Record Uranium Sales and High Profit Margin
Energy Fuels sold 450,000 pounds of uranium in 2024 at a gross profit of $21 million, achieving a margin above 50% and an average sale price of $84 per pound.
Strong Financial Position
The company maintains excellent liquidity with over $178 million in cash, cash equivalents, and marketable securities, with no debt.
Milestone Achievement in Rare Earth Production
Energy Fuels produced 38,000 kilograms of on-spec NdPr in 2024, now being tested by non-China manufacturers, with plans to increase production capacity.
Advancement of Heavy Mineral Sands Projects
The company is advancing world-class projects in Madagascar, Australia, and Brazil, contributing $40 million in sales from the Kwale project in 2024.
Strategic Expansion and Acquisition
Energy Fuels secured significant heavy mineral sands assets, particularly the Toliara project in Madagascar, which has a 38-year mine life potential.