Energy Fuels rises after achieving commercial production at Utah mill

Energy Fuels

10/06/2024 16:42

** Shares of uranium miner Energy Fuels  UUUU.A  rise 3.8%
to $6.17
    ** Co achieves commercial production of separated
neodymium-praseodymium (NdPr) at its White Mesa Mill in Utah
    ** NdPr is used to create high-power magnets, essential for
electronics, technology and automotive industries
    ** UUUU expects to produce 25 tonnes to 35 tonnes of
separated NdPr in Q2
    ** Co also expects to produce 150,000 pounds to 500,000
pounds of triuranium octoxide, a type of uranium compound, in
2024
    ** Including session's moves, stock is down 14.2% YTD

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))