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Energy Fuels Crushes Its Own Guidance and Powers Into 2026

MarketDash Editorial Team
2 hours ago
Energy Fuels wrapped up 2025 by blowing past its uranium production targets, locking in major utility contracts, and positioning itself as America's dominant force in both uranium and critical minerals production.

Energy Fuels Inc. (UUUU) just closed out 2025 with the kind of numbers that make executives grin. The company didn't just meet its uranium production targets—it crushed them, cementing its position as the undisputed leader in U.S. uranium production while simultaneously building out a critical minerals business that could matter just as much down the road.

Production Numbers That Actually Delivered

Here's what actually happened: Mining operations at the Pinyon Plain and La Sal complexes pulled over 1.6 million pounds of uranium out of the ground in 2025, beating the high end of the company's own guidance by 11%. That's not a rounding error—that's genuine overperformance.

The White Mesa Mill, where the processing happens, produced over one million pounds of finished yellowcake for the year. December alone saw 350,000 pounds roll off the line, suggesting the company's operations are hitting their stride at a steady 2 million pound annual mining rate.

"These 2025 uranium metrics reinforce our reputation as, not only the country's lowest-cost and largest uranium producer, but as a company that delivers on its promises," said Energy Fuels CEO Mark Chalmers.

The Financial Picture

Production is one thing, but sales are what actually matter. Energy Fuels expects Q4 sales to hit 360,000 pounds—a 50% jump from the previous quarter. With a weighted average sales price of roughly $74.93 per pound, that translates to projected Q4 revenue of $27 million.

Perhaps more importantly for the long game, the company signed two new long-term contracts with U.S. nuclear utilities that extend through 2032. These are what the company calls "hybrid" deals, structured to provide a floor price if uranium markets tank while still letting Energy Fuels capture meaningful upside if spot prices keep climbing. It's the kind of setup that appeals to investors who like growth but also appreciate not getting demolished in a downturn.

What's Coming in 2026

Looking forward, Energy Fuels says its cost of goods sold should drop notably starting in Q1 when low-cost, high-grade ore from Pinyon Plain enters the inventory mix. Lower costs with steady or rising prices? That's the kind of margin expansion story that tends to get attention.

But the real headline for 2026 might be rare earths. The company expects to transition the White Mesa Mill to commercial-scale production of heavy rare earths—specifically dysprosium and terbium—in the second half of the year. This would mark the first U.S. commercial production of these materials in years, positioning Energy Fuels to benefit from the broader push to re-shore critical mineral supply chains away from foreign dependence.

UUUU Price Action: Energy Fuels shares were up 5.67% at $15.47 Monday, according to data from MarketDash.

Back to Stock Market News

Energy Fuels Crushes Its Own Guidance and Powers Into 2026

MarketDash Editorial Team
2 hours ago
Energy Fuels wrapped up 2025 by blowing past its uranium production targets, locking in major utility contracts, and positioning itself as America's dominant force in both uranium and critical minerals production.

Energy Fuels Inc. (UUUU) just closed out 2025 with the kind of numbers that make executives grin. The company didn't just meet its uranium production targets—it crushed them, cementing its position as the undisputed leader in U.S. uranium production while simultaneously building out a critical minerals business that could matter just as much down the road.

Production Numbers That Actually Delivered

Here's what actually happened: Mining operations at the Pinyon Plain and La Sal complexes pulled over 1.6 million pounds of uranium out of the ground in 2025, beating the high end of the company's own guidance by 11%. That's not a rounding error—that's genuine overperformance.

The White Mesa Mill, where the processing happens, produced over one million pounds of finished yellowcake for the year. December alone saw 350,000 pounds roll off the line, suggesting the company's operations are hitting their stride at a steady 2 million pound annual mining rate.

"These 2025 uranium metrics reinforce our reputation as, not only the country's lowest-cost and largest uranium producer, but as a company that delivers on its promises," said Energy Fuels CEO Mark Chalmers.

The Financial Picture

Production is one thing, but sales are what actually matter. Energy Fuels expects Q4 sales to hit 360,000 pounds—a 50% jump from the previous quarter. With a weighted average sales price of roughly $74.93 per pound, that translates to projected Q4 revenue of $27 million.

Perhaps more importantly for the long game, the company signed two new long-term contracts with U.S. nuclear utilities that extend through 2032. These are what the company calls "hybrid" deals, structured to provide a floor price if uranium markets tank while still letting Energy Fuels capture meaningful upside if spot prices keep climbing. It's the kind of setup that appeals to investors who like growth but also appreciate not getting demolished in a downturn.

What's Coming in 2026

Looking forward, Energy Fuels says its cost of goods sold should drop notably starting in Q1 when low-cost, high-grade ore from Pinyon Plain enters the inventory mix. Lower costs with steady or rising prices? That's the kind of margin expansion story that tends to get attention.

But the real headline for 2026 might be rare earths. The company expects to transition the White Mesa Mill to commercial-scale production of heavy rare earths—specifically dysprosium and terbium—in the second half of the year. This would mark the first U.S. commercial production of these materials in years, positioning Energy Fuels to benefit from the broader push to re-shore critical mineral supply chains away from foreign dependence.

UUUU Price Action: Energy Fuels shares were up 5.67% at $15.47 Monday, according to data from MarketDash.