Energy Fuels Stock Surges on Promising Rare Earths Project Study

Shares of Energy Fuels Inc. climbed as much as 6% on Thursday following the release of a comprehensive feasibility study for its rare earth element production plans. The report contained positive surprises, indicating that the Phase 2 expansion of the White Mesa Mill in Utah will be less expensive than previously anticipated while delivering impressive projected margins.

The financial metrics outlined for the standalone Phase 2 expansion are compelling:
* After-tax Net Present Value (NPV): $1.9 billion (using an 8% discount rate)
* Internal Rate of Return (IRR): 33%
* All-in operating cost for neodymium-praseodymium (NdPr) oxide: $29.39 per kilogram

A central finding of the study is the estimated capital expenditure for the Phase 2 build-out, which Read more...