Energy Fuels Reports Q1 Loss, Increases Uranium Production Forecast Despite Financial Challenges

Energy Fuels Inc., a leading U.S. critical minerals company, reported a net loss of $26.3 million for the first quarter of 2025, accompanied by revenue of $16.9 million. Despite the financial setback, the company remains optimistic about its future, bolstering its uranium production forecast and advancing strategic partnerships.

The quarterly loss is attributed to inventory management strategies and production ramp-up costs. However, the company has increased its 2025 uranium production guidance to potentially reach one million pounds, driven by strong mineral grades at the Pinyon Plain mine. The company's uranium inventory has grown to 1.3 million pounds of U₃O₈.

Strategic partnerships with Chemours and POSCO are progressing the company's domestic rare earth supply chain objectives. The financial position remains robust, with over $210 million in working capital and no outstanding debt.

Energy Fuels' diversified approach spans uranium, rare earth elements, heavy mineral sands, and medical isotopes. The company operates the White Mesa Mill in Utah, the only fully licensed conventional uranium processing facility in the United States, positioning itself as a critical player in the emerging green energy and advanced materials landscape.