Energy Fuels Inc. (TSX:EFR,NYSE MKT:UUUU) reported its financial results for the three and six months ended June 30, 2014. Energy Fuels plans to extend the current run of the White Mesa mill through to the fourth quarter of 2014 to fulfill its existing long term contracts.
As quoted in the press release:
Production at the White Mesa Mill totaled 225,420 pounds of U3O8, including 90,832 pounds from alternate feed materials and 134,588 pounds from ore mined from the Arizona Strip.
Sold 236,667 pounds of U3O8, pursuant to term contracts at an average realized price of $56.85 per pound.
As of June 30, 2014, the Company had working capital of $42.26 million, including cash and cash equivalents of $14.69 million and 494,000 pounds of uranium concentrate inventory.
Announced the sale of certain non-core assets, realizing cash and other consideration, and achieving cost reductions.
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