Energy Fuels Is Enticing, But Cameco Is Best Until Uranium Reaches $50-$70/Lbs

- October 7th, 2020

Energy Fuels recently rose on a deal to extend Russia uranium import limits as well as a DOE grant to study rare-earth elements. As of October 6th, Energy Fuels is debt-free as it retired the remaining of its convertible unsecured debentures. While uranium prices are higher, they are still far below necessary levels for Energy Fuels to see positive cash flow. Supply and demand data suggest it will still be a few …

  • Energy Fuels recently rose on a deal to extend Russia uranium import limits as well as a DOE grant to study rare-earth elements.
  • As of October 6th, Energy Fuels is debt-free as it retired the remaining of its convertible unsecured debentures.
  • While uranium prices are higher, they are still far below necessary levels for Energy Fuels to see positive cash flow.
  • Supply and demand data suggest it will still be a few years before there is a large enough uranium shortage to support a rise to 50-70$/lbs levels which Energy Fuels needs.
  • U-bulls are best with profitable companies like Cameco until uranium prices are higher.

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Energy Fuels Is Enticing, But Cameco Is Best Until Uranium Reaches $50-$70/Lbs

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