#USA #Denver #Energy Fuels #uranium production #Pinyon Plain

Energy Fuels Achieves Record Uranium Production in May 2025

Energy Fuels Inc. (NYSE American: UUUU) has achieved another significant milestone in its uranium production efforts, reflecting the strength of the domestic energy sector in the U.S. In May 2025, the company's Pinyon Plain mine in Arizona reached an impressive production level of nearly 260,000 pounds of U3O8, marking a 71% increase from its previous month's output.

Revitalizing Domestic Uranium Industry

With the U.S. government pushing for an expansion in the nuclear fuel sector, Energy Fuels is at the forefront of revitalizing the domestic uranium industry. Mark Chalmers, the President and CEO of Energy Fuels, emphasized the company's aggressive strategy to enhance uranium supply swiftly to support President Trump’s energy policies. The Pinyon Plain mine is being touted as a vital component of this initiative, benefitting from its high grade and low cost—critical factors in meeting rising energy demands across the nation.

During the first five months of 2025, the Pinyon Plain mine has produced around 478,384 pounds of U3O8 from nearly 12,461 tons of ore, showcasing an overall production rate that continues to exceed expectations. Notably, the company has consistently averaged around 205,000 pounds per month in the last two months, increasing confidence in the mine's production capabilities.

Bullfrog Project Update

In addition to the remarkable output from Pinyon Plain, Energy Fuels has also filed an updated Technical Report regarding its Bullfrog Project in Utah. This report includes a newly estimated mining resource of approximately 15 million pounds of U3O8, reflecting a significant increase over earlier figures.

The Bullfrog Project is poised for development with a projected mine life of 15 years and an annual output of between 700,000 to 800,000 pounds of U3O8. The economics of the project are promising, with total expected sustaining costs of $65.67 per pound of U3O8, which positions it favorably against current market prices.

Fast-Track Permitting for Future Projects

Following significant developments, including the Roca Honda Mine in New Mexico being added to the federal permitting dashboard, Energy Fuels is fast-tracking its permitting processes to ensure rapid advancement of its projects. The company has retained multiple consulting firms to facilitate this expedited process, capitalizing on the political support for nuclear energy.

Meanwhile, the EZ Complex in Arizona is also seeing renewed activities, focusing on two closely located deposits that significantly resemble the mining potential of Pinyon Plain. The company's ability to secure necessary permits quickly will be vital for establishing itself as a lasting contributor to the U.S. uranium industry.

Conclusion: A Bright Future for Energy Fuels

As Energy Fuels continues to exceed production targets and advance crucial projects, it reaffirms its status as a pivotal player in the U.S. critical minerals sector. With ongoing expansions and strong market demand ahead, the company is strategically positioned to fulfill both immediate and long-term energy needs in the United States, contributing to a sustainable energy future. As efforts are undertaken to refine its mining processes and develop its pipeline projects, Energy Fuels showcases a strong commitment to enhancing domestic uranium supply, thereby aligning with national energy objectives.