Energy Fuels' U.S. Uranium Business Continues to Deliver, with Year-End Production and Sales Exceeding Guidance

Core Viewpoint - Energy Fuels Inc. has reported significant achievements in its uranium business for FY-2025, exceeding production and sales guidance, and reinforcing its position as the largest uranium producer in the U.S. [2][3] Uranium Production Update - The Pinyon Plain Mine and La Sal Complex have mined over 1.6 million pounds of uranium in 2025, surpassing guidance by approximately 11% [5] - The current mining rate is about 2.0 million pounds of recoverable uranium per year, expected to continue through at least 2026 [5] - The White Mesa Mill has produced over one million pounds of finished uranium during 2025, with a monthly production of over 350,000 pounds in December alone [6] Uranium Sales Update - Energy Fuels anticipates selling 360,000 pounds of uranium in Q4-2025, a 50% increase from Q3-2025 [7] - Expected gross uranium sales revenue for Q4-2025 is approximately $27.0 million, with a weighted average sales price of about $74.93 per pound [7] - The company has secured two new long-term uranium sales contracts for deliveries from 2027 to 2032, which include hybrid pricing mechanisms [8] Future Outlook - Energy Fuels expects to complete sales of approximately 780,000 to 880,000 pounds of uranium under long-term contracts in 2026, with additional sales potential in spot and term markets [9] - The company anticipates a decrease in the cost of goods sold starting Q1-2026 as low-cost uranium from Pinyon Plain is added to inventory [10]