Core Insights - Energy Fuels Inc. (UUUU) and Cameco Corporation (CCJ) are significant players in the uranium production industry, expected to contribute notably to the global nuclear energy supply chain [1] Group 1: Uranium Market Overview - Uranium prices have recently declined to $71 per pound, down 14.3% year-over-year, following a brief surge to $79 in late June [2] - The long-term outlook for uranium remains strong due to the increasing demand for clean energy, particularly with U.S. government initiatives to quadruple nuclear energy capacity by 2050 [3] Group 2: Energy Fuels Analysis - Energy Fuels has been the leading U.S. producer of natural uranium concentrate, accounting for two-thirds of U.S. production since 2017 [4] - The White Mesa Mill in Utah is the only fully licensed conventional uranium processing facility in the U.S., with the Pinyon Plain mine expected to be the highest-grade uranium deposit in U.S. history [5] - Energy Fuels anticipates mining 55,000-80,000 tons of ore containing approximately 875,000-1,435,000 pounds of uranium in 2025, a 22% increase from previous guidance [6] - The company sold 50,000 pounds of uranium at $77.00 per pound in Q2 and expects to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts [7] - Energy Fuels is pioneering heavy rare earth element (HREE) production in the U.S., crucial for the permanent magnet industry [8] - The Donald Project in Australia is expected to start production by the end of 2027, with significant quantities of REE oxides in Madagascar and Brazil [9] - The company has a debt-free balance sheet and aims to ramp up uranium production to 6 million pounds annually [10] Group 3: Cameco Analysis - Cameco accounted for 16% of global uranium production in 2024 and plans to produce 18 million pounds at key sites in 2025 [13] - The company targets uranium deliveries of 31-34 million pounds in 2025, with production at joint venture Inkai resuming after a temporary suspension [15] - Cameco's financial strength is highlighted by a total debt to total capital ratio of 0.15 as of March 31, 2025, and plans to extend the mine life at Cigar Lake to 2036 [17] - The company expects a $170 million increase in its equity share of Westinghouse Electric's adjusted EBITDA due to nuclear reactor construction projects [18][19] Group 4: Financial Estimates and Performance - Energy Fuels' 2025 revenue is expected to drop by 41.24%, with a projected loss of $0.27 per share, while 2026 estimates show a 199.8% revenue surge and a potential profit of $0.06 per share [20][21] - Cameco's 2025 revenue is projected to grow by 10.2%, with earnings expected to increase by 120.4% [22] - Year-to-date, Energy Fuels stock has appreciated 84.8%, outperforming Cameco's 54.1% gain [24] - Energy Fuels trades at a forward price-to-sales multiple of 19.34X, while Cameco's is at 13.21X [26] Group 5: Conclusion - Both companies face short-term revenue challenges due to weak uranium prices, but Energy Fuels offers diversification through rare earth elements, while Cameco benefits from its fuel services business [27] - Energy Fuels has a stronger balance sheet and stock momentum, making it a more compelling investment choice compared to Cameco [28]

Conference Call and Webcast at 9:00 AM MT on Thursday, August 7, 2025DENVER, July 24, 2025 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements, and critical minerals, will hold a conference call on Thursday, August 7, 2025, at 9:00 AM Mountain Time to discuss its financial results for Q2-2025. Financial results and other highlights will be issued in a press release prior to the call.Energy Fuels' management will host the conference call, ...

Key Takeaways Energy Fuels launched pilot HREE oxide production at its White Mesa Mill, including 99.5% pure Dy oxide. UUUU plans pilot-scale Tb by Nov 2025 and Sm by Jan 2026, aiming for full output by Q426 post-modifications. The Donald Project in Australia and assets in Brazil and Madagascar may bolster UUUU's REE supply chain.Energy Fuels Inc. (UUUU) has initiated the pilot-scale production of heavy rare earth element (HREE) oxides at its White Mesa Mill in Utah. Currently, it is the only facility in ...

Core Viewpoint - Energy Fuels is advancing its production of heavy rare earth element oxides, with potential commercial production starting as early as Q4 2026, addressing the U.S. demand for these critical minerals [1][4][6]. Production Update - Energy Fuels has begun pilot-scale production of Dysprosium (Dy) oxide with a minimum purity of 99.5%, expecting to produce its first kilogram within 30 days and approximately 15 kg by the end of September 2025 [3][4]. - The company plans to start producing Terbium (Tb) oxide by the end of November 2025 and anticipates beginning production of Samarium (Sm) oxide in January 2026 [3][4]. Unique Position in the Market - Energy Fuels is the only U.S. company producing separated heavy rare earth oxides from mined ores at a commercial facility, differentiating itself from competitors who focus on recycling [5][9]. - The company has successfully separated Neodymium and Praseodymium (NdPr) on a commercial scale since April 2024, positioning itself to meet the needs of U.S. manufacturers for rare earth metals and alloys [6][9]. Donald Project Insights - The Donald Project in Australia is a significant source of heavy rare earth elements, containing high concentrations of xenotime, which is rich in Dy, Tb, and Sm [7]. - The project is expected to produce approximately 129 tonnes of Sm, 16 tonnes of Tb, and 92 tonnes of Dy annually, significantly exceeding current U.S. requirements [7]. - If production decisions are made in 2025, commercial production from the Donald Project could commence by the end of 2027 [4][7]. Future Projects - Energy Fuels is also developing the Toliara Project in Madagascar, targeted to come online as early as 2028, and the Bahia Project in Brazil, expected in 2029, both containing significant quantities of light and heavy rare earth oxides [8][9].

The U.S. Department of Energy announced a pivotal new program to resurrect America’s nuclear fuel supply chain, a development that potentially places domestic uranium producer Energy Fuels Inc UUUU in a favorable position.What To Know: The DOE on Wednesday issued a Request for Application inviting qualified U.S. companies to build and operate nuclear fuel production lines. This initiative aims to eliminate U.S. reliance on foreign enriched uranium and fuel the nation’s advanced reactor development.Energy Fu ...

Energy Fuels (UUUU) shares ended the last trading session 10.7% higher at $7.76. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 20.9% gain over the past four weeks.Shares of Energy Fuels gained following the announcement that the Pinyon Plain uranium mine in Arizona is significantly outperforming earlier production estimates. Pinyon Plain mine output was driven by high grades averaging 3.51% in June and 2.23% in t ...

Core Viewpoint - Energy Fuels (UUUU) has significantly outperformed the non-ferrous mining industry, gaining 36% in the past three months while the industry fell by 29.6% [1] Performance Comparison - Energy Fuels has outperformed the Zacks Basic Materials sector, which gained 9.8%, and the S&P 500, which rose by 15.9% during the same period [1] - In comparison to peers, Centrus Energy (LEU) gained 178.8% and Cameco (CCJ) gained 75.2%, while Uranium Energy (UEC) lagged with a 26.5% gain [4][6] Production and Sales Outlook - The Pinyon Plain mine produced 638,700 pounds of uranium in Q2, with ore grades averaging 3.51% in June and 2.23% for the quarter, indicating it may be the highest-grade uranium deposit in U.S. history [10][11] - Energy Fuels sold 50,000 pounds of uranium at an average price of $77.00 per pound in Q2, with expectations to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts [12][13] Project Development - The company is fast-tracking the permitting process for the Roca Honda project in New Mexico and has resumed efforts on the EZ Complex in Arizona, with the Bullfrog Project in Utah indicating significant uranium resources [14] Financial Position - As of March 31, 2025, Energy Fuels had $214.61 million in working capital, including $73 million in cash and cash equivalents, and is noted for having a debt-free balance sheet [15][16] Earnings Estimates - The Zacks Consensus Estimate projects a loss of 28 cents per share for 2025, with a potential earnings of six cents per share in 2026 [17][18] Market Conditions - Uranium prices have faced volatility, currently at $74.5 per pound, down 14.6% year-over-year, influenced by oversupply and uncertain demand [21] - Prices had previously peaked at $79 due to market dynamics, including government initiatives to increase domestic nuclear energy capacity [22] Valuation Concerns - Energy Fuels is trading at a forward price/sales ratio of 12.11X, significantly above the industry average of 2.97X, indicating a stretched valuation [23][24] Long-Term Growth Potential - The increasing demand for uranium and rare earth elements (REEs) in clean energy technologies presents a growth opportunity for Energy Fuels, which is ramping up uranium production while developing REE capabilities [25]

Core Insights - Energy Fuels (UUUU) is enhancing its position in the uranium sector, with the Pinyon Plain mine in Arizona achieving significant production figures, producing 230,661 pounds of uranium in June and totaling 638,700 pounds for Q2, highlighting the company's commitment to increasing domestic uranium production [1][9] Production and Exploration - The Pinyon Plain mine boasts exceptional ore grades, averaging 3.51% in June and 2.23% for Q2, indicating it may become the highest-grade uranium deposit mined in U.S. history. Currently, only about 25% of the target zone is being mined, suggesting considerable exploration potential [2] - Recent drill results from the Juniper zone indicate the possibility of significant additional discoveries at the Pinyon Plain mine [2] Project Development - The company is expediting the permitting process for the Roca Honda project in New Mexico and has resumed efforts for the EZ Complex in northern Arizona, which consists of two "breccia pipe" deposits similar to Pinyon Plain. The Bullfrog Project in Utah has confirmed higher uranium resources, with indicated resources of 10.5 million pounds and inferred resources of 3.4 million pounds [3] - With its current operations and development pipeline, the company has the potential to produce up to 6 million pounds of uranium annually [4] Industry Context - Ur Energy (URG) operates the Lost Creek project in Wyoming with an annual capacity of 1.2 million pounds and has recently expanded operations at Shirley Basin, which will have a licensed capacity of 1 million pounds [5] - Uranium Energy (UEC) is in the exploration stage and has restarted uranium extraction at the Christensen Ranch Mine in Wyoming, with ongoing development programs for other projects [6][7] Financial Performance - Energy Fuels shares have increased by 20.3% this year, contrasting with an 11.1% decline in the industry [8] - The company is trading at a forward 12-month price/sales multiple of 13.48X, significantly higher than the industry's 3.01X [10]

Group 1 - Energy Fuels Inc. announced significant production increases at its Pinyon Plain uranium mine in Arizona, with 230,661 pounds of U3O8 mined in June 2025, leading to a total production of 638,700 pounds for Q2 2025 [1][2] - The company sold 50,000 pounds of U3O8 at an average price of $77.00 per pound in the second quarter [1][2] - Future sales projections include 140,000 pounds of U3O8 in Q3 2025 and 160,000 pounds in Q4 2025, all from existing utility long-term contracts, with expectations of selling between 620,000 to 880,000 pounds in 2026 [1][2] Group 2 - The Nasdaq index reached a new high during the week of June 30 to July 4, 2025, while the Hang Seng Tech Index fell by 2.3% [2] - Energy Fuels Inc. saw an 11% increase in stock price following the release of its June production data, outperforming several other companies in the market [2] - The overall market sentiment was influenced by strong employment data and the passage of the "One Big Beautiful Bill," which positively affected cryptocurrency assets and related markets [4]

Group 1 - Energy Fuels Inc. (NYSE: UUUU) is initiated with a Strong Buy rating and a price target of $13, positioning it as the leading vertically integrated U.S. uranium producer with processing capabilities in vanadium and rare earths [1] - Moretus Research focuses on delivering high-quality equity research for serious investors, applying a structured framework to identify companies with durable business models and mispriced cash flow potential [1] - The research emphasizes rigorous fundamental analysis and a judgment-driven process, avoiding noise and overly complex forecasting, with valuation based on sector-relevant multiples tailored to each company's business model [1] Group 2 - Moretus Research aims to raise the standard for independent investment research by providing professional-grade insights and actionable valuation, focusing on underappreciated companies undergoing structural change or temporary dislocation [1]