#Energy Fuels #uranium production #REE Processing

Energy Fuels Expects to Achieve Full-Year Uranium Production Guidance by Mid-Year

Energy Fuels Inc. (NYSE: UUUU) has recently provided an optimistic mid-year update regarding its uranium production operations in the U.S. The Company is on course to meet its full-year uranium production guidance, projecting an output of approximately 1.6 million pounds of finished U3O8 from January through June 2026. This forecast aligns well within the previously announced annual production target range of 1.5 to 2.5 million pounds.

Located in Denver, Colorado, Energy Fuels operates the White Mesa Mill in Utah, which is currently the only operational conventional uranium processing facility in the United States. The anticipated uranium production from this mill is expected to support the current energy demand and assist in the transition to cleaner nuclear energy by providing the necessary materials.

Robust Operations and Production Plans

By the end of this month, the Company plans to complete its uranium ore processing campaign at the White Mesa Mill. The expected average monthly production exceeding 265,000 pounds of U3O8 will be achieved through the processing of ore extracted from its conventional mining sites, such as the Pinyon Plain mine in Arizona and La Sal Complex in Utah. This successful operational strategy underscores the efficiency and execution of Energy Fuels’ mining activities.

Following this campaign, Energy Fuels will focus on rebuilding ore stockpiles and is poised to resume ore processing in the fourth quarter of 2026. This timeline will depend on continued strong ore production levels, market conditions for uranium, and there may also be an opportunity for a rare earth element (REE) processing campaign.

Upcoming REE Developments

Starting in July 2026, Energy Fuels plans to implement modifications to its existing Phase 1 REE circuits at the White Mesa Mill, which currently have the capability to produce commercial amounts of separated neodymium-praseodymium (NdPr). These enhancements are projected to allow for the production of