processing at their White Mesa Mill to open 2024. Installation of a cracking and leaching circuit will establish near-term free-world sourcing of magnet rare earth oxides used in EV motors and wind turbines. While small initially, the expected Phase 2 expansion would elevate the Mill's REE output into the top echelon globally, cementing critical mineral exposure as a secondary facet of value creation. REE revenues further support ongoing uranium expansion from a cash flow standpoint while aligning with global net zero emissions trends.With cash holdings and inventory assets worth upwards of $200 million, Energy Fuels retains a solid treasury that enables the pursuit of these dual mineral production pathways without dilution risk. Potential M&A in securing additional rare earth resources also remains funded at current capitalization. As markets recognize both the immediate earnings growth and long-term strategic positioning offered through exposure to both nuclear power and renewable energy tailwinds, shares of Energy Fuels offer investors leveraged upside relative to diversified miners tethered solely to uranium or EV metals individually. The unique dual market dynamics make Energy Fuels a compelling play on supercharged energy decarbonization trends this decade. — View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuels Sign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-amexuuuu-white-mesa-mill-central-to-us-uranium-recovery-3820Recording date: 1st November 2023Energy Fuels Inc (NYSE: UUUU) is a uranium and rare earth elements mining company with assets located in the western United States. The company holds more in-ground vanadium resources than any other US producer, and its White Mesa Mill in Utah is the only fully-licensed and operating conventional uranium mill in the U.S, and with licensed capacity of 8+ million pounds of uranium per year.Energy Fuels is currently preparing to resume uranium production at its Pinyon Plain Mine and La Sal Complex, which together have an annual licensed capacity of over 1 million pounds of uranium. With the uranium market showing signs of a structural supply deficit as demand grows and supply declines, the company is well-positioned to benefit from higher uranium prices needed to incentivize new mine production. The company is building a critical minerals hub and currently recovers uranium, high-purity vanadium, REE, and potentially radium-226. Energy Fuels has produced small quantities of rare earth elements in the past and is looking to significantly ramp up production. Energy Fuels has a strong balance sheet with over $200 million in working capital and is preparing for potential M&A in both the uranium and rare earth sectors. View Energy Fuels company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc. (NYSE:UUUU)Our previous interview: https://youtu.be/CYRgRRJUahARecording date: 6th September 2023Energy Fuels is a critical mineral company led by CEO Mark Chalmers, specializing in the production of uranium, rare earth elements, and isotopes such as radium-226. The company's focus lies in contributing to the decarbonization and electrification efforts. The US rare earths supply chain, long dominated by China, is undergoing changes, with Western companies and countries seeking to establish their own capabilities in this crucial sector. However, challenges such as skill sets and knowledge gaps need to be addressed. The fragmentation of the rare earth industry has led to smaller companies realizing the need for consolidation to achieve critical mass, expertise, and financing. The complexities and costs associated with rare earth mining and production are becoming apparent, causing longer timelines and higher funding requirements than initially anticipated. Governments are beginning to recognize the importance of supporting miners in the critical minerals space, but implementation and support measures are not yet aligned. Overall, the rare earth industry faces a growing supply-demand gap, urging companies to find innovative solutions and collaborate to ensure a sustainable future.

Watch this on YouTube! The BRICS have concluded their meeting, allowing 6 new countries to join on January 1st, 2024. We need a new anagram for these 11 nations. Please come up with something better than ICE AIRBUSES. Here is a word solver.  The Fed and ECB continue to jawbone in the way of hawkish tight policy and increasing rates. 20% of traders believe them, the other 80% do not. S&P 500 had a small bounce. Gold and Silver both up, gold +1.3% & silver +6.5% for the metal. The gold miners outperformed and the silver miners lagged. We look at platinum, nickel and the bond markets. Oil is consolidating, really hoping it gets cheaper and we can add to core positions. We bring up the charts for companies you submitted. Copper is coming into an interesting buy point, especially $BHP and $RIO. Uranium has absolutely killed it the last several weeks as the spot price continues to steadily climb. We bring up the charts on $URNM, Global Atomic, GoviEx, Energy Fuels, Uranium Energy Corp, and Uranium Royalty Corp. Uranium Insider Newsletter Silver Symposium in Las Vegas Rick Rule Portfolio Review Rule Investment Classroom Connect with us! Twitter Facebook Instagram Linkedin Water Filter System I use for Perfect Water Buffalo Rounds - Precious Metals Steve Style: https://www.stevebartonmoney.com/contact-2 Website: https://www.stevebartonmoney.com/ Email: stevebartonmoney@gmail.com DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero. WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission.

ACC Executive Chairman Benji Backer is joined by Curtis Moore, VP of Corporate Development at Energy Fuels from Colorado talk about the Biden administration's recent National Monument in Arizona near the Grand Canyon, Baj Nawahvjo and how that decision impacts Energy Fuels, Inc's pursuit of minimal-impact uranium mining that provides clean energy to meet environmental […]

Watch this on YouTube! The S&P 500 looks like it is going to have a short term bounce. Gold is falling with major support at $1840. Silver is looking fantastic, but if a gold continues to fall silver is probably going to follow. We pull up the charts of companies: SilverCrest, Mag Silver, and Pan American Silver. Platinum and Nickel are looking good. Long term bonds are approaching 20 year lows. Now is the time to start adding them to your portfolio if you haven't done so already. Oil continues to perform. BHP and Rio Tinto came into buys this week. Uranium spot price has gone up, now $58.27 per pound with contracts in December at $60. We pull up Global Atomic, Goviex, F3 Uranium, Energy Fuels, Uranium Energy Corp, and Uranium Royalty Corp. Uranium Insider Newsletter Silver Symposium in Las Vegas Rick Rule Portfolio Review Rule Investment Classroom Connect with us! Twitter Facebook Instagram Linkedin Water Filter System I use for Perfect Water Precious Metals Steve Style: https://www.stevebartonmoney.com/contact-2 Website: https://www.stevebartonmoney.com/ Email: stevebartonmoney@gmail.com DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero. WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission.

Watch this on YouTube! Thank you for participating and submitting your companies. Here we bring up the charts on your stocks. We talk uranium, platinum, palladium, gold, and a REIT. Companies discussed are Goviex, Global Atomic (recent coup in Niger poses some interesting risk), Uranium Energy Corp, Denison Mines, Energy Fuels, Azincourt Energy, Baseload Energy, Platinum Group Metals, Sibanye Stillwater, Trillion Energy, Radisson Mining, Greatland Gold, and Medical Properties Trust. Silver Symposium in Las Vegas Rule Symposium Livestream Connect with us! Twitter Facebook Instagram Linkedin Water Filter System I use for Perfect Water Precious Metals Steve Style: https://www.stevebartonmoney.com/contact-2 Website: https://www.stevebartonmoney.com/ Email: stevebartonmoney@gmail.com DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero. WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission.

Watch this on YouTube! Andrew Weekly of SmithWeekly.com comes on the show to talk uranium! We start off with the macro view, and get Andrew's take on the overall uranium market and where he sees it going from here. Andrew teaches us the difference between the spot market and the term market, and that 80-85% of purchases are done on the term market, at north of $60 per pound. We ask Andrew about certain companies, Energy Fuels, Uranium Energy Corp, Uranium Royalty Corp, Standard Uranium, & Peninsula Energy. We talk about long term contracting, and the risks associated with investing in Namibia. Andrew goes through the math of calculating reactor consumption in the USA, and we close with our thoughts on the big thinkers and their push of the Climate Change Narrative. Andrew's YouTube Channel Andrew's Website Silver Symposium in Las Vegas Rule Symposium Livestream Connect with us! Twitter Facebook Instagram Linkedin Water Filter System I use for Perfect Water Precious Metals Steve Style: https://www.stevebartonmoney.com/contact-2 Website: https://www.stevebartonmoney.com/ Email: stevebartonmoney@gmail.com DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero. WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission.

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc. (NYSE:UUUU)Our previous interview: https://youtu.be/9MMhS1rzKVcRecording date: 23rd June 2023Energy Fuels is a critical mineral company led by CEO Mark Chalmers, specializing in the production of uranium, rare earth elements, and isotopes such as radium-226. The company's focus lies in contributing to the decarbonization and electrification efforts. The US rare earths supply chain, long dominated by China, is undergoing changes, with Western companies and countries seeking to establish their own capabilities in this crucial sector. However, challenges such as skill sets and knowledge gaps need to be addressed. The fragmentation of the rare earth industry has led to smaller companies realizing the need for consolidation to achieve critical mass, expertise, and financing. The complexities and costs associated with rare earth mining and production are becoming apparent, causing longer timelines and higher funding requirements than initially anticipated. Governments are beginning to recognize the importance of supporting miners in the critical minerals space, but implementation and support measures are not yet aligned. Overall, the rare earth industry faces a growing supply-demand gap, urging companies to find innovative solutions and collaborate to ensure a sustainable future.

White Mesa Mill in San Juan County has been in violation of the Clean Air Act for nearly three years. Energy Fuels, the company that owns the mill, made an agreement with the Environmental Protection Agency to have their tailings cells in compliance by the end of March 2023. KZMU reporter Emily Arntsen joined public land advocates from EcoFlight and Grand Canyon Trust on a flight over the mill to check if the tailing cells were finally in compliance. Plus, we hear from our partners at Rocky Mountain Community Radio and KHOL in Jackson, WY, about recent changes in abortion laws. Show Notes: //Photo: White Mesa Mill's tailings cells violate the Clean Air Act. Photo by Emily Arntsen //KHOL: Wyoming's recent abortion ban is reversed – for now https://891khol.org/wyomings-recent-abortion-ban-is-reversed-for-now/