Energy Fuels' Pinyon Plain Uranium Mine Continues to Outperform

Core Viewpoint - Energy Fuels Inc. has reported significant production results from its Pinyon Plain uranium mine, establishing it as a leading new uranium mine globally, with expectations for continued growth in uranium sales and production efficiency [1][2]. Production and Sales - In Q2 2025, the company mined a total of 638,700 pounds of U3O8, with June alone contributing 230,661 pounds [1]. - The average uranium grade at the Pinyon Plain mine was 3.51% U3O8 in June 2025 and 2.23% U3O8 for the entire second quarter [1]. - Energy Fuels sold 50,000 pounds of U3O8 on the spot market at an average price of $77.00 per pound during Q2-2025 [2]. - The company anticipates selling 140,000 pounds of U3O8 in Q3 and 160,000 pounds in Q4 under existing long-term utility contracts [2]. Future Expectations - Energy Fuels expects to sell between 620,000 and 880,000 pounds of U3O8 under long-term contracts in 2026 [2]. - The company plans to continue opportunistic sales of U3O8 in 2025 and 2026 and may enter new long-term sales contracts due to increased production [3]. Exploration Potential - The company has only mined approximately 25% of the vertical extent of the prospective ore zone at Pinyon Plain, indicating significant exploration potential [2]. - Recent drill results in the Juniper zone suggest further discovery opportunities [2]. Company Overview - Energy Fuels is a leading U.S. producer of uranium and critical minerals, operating several uranium projects and the only conventional uranium processing facility in the U.S. [5]. - The company is also involved in the production of rare earth elements, vanadium, and medical isotopes, with ongoing projects in various countries [5].