Ann: Update on Central Processing Plant Commissioning, page-257

Yes it could bounce back.
At this price, and with the company needing cash, they may receive a takeover bid.
My guess is somewhere around $2, but multiple offers could drive this higher.

There is also a chance they can receive funding from the US government, which has been mentioned several times in past announcements.
I am not sure how likely this is unless Uranium is declared as a critical mineral, which may happen soon (look up Trump's "Unleashing American Energy" executive order).

Unfortunately if neither of these things happen, we are probably looking at another hugely dilutive cap raise.