Energy Fuels Surpasses Production Targets and Gains Ground in Rare Earths

Energy Fuels CA2926717083

Shares of Energy Fuels Inc. surged more than 10% in Monday's trading session following a series of positive operational and strategic updates. The company has not only exceeded its 2025 uranium production guidance but has also secured a significant qualification for its rare earth elements, positioning it for growth in two critical sectors.

The company's financial position provides a solid foundation for its ambitious plans. Energy Fuels is debt-free and reported a working capital position of $298.5 million, which includes $94 million in cash. This financial stability comes alongside a remarkable share price appreciation of nearly 186% over the preceding twelve-month period.

Operational Excellence in Uranium

Energy Fuels has firmly established itself as a leading U.S. uranium producer, with extraction rates currently running at approximately 2 million pounds of recoverable uranium annually. The company intends to maintain this production pace at least through 2026.

The 2025 operational results significantly outperformed expectations:
* Uranium Mined: More than 1.6 million pounds from the Pinyon Plain Mine and La Sal Complex, exceeding guidance by 11%.
* Uranium Processed: Over 1 million pounds of U₃O₈ at the White Mesa Mill.
* Q4 Sales Volume: An anticipated 360,000 pounds, representing a 50% increase from the previous quarter.
* Q4 Revenue: Projected at roughly $27 million, based on a weighted average sales price of $74.93 per pound.

To further bolster its resource base, the company is conducting additional exploration drilling in the Juniper Zone.

Strategic Advance in Rare Earth Elements

In a strategic breakthrough in December 2025, Energy Fuels achieved a milestone in its rare earths business. The company's high-purity dysprosium oxide (99.9% purity) successfully passed the qualification tests of a major South Korean automotive manufacturer for use in permanent magnet production.

This achievement makes Energy Fuels the first U.S. company to have both its "light" and "heavy" rare earth products qualified for permanent magnet applications. The commercial production of dysprosium and terbium at the White Mesa Mill could commence as early as the fourth quarter of 2026.

Forward-Looking Commitments and Outlook

Energy Fuels has secured its future revenue stream by signing two new long-term supply contracts with U.S. nuclear utility customers for the period spanning 2027 to 2032. For 2026, the company plans to sell between 780,000 and 880,000 pounds of uranium under long-term contracts.

Furthermore, the company expects its production costs to decrease starting in the first quarter of 2026. This reduction is anticipated as more cost-effectively mined uranium from the Pinyon Plain Mine enters its sales cycle.