Energy Fuels Files Quarterly Financial Results

 Energy Fuels Inc. (TSX:EFR,OTCQX:EFRFD) filed its financial results for the three and twelve months ended September 30, 2013 on SEDAR. Highlights include 256,667 pounds of U3O8 sold, pursuant to term contracts at an average realized price of $55.83 per pound.

As quoted in the press release:

Financial and Operational Highlights for the Three Months ended September 30, 2013:

• Generated cash flow from operations of $5.05 million and $7.03 million for the 3 and 12 months ended September 30, 2013 respectively
• Sold 256,667 pounds of U3O8, pursuant to term contracts at an average realized price of $55.83 per pound.
• Sold an additional 200,000 pounds of U3O8 to an existing term contract customer at an average price of $40.25 per pound. This sale was completed at a premium to the spot market at the time, as the Company provided the customer with a discount on portions of its long-term contract deliveries in the years 2015 through 2017.
• Sold 156,447 pounds of V2O5 at an average realized price of $5.53 per pound, and 105,232 pounds of ferro vanadium at an average price of $11.40 per pound.
• Production at the White Mesa Mill totaled 180,000 pounds of U3O8, all of which was sourced from alternate feed materials. There was no production of V2O5.
• As of September 30, 2013, the Company had working capital of $32.5 million, including cash and cash equivalents of $12.4 million, trade and other receivables of $9.8 million, marketable securities of $0.3 million and 426,000 pounds of uranium concentrate inventory which, based on spot market prices as of September 30, 2013, had a market value of $14.9 million (although the Company has no intention of selling such uranium concentrates on the spot market). These working capital and cash amounts do not include the proceeds of the bought deal common share offering completed on October 16, 2013 (see Corporate Highlights since the End of the Three Months ended September 30, 2013).

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