Energy Fuels Announces Quarterly Financial and Operational Results, Working Capital at $42.27 million as of March 31st

Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) reported a strengthened working capital position of $42.27 million in its financial results for the three months ended March 31, 2014. Highlights of the report included: increased cash by $9.66 million, and a working capital of $42.27 million as of March 31st.

As quoted in the press release:

Financial and Operational Highlights for the Three Months ended March 31, 2014:
Increased cash by $9.66 million for the three months ended March 31, 2014. A portion of the increase in cash was due to the completion of the replacement of the Company’s regulatory bonding portfolio with equivalent bonds from other surety providers, releasing to the Company $12.30 million of previously restricted cash, of which $8.70 million was released during the quarter, and $3.6 million was released in previous quarters.
Production at the White Mesa Mill totaled 125,956 pounds of U3O8, all of which was from alternate feed materials.
Sold 191,667 pounds of U3O8, pursuant to term contracts at an average realized price of $58.53 per pound.
As of March 31, 2014, the Company had working capital of $42.27 million, including cash and cash equivalents of $16.29 million and 385,000 pounds of uranium concentrate inventory.

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