Saturday, September 13, 2025

Energy Fuels Records $0.7 Million In Revenue, $8.0 Million Net Loss In Q3 2021

Energy Fuels Inc. (TSX: EFR) released this morning its Q3 2021 financial results, which saw the company post US$0.72 million in revenue. This is an increase from Q3 2020’s revenue of US$0.49 million.

But the firm incurred costs and expenses related to sales amounting to US$0.73 million, marginally higher than the revenue. With operating expenses amounting to US$8.37 million, the firm ended with a US$7.96 million net loss for the quarter. The quarterly loss translates to US$0.05 per share.

The firm still attributes the net loss due to “increased development expenditures” related to the rare earth element carbonate production program at the White Mesa mill. It also recorded a net loss last year amounting to US$8.94 million.

The company ended the quarter with US$120.53 million in cash, cash equivalents, and restricted cash, starting from a balance of US$40.99 million at the beginning of the year. This puts current assets at US$136.37 million while current liabilities came in at US$3.58 million.

The firm also holds inventory worth US$29.3 million at the end of the quarter, with a market value of US$46.9 million at current prices.

Energy Fuels Inc. last traded at $9.76 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Canaccord Initiates Coverage On Uranium Royalty Corp With $1.60 Price Target

This morning Canaccord Genuity’s Katie Lachapelle initiated coverage on Uranium Royalty Corp (TSXV: URC) with...

Tuesday, September 8, 2020, 03:17:18 PM

Nova Scotia Moves to End Uranium Mining Ban

Nova Scotia is poised to lift its four-decade ban on uranium mining after a government...

Monday, March 31, 2025, 11:41:00 AM

Scotiabank Forecasts Uranium Supply Deficit to Continue Through 2030

Scotiabank (TSX: BNS) projects the uranium market will remain in a structural deficit until 2030,...

Wednesday, March 26, 2025, 12:07:00 PM

Uranium Demand: Nuclear Reactor Pipeline and Supply Gap with Alex Klenman of Tisdale

In this interview, Alex Klenman, CEO of Tisdale Clean Energy Corp (CSE: TCEC), offers a...

Thursday, August 1, 2024, 01:53:00 PM

F3 Uranium Hits 57,100 cps In Latest Drilling At Patterson Lake North

F3 Uranium (TSXV: FUU), whom was formerly known as Fission 3.0, started the trading week...

Tuesday, February 21, 2023, 08:24:51 AM