Energy Fuels Reports Total Quarterly Revenue of $21.16 million, Net Income $3.08 million

Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR)reported its financial results for the three and nine months ended September 30, 2014. Highlights include: total quarterly revenue of $21.16 million and net income of $3.08 million; and an increase in its working capital position to $45.40 million (compared to $42.3 million at the end of Q2-2014).

As quoted in the press release:

Financial and Operational Highlights for the Three Months ended September 30, 2014:

• Sold 371,666 pounds of U3O8, pursuant to term contracts at an average realized price of $56.72 per pound, which completes all of the Company’s deliveries for the fiscal year.
• Total quarterly revenue of $21.16 million and net income of $3.08 million. 
• Production at the White Mesa Mill totaled 418,856 pounds of U3O8, including 1,745 pounds from alternate feed materials and 417,111 pounds from ore mined from the Arizona Strip.
• As of September 30, 2014, the Company increased its working capital position to $45.40 million (compared to $42.3 million at the end of Q2-2014), including cash and cash equivalents of $13.46 million and 808,000 pounds of uranium concentrate inventory.
• Completed the sale of certain non-core assets, realizing cash and other consideration and achieving cost reductions.

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