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Energy Fuels Announces Q2-2021 Results , Including Robust Balance Sheet , Market Leading U.S. Uranium and Vanadium Position & Launch of U.S. Commercial Rare Earth Production ; Webcast on August 3 , 2021 LAKEWOOD , Colo . , July 30 , 2021 / CNW / - Energy Fuels Inc. ( NYSE American : UUUU ) ( TSX : EFR ) ( " Energy Fuels " or the " Company " ) today reported its financial results for the quarter ended June 30 , 2021. The Company's quarterly report on Form 10 - Q has been filed with the U.S. Securities and Exchange Commission ( " SEC " ) and may be viewed on the Electronic Document Gathering and Retrieval System ( " EDGAR " ) at , on the System for Electronic Document Analysis and Retrieval ( " SEDAR " ) at , and on the Company's website at . Unless noted otherwise , all dollar amounts are in U.S. dollars . Highlights : ⚫ At June 30 , 2021 , the Company had $ 98.8 million of working capital , including $ 79.4 million of cash and marketable securities and $ 29.2 million of inventory . At current commodity prices , the Company's inventory has a value of $ 39.1 million . During the quarter ended June 30 , 2021 , the Company incurred a net loss of $ 10.8 million , which included a non - cash mark - to - market increase in warrant liabilities during the quarter of $ 3.6 million resulting from a significant increase in the Company's share price . ⚫ With several existing uranium mines on standby and significant existing inventories of Company - produced , U.S. - origin uranium , the Company continues to be ready to supply uranium into improved global markets and the proposed U.S. Uranium Reserve once it is established by the U.S. government . • During the first half of 2021 , the Company began ramping up to commercial - scale production of a mixed rare earth element ( " REE " ) carbonate ( " RE Carbonate " ) , as a complement to its uranium business . In July 2021 , Energy Fuels commenced deliveries of its RE Carbonate to a separation facility in Europe . ⚫ The Company has entered into a definitive agreement to sell a package of Energy Fuels ' non - core conventional uranium projects located in Utah and Colorado to International Consolidated Uranium Inc. ( " CUR " ) . Based on CUR's current share price , exchange rates and assuming the closing and full performance of the agreement , the current proforma value of this divestment is approximately US $ 24 million . ⚫ The Company has entered into a strategic alliance agreement with RadTran , LLC , a private technology development company , to evaluate the recovery of thorium and potentially radium from the Company's RE Carbonate and uranium