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Editor’s Note: Energy Fuels, discussed below, is one of the stocks that will save America. Rick Rule and I discussed several more in this video: https://bit.ly/4riWDVN These critical minerals stocks are exploding higher as the Trump administration takes direct stakes in them and expedites permitting. We are taking the video down November 26th before the Thanksgiving holiday, so make sure you watch it now: https://bit.ly/4riWDVN
—Nick
The free version of the 343rd episode of Investing in Bizarro World is now published.
Every now and then I have a conversation that reminds me just how quickly the world is changing, and how few people actually understand what’s coming.
My recent discussion with Curtis Moore, Senior VP of Marketing and Corporate Development at Energy Fuels (NYSE: UUUU)(TSX: EFR), was one of those moments.
I’ve known Curtis for over a decade — since back when he was manning booths at the New Orleans Investment Conference and uranium was a four-letter word. We’ve both been around long enough to see cycles come and go.
But the world we’re moving into now is different. Faster. More strategic. And for Energy Fuels, more promising than at any point in its history.
Curtis didn’t even get out elk hunting this year. Not because the season was bad, but because things are moving that quickly in Washington, D.C., and he’s been traveling there so frequently in light of the Trump administration’s nuclear and critical minerals push. (See the stocks on Washington’s buy list here, which includes Energy Fuels)
The first thing Curtis and I dug into was Pinion Plain, their flagship uranium project in northern Arizona. The mine is outperforming every early model they ever had: higher grades, lower costs, and thicker zones. Energy Fuels is producing uranium from Pinion Plain for roughly $23 to $30 per pound, a low-cost profile when spot prices are hovering in the mid-$70s. And it’s not a small trickle of production either. They’re pulling two to two-and-a-half million pounds per year out of that shaft, feeding their White Mesa mill for months at a time. In a uranium market where most projects are theoretical, this one is not only real, but expanding. The company hasn’t published new resource numbers, but you can read between the lines that Pinion Plain is far bigger than the conservative three-million-pound figure that’s been sitting on the books.
Once the ore leaves Arizona, it heads to White Mesa in Utah — the only operating conventional uranium mill in the United States. That alone would make Energy Fuels a strategic asset. But White Mesa is much more than a mill. It’s becoming one of the only integrated rare earth separation facilities outside of China. And unlike MP Materials (NYSE: MP), which can only handle the light side of the rare earth spectrum, Energy Fuels’ monazite and xenotime feedstock contains the heavies — dysprosium, terbium, yttrium — the ones most critical to defense, robotics, EV motors, and permanent magnets.
Curtis disclosed that they’ve already produced 40 to 50 kilograms of high-purity dysprosium oxide and are on the cusp of producing terbium. He also said something that should have woken up anyone still half-listening: Energy Fuels is the only U.S. company producing heavy rare earth oxides today. That alone puts them in a geopolitical category that few investors understand. Washington does.
Which brings us back to Curtis’ calendar. Energy Fuels hasn’t just been meeting with federal agencies; they’ve been showing up with real materials in hand — actual kilograms of finished product. In a sea of thousands of theoretical critical mineral proposals, most of which will never be mines, that puts Energy Fuels in rare company. It’s no coincidence that the Trump administration approached them, unprompted, to place its Roca Honda project on the Fast-41 permitting dashboard. Curtis believes the project could be fully permitted within a year. Bullfrog and two more breccia pipes are next in line.
Continue reading: https://dailyprofitcycle.com/market-commentary/inside-americas-critical-minerals-revival-bizarro-world-343/
0:00 Introduction
3:48 Uranium Production from Pinyon Plain
11:04 White Mesa Mill: The only operating conventional uranium and rare earth mill in the United States
19:37 Rare Earth Pipeline: Donals, Toliara, Bahia
23:27 Critical Mineral Support from Trump Administration
31:24 Radioactive Medical Isotopes: The Alpha Particle
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