Uranium prices have seen a decrease from the highs of $105/lb to the low-$80s, affecting Energy Fuels' stock performance. Despite this trend, the company remains optimistic about its future prospects. Energy Fuels is concentrating on ramping up production to 1.1-1.4mm pounds per year by the end of 2024. By leveraging long-term sales agreements and spot market sales, the company aims to navigate the current market conditions. Energy Fuels is strategically transitioning its White Mesa Mill back to uranium processing, with plans to have it operational by October 2024. The firm currently holds a substantial amount of processed and unprocessed uranium, positioning it well to meet demand. Additionally, Energy Fuels is exploring new production locations to further boost its uranium output. Management's focus on securing long-term contracts and expanding production capacity demonstrates a commitment to long-term growth. Energy Fuels is also venturing into rare earth elements production for applications in electric vehicles, windmills, and aerospace & defense, aligning with trends in renewable energy. While challenges exist, such as market volatility and shifts in demand for electric vehicles impacting rare earth elements markets, Energy Fuels' diversified revenue streams and strategic initiatives in uranium and REE production indicate a positive outlook for the company's future growth and market positioning.