Energy Fuels Inc.

EFR

CA2926717083

Uranium

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-03 pm EDT			5-day change	1st Jan Change
7.61 ^CAD	-0.52%		+3.54%	-19.89%

May. 03	Energy Fuels Brief: Says SX "Phase 1" REE Separation Circuit Development Completed; Adds "Well-Stocked to Capture Market Opportunities"	MT
May. 03	Energy Fuels Brief: Says Sold 300,000 pounds of uranium concentrates at a weighted average price of $84.38 per pound for $25.31 million, which resulted in a gross profit of $14.26 million and an average gross margin of 56%	MT

Energy Fuels shares down 10% after announcing deal for Base Resources

April 22, 2024 at 12:21 pm EDT

TORONTO — Shares of Energy Fuels Inc. were down 10 per cent in late-morning trading after the company announced a deal to buy Base Resources Ltd.

The Toronto-listed company says the stock-and-cash deal for the Australian company was valued at about $375 million (Australian).

Base Resources' main asset is the Toliara heavy mineral sands project in Madagascar.

Under the terms of the proposed agreement, Base Resources shareholders will receive 0.026 of an Energy Fuels common share and 6.5 Australian cents per share, representing an implied price of 30 Australian cents per Base Resources share.

Base Resources shareholders will own a 16.4 per cent stake in the combined company.

Energy Fuels shares were down 86 cents or 10.7 per cent at $7.20 in trading on the Toronto Stock Exchange.

This report by The Canadian Press was first published April 22, 2024.

Companies in this story: (TSX:EFR)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ENERGY FUELS INC.	7.61 CAD	-0.52%	+3.54%	910M
	BASE RESOURCES LIMITED	0.25 AUD	0.00%	+2.04%	193M

Latest news about Energy Fuels Inc.

Energy Fuels Brief: Says SX "Phase 1" REE Separation Circuit Development Completed; Adds "Well-Stocked to Capture Market Opportunities"	May. 03	MT
Energy Fuels Brief: Says Sold 300,000 pounds of uranium concentrates at a weighted average price of $84.38 per pound for $25.31 million, which resulted in a gross profit of $14.26 million and an average gross margin of 56%	May. 03	MT
Energy Fuels Brief: Cites "Robust" Balance Sheet with Over US$220 million of Liquidity and No Debt; Over $20 Million of Additional Liquidity from Market Value of Inventory	May. 03	MT
Energy Fuels Brief: Says Earned Q1 net income of US$3.64 million, or $0.02 per common share, including operating income of $2.02 million	May. 03	MT
Energy Fuels Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 03	CI
Cantor Fitzgerald Downgrades Energy Fuels to Speculative Buy, Price Target at CA$12.25	Apr. 29	MT
Energy Fuels Drops 11%, as it Offers to Acquire Australia-Listed Base Resources for A$375 Million	Apr. 22	MT
Energy Fuels Shares Drop After Accord to Acquire Base Resources for $241.2 Million in Cash, Stock	Apr. 22	MT
Upcoming Earnings Boost Exchange-Traded Funds, Equity Futures Pre-Bell Monday	Apr. 22	MT
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	Apr. 22
Energy Fuels to Acquire Australia-Listed Base Resources for A$375 Million	Apr. 22	MT
Base Resources Signs AU$375 Million Takeover Offer from US-based Energy Fuels	Apr. 22	MT
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	Apr. 22
Base Resources shares surge on agreement for Energy Fuels takeover	Apr. 22	AN
AIM WINNERS & LOSERS: Base Resources surges on takeover offer	Apr. 22	AN
Hipgnosis jumps on Blackstone rival offer	Apr. 22	AN
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	Apr. 21
Australian shares rebound as miners and financials jump; inflation data awaited	Apr. 21	RE
Energy Fuels Inc. entered into a binding agreement to acquire Base Resources Limited for AUD 0.3 million.	Apr. 20	CI
B. Riley Initiates Coverage Of Energy Fuels With Buy Rating, US$9 Price Target	Apr. 18	MT
B. Riley Initiates Energy Fuels at Buy With $9 Price Target	Apr. 18	MT
Astron Extends Donald Project Exclusivity Agreement With Energy Fuels	Apr. 01	MT
IsoEnergy To Restart Production At Tony M Uranium Mine In 2025	Feb. 29	MT
Earnings Flash (CLNE) CLEAN ENERGY FUELS Reports Q4 Revenue $106.9M, vs. Street Est of $105.1M	Feb. 27	MT
Earnings Flash (CLNE) CLEAN ENERGY FUELS Reports Q4 EPS $0.01, vs. Street Est of $0.02	Feb. 27	MT

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Company Profile

Energy Fuels Inc. is a critical minerals company. The Company is a producer of uranium in the United States. It mines uranium and produces natural uranium concentrates that are sold to nuclear utilities to produce carbon-free nuclear energy. The Company is engaged in the production of advanced rare earth elements (REE) materials, including mixed REE carbonate. It also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. The Company holds two uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The White Mesa Mill is a conventional uranium mill operating in the US, and has a licensed capacity of over 8 million pounds of triuranium octoxide (U3O8) per year. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. It also has the Bahia Project in Brazil.

Sector

Uranium

Calendar

2024-05-06 - Q1 2024 Earnings Call

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Ratings for Energy Fuels Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.61 CAD

Average target price

14.9 CAD

Spread / Average Target

+95.80%

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Sector Uranium Mining

	1st Jan change	Capi.
ENERGY FUELS INC.	-19.89%	910M
NATIONAL ATOMIC COMPANY KAZATOMPROM	-0.87%	10.7B
NEXGEN ENERGY LTD.	+22.22%	4.47B
PALADIN ENERGY LTD	+57.36%	3.06B
DENISON MINES CORP.	+26.29%	1.91B
DEEP YELLOW LIMITED	+44.04%	1.01B
ENCORE ENERGY CORP.	+22.84%	848M
ENERGY RESOURCES OF AUSTRALIA LTD	+40.54%	762M
FISSION URANIUM CORP.	+3.70%	685M
LOTUS RESOURCES LIMITED	+61.40%	557M

Uranium Mining

Energy Fuels Inc.

Equities

EFR

CA2926717083

Uranium

Energy Fuels shares down 10% after announcing deal for Base Resources

Stocks mentioned in the article

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