Energy Fuels Inc. announced it exceeded previously disclosed guidance for finished uranium production, mined uranium ore production, and uranium concentrate sales for fiscal year 2025. The company's successful performance reflects a significant ramp-up at its U.S. uranium mines and production facilities, positioning it as the leading domestic producer of natural uranium concentrate. This development is important because it demonstrates the company's operational capabilities during a period of growing interest in nuclear energy as a carbon-free power source.
The company reported that its Pinyon Plain Mine in Arizona and La Sal Complex in Utah mined more than 1.6 million pounds of uranium during the year. Meanwhile, its White Mesa Mill in Utah produced over one million pounds of finished U3O8, surpassing the high end of prior guidance. The White Mesa Mill represents a critical asset as the only fully licensed and operating conventional uranium processing facility in the United States, giving Energy Fuels a strategic advantage in domestic uranium production.
Beyond uranium, Energy Fuels is advancing its rare earth element and critical materials initiatives at the White Mesa Mill, where it produces advanced rare earth element products and vanadium oxide when market conditions warrant. The company is also evaluating the potential recovery of certain medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy cancer treatments. These diversified initiatives position Energy Fuels to contribute to multiple sectors of the critical minerals supply chain.
The company's performance has implications for the broader energy sector as nuclear utilities rely on domestic uranium production for carbon-free nuclear energy generation. With Energy Fuels strengthening its position as the largest U.S. uranium producer, the announcement signals potential stability in domestic uranium supply chains at a time when energy security and decarbonization are national priorities. The company's expansion into rare earth elements and critical materials further supports domestic manufacturing and technology sectors that depend on these resources.
Energy Fuels is also developing three additional heavy mineral sands projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. These international projects represent the company's global growth strategy in critical minerals. For more information about Energy Fuels, investors can visit the company's newsroom at http://ibn.fm/UUUU.
The company's common shares trade on the NYSE American under the symbol "UUUU" and on the Toronto Stock Exchange under "EFR." Energy Fuels' headquarters are located in Lakewood, Colorado, near Denver. The fiscal year 2025 performance results indicate the company's successful execution of its production strategy amid evolving market conditions for uranium and critical minerals.
