Energy Fuels reported 2021-3Q EPS of $ versus $, in line with our estimate of $ and slightly below the consensus estimate of $. With no uranium sales and little revenues, the loss was largely a function of operating costs. Lower standby and administration costs helped improve the bottom line. Rare Earth concentrate sales covered its cost of sales. We had hoped to see Rare Earth start to contribute to earnings, but ...

Energy Fuels reported 2021-3Q EPS of $(0.05) versus $(0.08), in line with our estimate of $(0.05) and slightly below the consensus estimate of $(0.03). With no uranium sales and little revenues, the loss was largely a function of operating costs. Lower standby and administration costs helped improve the bottom line. Rare Earth concentrate sales covered its cost of sales. We had hoped to see Rare Earth start to contribute to earnings, but supply delays have pushed back sales into 2022. Company developments discussed in the press release have already been reported. The press release discussed the start up of Rare Earth Elements (REE) operations, the recent rise in uranium prices, management's desire to sign uranium supply contracts, the sale of non-core assets, "active discussions" discussion with monazite suppliers, and a strategic alliance to evaluate thorium (and possibly radium) recovery. Energy Fuels remains well positioned to expand operations. Working capital rose to $133 million ($100 million cash & securities). The company recorded $29 million in inventories at the end of the quarter, a number that has risen to $47 million with recent strength in uranium prices. Energy Fuel's cash position will grow with the recent closing of assets sales to Consolidated Uranium (CUR) worth $35 million payable in cash and CUR stock. Payments are staggered over the next three years and tied to achieving commercial operations (see Oct 27 press release) . We believe UUUU's cash position to be sufficient to expand REE and uranium operations (although developing REE separating capabilities would require external financing). Webcast at 4:00 pm ET on November 2 may provide additional color. Management will host a video webcast to discuss results and update investors on its operations. Interested parties can access the webcast by dialing 1-888-664-6392 or through the company's website. We are maintaining our Outperform rating and $9 price target. With results coming in line with expectations, we are maintaining our rating and price target. Energy Fuels remains the premier domestic uranium, vanadium and REE and is the best positioned to take advantage of the rise in prices for these elements due to its large, licensed milling operations. Read More >>

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Positive Start To Wyoming Uranium Drilling Best Hole Intersects 27.5ft @ 0.044% Eu308 For 1.92gt

Positive Start To Wyoming Uranium Drilling Best Hole Intersects 27.5ft @ 0.044% Eu308 For 1.92gt

GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs have now completed the first 10 holes of its 50,000‐foot (~15,000 metre) ~100‐hole maiden drill program within exploration area 1 (Exparea1) at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1).

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CanAlaska Announces New Uranium Discoveries on Moon Lake South JV

CanAlaska Announces New Uranium Discoveries on Moon Lake South JV

CanAlaska-Denison JV Intersects Two New Uranium Occurrences Within 5 km Long "CR3" Structural Corridor, West of Gryphon and Phoenix

High priority follow-up targets defined around unconformity offsets and alteration

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Denison Announces Adoption of Indigenous Peoples Policy

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that its Board of Directors has approved the adoption of an Indigenous Peoples Policy (the "IPP"). The IPP reflects Denison's recognition of the important role of Canadian business in the process of reconciliation with Indigenous peoples in Canada and outlines the Company's commitment to take action towards advancing reconciliation. View PDF version .

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Release - CanAlaska - New Uranium Discoveries on Moon Lake South JV

Release - CanAlaska - New Uranium Discoveries on Moon Lake South JV

Vancouver, Canada, December 2, 2021 CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) ("CanAlaska" or the "Company") is pleased to announce joint venture drilling by ("JV") partner Denison Mines Corp. ("Denison") has intersected uranium mineralization in drillholes MS-21-02 and MS-21-06 at the Moon Lake South JV project. MS-21-02 intersected 0.14% eU3O8 over 0.2 metres above the unconformity and MS-21-06 intersected 0.12% eU3O8 over 0.2 metres below the unconformity. Denison operates the JV project, while CanAlaska, which maintains a 25% ownership in the project, is funding the Company's share of the 2021 exploration program. Read More >>

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GoviEx Grants Stock Options

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or the "Company"), announces that, pursuant to its Share Purchase Option Plan, it has granted incentive stock options to the Company's Head of IR and Corporate Communications to purchase up to an aggregate of 500,000 Class A common shares in the capital stock of GoviEx.

The stock options are exercisable at a price of $0.39 per share and will vest 25% on the date of grant and thereafter, 25% on each anniversary of the date of grant until fully vested. The options expire on December 1, 2026.

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What Was the Highest Price for Uranium?

Uranium is an important metal in the energy sector because it provides fuel for nuclear power generation, which supplies 10 percent of global energy needs.

Over the past decade, the uranium price has struggled to recover from the 2011 Fukushima nuclear disaster, when a massive earthquake and subsequent tsunami severely damaged several Japanese nuclear reactors.

As a result, the demand for new nuclear reactors fell drastically as public fears over radioactivity risks understandably rose. This lack of demand growth coupled with excess supply have weighed heavily on both the uranium spot price and uranium contract prices over the last decade.

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