Energy Fuels Inc. (TSE:EFR) has released an update.
Energy Fuels Inc. has reported a profitable first quarter in 2024 with a net income of $3.64 million and a strong liquidity position, boasting over $220 million in working capital and no debt. The company has successfully ramped up uranium production, selling 300,000 pounds at a high margin, and is preparing to commence rare earth oxides production in the second quarter. With a well-stocked inventory of uranium, vanadium, and rare earth elements, Energy Fuels is poised to capitalize on favorable market conditions.
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