UUUU Stock Shoots Up 7% as Madagascar Project Back On: Time to Buy?

Energy Fuels (UUUU) shares jumped 7% to close at $7.26 on Friday as the Madagascar government’s decision lifted the suspension on its 100%-owned Toliara project. Notably, the suspension was in place since November 2019.Energy Fuels can now develop the large-scale heavy mineral sands (HMS) project. Toliara is expected to play a key role in UUUU’s strategy to diversify beyond uranium and become a leading supplier of critical minerals. By processing Monazite from Toliara, UUUU aims to become a low-cost, global ...