Energy Fuels Inc. (NYSE:UUUU) Q4 2023 Earnings Conference Call February 26, 2024 8:30 AM ET
Company Participants
Mark Chalmers - President and CEO
Nate Bennett - our Interim CFO and Chief Accounting Officer
Conference Call Participants
Mike Heim - Noble Capital Markets
Joseph Reagor - ROTH MKM
Operator
Good morning. My name is Joelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Energy Fuels Fiscal Year 2023 Conference Call. [Operator Instructions]
Thank you. Mr. Chalmers, you may begin your conference.
Mark Chalmers
Thank you, Joelle, for that introduction, and good morning or afternoon, wherever you're joining this call from. I really appreciate you joining the conference call and webcast today for Energy Fuels 2023 annual results. We are very excited to discuss what has been an extraordinary 2023 and a very busy start to Q1 of '24. For those that cannot join the call today, we'll have replays of this presentation available for two weeks on our website either later today or tomorrow.
I don't believe I have ever been more excited to update you on both our 2023 results as well as a snapshot of where we are driving the company in 2024. I hope it is apparent based on our actions that Energy Fuels has emerged as the up-and-coming leader in U.S. uranium and critical mineral production at a time when this has never been more important.
Many of you have heard me say we will always be aggressive but not reckless. And I believe 2023 is a testament of how our company is striving to build a world-significant uranium critical mineral company in a way that is unique to Energy Fuels, assets and our expertise.
In short, we believe 2023 clearly demonstrates that we are company builders, not promoters. Our goal is to become a company that generates sustainable and significant high-margin cash flows from the production of advanced critical materials centered around uranium and other elements found in nature with uranium. 2023 represents a major step in that direction.
Just a few highlights from the press release and year-end financials, net income of nearly $100 million, $222 million of working capital, $37 million in sales of both uranium vanadium, rare earths and no debt. We have over $1 billion worth of assets. If you add or you can add another $45 million of liquidity, if you look at our inventories at current market prices.