10 Worst Performing Energy Stocks in 2024

8. Energy Fuels Inc. (NYSEAMERICAN:UUUU)

1-Year Performance as of January 21: -28.29%

Market Cap as of January 21: $1.07 Billion

Number of Hedge Fund Investors: 11

Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a U.S. company that produces uranium, vanadium, and rare earth elements, which are essential for clean energy technologies and advanced manufacturing. The company primarily supplies materials for clients in the energy, defense, and industrial sectors. Energy Fuels Inc. (NYSEAMERICAN:UUUU) has a diverse portfolio of assets, including the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium mill in the United States.

Energy Fuels Inc. (NYSEAMERICAN:UUUU) is focusing on growing its uranium production. The company has a number of development projects in the pipeline, including the Sheep Mountain project in Wyoming and the Roca Honda project in New Mexico. These projects have the potential to significantly increase the company’s uranium production in the coming years, and Energy Fuels Inc. (NYSEAMERICAN:UUUU) is working to advance them through the development process. The company is also exploring opportunities to expand its existing operations, including the White Mesa Mill, which has the capacity to process up to 2,000 tonnes of uranium per year.

Energy Fuels Inc. (NYSEAMERICAN:UUUU) recently completed the acquisition of Base Resources, a leading producer of mineral sands, which has significantly enhanced the company’s portfolio of assets and provided access to new markets and opportunities. The acquisition has also brought new expertise and capabilities to the company, particularly in the area of physical metallurgy.