Energy Fuels Inc. Surpasses Uranium Production Estimates at Pinyon Plain Mine in Q2 2025

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced its Pinyon Plain uranium mine in Arizona exceeded production expectations in the second quarter of 2025, mining 230,661 pounds of U₃O₈ in June alone, contributing to a quarterly total of 638,700 pounds. The June grades averaged 3.51% U₃O₈, with the quarter averaging 2.23%. CEO Mark S. Chalmers highlighted the mine's significance, stating it is likely to be one of the highest-grade uranium deposits mined in U.S. history.

In Q2, Energy Fuels sold 50,000 pounds of uranium on the spot market at an average of $77 per pound. The company anticipates selling 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts. For 2026, sales projections range between 620,000 and 880,000 pounds. This production and sales performance underscores the growing demand for uranium in the nuclear energy sector, which is pivotal for carbon-free energy production.

The announcement is significant for the nuclear energy industry and investors, as it demonstrates Energy Fuels' capacity to meet and exceed production targets, contributing to the U.S.'s energy independence and the global shift towards cleaner energy sources. The Pinyon Plain mine's high-grade uranium deposits are a critical resource for the nuclear power industry, which relies on uranium for fuel. This development not only reinforces Energy Fuels' position as a leading uranium producer but also highlights the importance of domestic uranium production in supporting the nuclear energy sector's growth and sustainability.