Curtis Moore of Energy Fuels explains how his company’s acquisition of Uranerz will benefit both companies. “We’re going to become the dominant uranium mining company in the United States,” he said.
Energy Fuels (TSX:EFR,NYSEMKT:UUUU) has been making headlines since it announced on January 5 that it will be acquiring Uranerz Energy (TSX:URZ,NYSEMKT:URZ). The combined entity will be the largest integrated uranium producer focused on the United States.
To find out more about the deal and how it benefits both companies, Resource Investing News spoke with Curtis Moore, director of marketing and corporate development at Energy Fuels. He explained, “what really was the impetus for this transaction is the fact that we’re going to create a larger, stronger uranium mining company in the United States. We’re going to be able to cut costs because we’re going to reduce our general and administrative, and also our corporate costs. We’re also going to diversify our production centers.”
In short, he said, “we’re going to become the dominant uranium mining company in the United States.” Watch the video below to find out what else he had to say and to learn what the new company will be up to in 2015.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Energy Fuels is a client of the Investing News Network. This article is not paid-for content.