We came across a bullish thesis on Energy Fuels Inc. on Arya’s Substack by Arya. In this article, we will summarize the bulls’ thesis on UUUU. Energy Fuels Inc.'s share was trading at $24.16 as of January 27th. UUUU’s forward P/E was 212.77 according to Yahoo Finance. Uranium Energy (UEC) Drops as Traders Cash in on Gains nuclear-2082637_1280 Energy Fuels Inc. (UUUU) is a leading U.S. uranium producer and emerging rare earth elements (REE) supplier, uniquely positioned to benefit from the global nuclear ...

Group 1: Market Performance - All three major indexes finished 2025 with gains, marking their third consecutive year in the black, with the Dow Jones Industrial Average (DJI) adding 13%, the Nasdaq Composite (IXIC) rising 20.4%, and the S&P 500 Index (SPX) tacking on 16.4% [1] - Each benchmark also rose for the third straight quarter despite tech volatility, with the tech sector experiencing significant growth amid AI-related advancements [1] Group 2: Federal Open Market Committee and Precious Metals - The Federal Open Market Committee's (FOMC) December meeting minutes were a focal point, while silver prices reached record highs during a volatile week for precious metals [2] Group 3: AI Developments - Softbank is in advanced talks to acquire DigitalBridge Group (DBRG) for $4 billion to expand its AI infrastructure [3] - Meta Platforms (META) is acquiring Manus, a Singapore-based AI startup [3] - Applied Digital (APLD) announced plans to spin off its cloud business, merging with Ekso Bionics (EKSO) to create "ChronoScale" [3] - Baidu (BIDU) declared a spin-off of its semiconductor unit, Kunlunxin, with plans to list it in Hong Kong [3] Group 4: Future Outlook - Tech dominated this year's lucrative options plays, with expectations for AI continuing to be high [4] - Uranium producer Cameco (CCJ) has benefited from increased demand for alternative energy sources and is highlighted as a top stock pick for 2026 [4] - Attention is advised on SPX levels following the benchmark's recent record peak [4]

Core Insights - Energy Fuels Inc. (UUUU) and Cameco Corporation (CCJ) are significant players in the uranium production industry, expected to contribute notably to the global nuclear energy supply chain [1] Group 1: Uranium Market Overview - Uranium prices have recently declined to $71 per pound, down 14.3% year-over-year, following a brief surge to $79 in late June [2] - The long-term outlook for uranium remains strong due to the increasing demand for clean energy, particularly with U.S. government initiatives to quadruple nuclear energy capacity by 2050 [3] Group 2: Energy Fuels Analysis - Energy Fuels has been the leading U.S. producer of natural uranium concentrate, accounting for two-thirds of U.S. production since 2017 [4] - The White Mesa Mill in Utah is the only fully licensed conventional uranium processing facility in the U.S., with the Pinyon Plain mine expected to be the highest-grade uranium deposit in U.S. history [5] - Energy Fuels anticipates mining 55,000-80,000 tons of ore containing approximately 875,000-1,435,000 pounds of uranium in 2025, a 22% increase from previous guidance [6] - The company sold 50,000 pounds of uranium at $77.00 per pound in Q2 and expects to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts [7] - Energy Fuels is pioneering heavy rare earth element (HREE) production in the U.S., crucial for the permanent magnet industry [8] - The Donald Project in Australia is expected to start production by the end of 2027, with significant quantities of REE oxides in Madagascar and Brazil [9] - The company has a debt-free balance sheet and aims to ramp up uranium production to 6 million pounds annually [10] Group 3: Cameco Analysis - Cameco accounted for 16% of global uranium production in 2024 and plans to produce 18 million pounds at key sites in 2025 [13] - The company targets uranium deliveries of 31-34 million pounds in 2025, with production at joint venture Inkai resuming after a temporary suspension [15] - Cameco's financial strength is highlighted by a total debt to total capital ratio of 0.15 as of March 31, 2025, and plans to extend the mine life at Cigar Lake to 2036 [17] - The company expects a $170 million increase in its equity share of Westinghouse Electric's adjusted EBITDA due to nuclear reactor construction projects [18][19] Group 4: Financial Estimates and Performance - Energy Fuels' 2025 revenue is expected to drop by 41.24%, with a projected loss of $0.27 per share, while 2026 estimates show a 199.8% revenue surge and a potential profit of $0.06 per share [20][21] - Cameco's 2025 revenue is projected to grow by 10.2%, with earnings expected to increase by 120.4% [22] - Year-to-date, Energy Fuels stock has appreciated 84.8%, outperforming Cameco's 54.1% gain [24] - Energy Fuels trades at a forward price-to-sales multiple of 19.34X, while Cameco's is at 13.21X [26] Group 5: Conclusion - Both companies face short-term revenue challenges due to weak uranium prices, but Energy Fuels offers diversification through rare earth elements, while Cameco benefits from its fuel services business [27] - Energy Fuels has a stronger balance sheet and stock momentum, making it a more compelling investment choice compared to Cameco [28]

As filed with the Securities and Exchange Commission on September 6, 2024 Registration No. 333-280275 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________________________________ TAVIA ACQUISITION CORP. (Exact name of registrant as specified in its charter) ____________________________________________ Cayman Islands 6770 N/A (State or other jurisdiction of Incorporation or organization ...