Energy Fuels Gets Into Retail Business For Cash Flow

Aug 16th @ 4:05 pm in News by Scott Staley

While Energy Fuels waits to find out if it can go ahead with its Pinon Ridge Mill project its getting into the retail business by selling its production of yellowcake as a source of cash flow.  The company sold 200 thousand pounds of yellowcake for $62.18 per pound.  The president and CEO of Energy Fuels said this sale demonstrates Energy Fuels ability to produce and deliver its product.  Energy Fuels also wants to make it clear that they are not abandoning their uranium mill project  near Naturita but are in fact continuing with the pursuit of a construction permit.