Energy Fuels Shares Advance As It Lauds Vanadium Production From Utah Mill
Date: Apr 02, 2019
Energy is currently selling this vanadium (as ferrovanadium) into the steel industry.
Shares in Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) headed north Monday as it revealed its White Mesa mill in Utah was producing its highest-purity V2O5 (vanadium pentoxide) to date, averaging around 99.6% due to updates at the facility last year
Energy is currently selling this vanadium (as ferrovanadium) into the steel industry, and it continues to pursue opportunities to sell portions into specialty chemical and aerospace markets, potentially at a premium.
READ: Energy Fuels climbs after saying it remained top US uranium producer in 2018
Energy reckons that up to four million pounds of recoverable V2O5 could lie in White Mesa’s pond solutions and is currently being recovered at commercial rates of around 150,000 and 160,000 pounds of V2O5 per month.
