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Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) reported its financial results for the year ended December 31, 2015.
Energy Fuels Inc. (TSX:EFR,NYSEMKT:UUUU) reported its financial results for the year ended December 31, 2015.
As quoted in the press release:
Highlights:
- $61.35 million of total revenue, representing an increase of 33% over 2014.
- Gross Profit of $23.73 million from uranium recovery operations, representing an increase of 45% over 2014.
- 1,075,000 pounds of uranium sales at an average realized price of $56.43 per pound, representing an increase in pounds sold of 34% over 2014.
- 468,000 pounds of U3O8 recovered, representing an increase over previously published guidance.
- Strong balance sheet including $34.87 million of working capital at December 31, 2015.
- After year end, the Company completed an equity financing for net proceeds of $10.88 million after commissions and estimated expenses of the offering.
- Proposed acquisition of Mesteña Uranium, LLC expected to expand Energy Fuels’ lower-cost ISR scalability.
- Proposed acquisition of remaining 40% of Roca Honda Project expected to significantly increase Energy Fuels’ scalability and leverage to future increases in the price of uranium.
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