Why Energy Fuels Stock Just Popped
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Energy Fuels stock rose 10.8% following news that the U.S. government may take a 10% stake in Lithium Americas, which is set to renegotiate a $2.3 billion loan. Investors speculate that government interest in strategic minerals like lithium and uranium could lead to future support for Energy Fuels, an American uranium miner. Despite the potential, Energy Fuels remains unprofitable, with expectations of profit next year, highlighting investment risks.
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