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Can Pinyon Plain Mine Drive Energy Fuels' Next Phase of Growth?
ZACKS· 2025-07-07 14:05
Core Insights - Energy Fuels (UUUU) is enhancing its position in the uranium sector, with the Pinyon Plain mine in Arizona achieving significant production figures, producing 230,661 pounds of uranium in June and totaling 638,700 pounds for Q2, highlighting the company's commitment to increasing domestic uranium production [1][9] Production and Exploration - The Pinyon Plain mine boasts exceptional ore grades, averaging 3.51% in June and 2.23% for Q2, indicating it may become the highest-grade uranium deposit mined in U.S. history. Currently, only about 25% of the target zone is being mined, suggesting considerable exploration potential [2] - Recent drill results from the Juniper zone indicate the possibility of significant additional discoveries at the Pinyon Plain mine [2] Project Development - The company is expediting the permitting process for the Roca Honda project in New Mexico and has resumed efforts for the EZ Complex in northern Arizona, which consists of two "breccia pipe" deposits similar to Pinyon Plain. The Bullfrog Project in Utah has confirmed higher uranium resources, with indicated resources of 10.5 million pounds and inferred resources of 3.4 million pounds [3] - With its current operations and development pipeline, the company has the potential to produce up to 6 million pounds of uranium annually [4] Industry Context - Ur Energy (URG) operates the Lost Creek project in Wyoming with an annual capacity of 1.2 million pounds and has recently expanded operations at Shirley Basin, which will have a licensed capacity of 1 million pounds [5] - Uranium Energy (UEC) is in the exploration stage and has restarted uranium extraction at the Christensen Ranch Mine in Wyoming, with ongoing development programs for other projects [6][7] Financial Performance - Energy Fuels shares have increased by 20.3% this year, contrasting with an 11.1% decline in the industry [8] - The company is trading at a forward 12-month price/sales multiple of 13.48X, significantly higher than the industry's 3.01X [10]
Eni Advances Zohr Gas Field Development, Boosts Egypt's Gas Supply
ZACKS· 2025-07-03 16:00
Key Takeaways E completed Zohr 6 drilling, adding 60M cubic feet/day to Egypt's natural gas production capacity. Zohr 13 is expected to add 55M cubic feet/day as E continues to expand production at the offshore site. E targets 3.2B cubic feet/day by end-2025 and plans two more Zohr wells with a $360M investment in 2026.Eni S.p.A (E) has concluded drilling activities for a well at the Zohr gas field, located off the coast of Egypt. The drilling assignment was carried out by the Saipem 10000 drillship, whic ...
Precision Optics Expands Facilities to Meet Growing Backlog
Globenewswire· 2025-06-05 13:00
Company signs lease to move corporate offices and engineering development to Littleton, MA Move allows for expansion of production capabilities in Gardner, MA to meet increased backlog GARDNER, Mass. and LITTLETON, Mass., June 05, 2025 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced it has made the strategic decision to move its corporat ...
If You'd Invested $10,000 in ExxonMobil Stock 5 Years Ago, Here's How Much You'd Have Today
The Motley Fool· 2025-04-30 08:30
ExxonMobil stock has tripled investors' money in five years. Can it do it again?Oil and gas exploration and production (E&P) isn't an easy business. It requires massive amounts of investments, and the earnings and cash flows of E&P producers are directly exposed to the volatility in oil and gas prices.Yet ExxonMobil (XOM -0.23%) -- the largest oil company in the U.S. -- has performed remarkably well over the decades, and its stock has generated rich returns for shareholders. In recent years, ExxonMobil has ...
VAALCO Energy(EGY) - 2024 Q4 - Earnings Call Transcript
2025-03-14 15:00
VAALCO Energy (EGY) Q4 2024 Earnings Call March 14, 2025 11:00 AM ET Company Participants Al Petrie - Investor Relations CoordinatorGeorge Maxwell - Chief Executive Officer and DirectorRonald Bain - Chief Financial OfficerJeffrey Robertson - Managing DirectorChris Wheaton - Managing DirectorThor Pruckl - Chief Operating OfficerBill Dezellem - Founder, President & Chief Investment OfficerJames Wilen - President & CCO Conference Call Participants Charlie Sharp - Analyst Operator Good day, and welcome to the V ...