Energy Fuels Inc. (TSX:EFR | NYSE American:UUUU), a key player in North America’s critical minerals and uranium sector with a market value of $1.01 billion, has officially named Nathan Bennett as its Chief Financial Officer, effective April 21, 2025.
Bennett, 44, steps into the CFO role after serving as Interim CFO since January 2024 and previously as Chief Accounting Officer and Corporate Controller. His elevation marks a pivotal leadership move as Energy Fuels strengthens its financial core during a time of rising investor optimism and strategic transformation.
Before joining Energy Fuels, Bennett played an instrumental role at Antero Midstream Corporation (NYSE:AM), where he held the post of Controller from 2013 to 2022. There, he oversaw treasury, accounting, and financial reporting, and was a key figure in the success of two initial public offerings in 2014 and 2017. His professional foundation was built at a top-tier assurance firm, where he advised energy sector clients.
Analysts are eyeing a positive turnaround for Energy Fuels in 2025, forecasting a full-year earnings per share (EPS) of $0.17, as per recent financial insights. This optimism is supported by the company’s solid balance sheet, showcasing more cash than debt — a rare strength in the current market climate.
Bennett is a Certified Public Accountant (CPA), licensed in Colorado, and holds a Bachelor’s and Master’s in Accounting from Utah State University. Notably, the company has clarified there are no family ties or related-party transactions involving Bennett, ensuring transparency and regulatory compliance. As of now, no contracts, bonuses, or incentive packages have been disclosed in connection with his appointment.
In its 2024 financial report, Energy Fuels posted $78.1 million in revenue, a leap from $37.9 million in 2023, mainly driven by a $39.9 million boost from heavy mineral sand sales. However, the company reported a net loss of $47.8 million due to elevated operating costs and major investments, including the acquisition of Base Resources and entry into the Donald Project joint venture.
Despite the loss, investor sentiment is on the rise. With disputes now resolved with the Navajo Nation and capital secured for near-term initiatives, firms have renewed their faith: one analyst raised their price target to $10.75, while another upgraded the stock from Neutral to Buy, citing an improved financial outlook.
As Energy Fuels marches toward a brighter 2025, Nathan Bennett’s appointment is seen as a key step in turning that vision into reality.
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