Energy Fuels advances uranium pipeline during third quarter

Rare earth elements (REEs), uranium and other critical minerals producer Energy Fuels delivered meaningful progress across its uranium and rare earth businesses in the third quarter ended September 30, with higher realised uranium prices having supported improved margins, while the company continued to advance its uranium production pipeline, president and CEO Ross Bhappu says. The company sold 320 000 lb of triuranium octoxide (U3O8) at a weighted average realised price of $88.90/lb for total uranium revenues of $28.4-million.