>>23802971energy fuels are kind of a meme stock carried on waves of rare earths hype and the idea that having the only working uranium mill in the US is worth something (any half-decent mine is going to build their own mill nearby rather than trucking ore hundreds of km).
Not a worthless company. Pinyon Plain has surprised with grades over 1% and reserves well beyond the original claims of ~1m lbs total. But they're a really odd duck with an inefficient business model. Lots of expensive long-distance haulage, batch processing, ore purchasing, and earn-in agreements for titanium projects that are intended to provide the rare earths feedstock (titanium market is in shambles right now lol). For less money you could buy Paladin with substantially more current uranium production and better growth projects. Encore have similar production in the US and are 1/10th the price. Global Atomic is 1/30th for way more uranium but still a year of construction and geopolitical drama unfolding (my largest position). Energy Fuels have a funny ticker tho.
