Energy Fuels Inc. Files Q3 2024 10-Q Report
Ticker: UUUU · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 1385849
Sentiment: neutral
Topics: 10-Q, earnings, mining
TL;DR
Energy Fuels Q3 2024 10-Q filed. Check financials.
AI Summary
Energy Fuels Inc. reported its third-quarter results for the period ending September 30, 2024. The company's financial performance and operational updates are detailed in this 10-Q filing. Specific financial figures and operational highlights are provided within the document.
Why It Matters
This filing provides investors with the latest financial and operational performance of Energy Fuels Inc., crucial for understanding the company's current standing and future prospects in the mining sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile mining sector, which is subject to commodity price fluctuations and regulatory changes.
Key Numbers
- 2024-09-30 — Reporting Period End (Third quarter of fiscal year 2024)
- 2024-10-31 — Filing Date (Date the 10-Q was submitted)
Key Players & Entities
- ENERGY FUELS INC (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241031 (date) — Filing Date
- 001-36204 (other) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 31, 2024.
What is the company's SEC file number?
The company's SEC file number is 001-36204.
What is the fiscal year end for Energy Fuels Inc.?
The fiscal year end for Energy Fuels Inc. is December 31.
What is the primary SIC code for Energy Fuels Inc.?
The primary SIC code for Energy Fuels Inc. is 1400, which corresponds to Mining, Quarrying of Nonmetallic Minerals (No Fuels).
Filing Stats: 4,420 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-10-31 16:12:41
Filing Documents
- efr-20240930.htm (10-Q) — 1544KB
- efr09302024-exx105.htm (EX-10.5) — 190KB
- efr09302024-exx231.htm (EX-23.1) — 5KB
- efr09302024-exx311.htm (EX-31.1) — 20KB
- efr09302024-exx312.htm (EX-31.2) — 20KB
- efr09302024-exx321.htm (EX-32.1) — 7KB
- efr09302024-exx322.htm (EX-32.2) — 7KB
- efr09302024-exx951.htm (EX-95.1) — 41KB
- efr-20240930_g1.jpg (GRAPHIC) — 24KB
- 0001385849-24-000052.txt ( ) — 8158KB
- efr-20240930.xsd (EX-101.SCH) — 71KB
- efr-20240930_cal.xml (EX-101.CAL) — 71KB
- efr-20240930_def.xml (EX-101.DEF) — 338KB
- efr-20240930_lab.xml (EX-101.LAB) — 732KB
- efr-20240930_pre.xml (EX-101.PRE) — 515KB
- efr-20240930_htm.xml (XML) — 961KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 10
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 34
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 52
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 53
– OTHER INFORMATION
PART II – OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 54
RISK FACTORS
ITEM 1A. RISK FACTORS 57
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 62
DEFAULTS UPON SENIOR SECURITIES
ITEM 3. DEFAULTS UPON SENIOR SECURITIES 62
MINE SAFETY DISCLOSURE
ITEM 4. MINE SAFETY DISCLOSURE 62
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 62
EXHIBITS
ITEM 6. EXHIBITS 62
SIGNATURES
SIGNATURES 3 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and the exhibits attached hereto (the " Quarterly Report ") contain "forward-looking statements" and "forward-looking information" within the meaning of applicable United States (" U.S. ") and Canadian securities laws (collectively, " forward-looking statements "), which may include, but are not limited to, statements with respect to Energy Fuels Inc.'s (the " Company's " or " Energy Fuels' "): anticipated results and progress of our operations in future periods; planned exploration; development of our properties; plans related to our business, such as the ramp-up of our uranium business in response to improved uranium prices and the expansion of our rare earth elements (" REE ") initiatives, including work on our South Bahia heavy mineral sands (" HMS ") project in Brazil (the " Bahia Project "), our planned continued development of capabilities for the commercial separation of REEs at our White Mesa Mill (the " White Mesa Mill " or the " Mill ") in Utah, and our plans related to our recently acquired HMS properties, including the Kwale HMS project in Kenya (the " Kwale Project ") and the Toliara HMS and REE project in Madagascar (the " Toliara Project ") through the Company's acquisition of Base Resources Limited (" Base " or " Base Resources "), which closed on October 2, 2024 (see Part I, Item 1, Note 17 – Subsequent Events), and the potential earn-in of up to a 49% joint venture interest in the Donald HMS and REE project in Australia (the " Donald Project ") pursuant to definitive agreements entered into between the parties, as previously announced on June 3, 2024, with the Company's current earn-in interest at 3.21%; plans related to our potential recovery of radioisotopes at the Mill for use in the production of targeted alpha therapy (" TAT ") medical treatments; any plans related to the acquisition of additional uranium or uranium/vanadium mineral