Core Insights - Energy Fuels (UUUU) has strong long-term prospects in uranium and rare earth elements (REEs), benefiting from rising nuclear demand as countries prioritize low-carbon and energy-secure power [1] Financial Performance - Energy Fuels' revenues fell 16% year over year to $65.9 million in 2025, with uranium revenues rising 27% to $48.2 million [8][9] - The company reported a loss of 38 cents per share in 2025, wider than the 28 cents per share loss in 2024, primarily due to elevated costs following the Base Resources acquisition [10] - The Zacks Consensus Estimate for UUUU's earnings for 2026 is a loss of six cents per share, with a projected turnaround to earnings of 13 cents per share in 2027 [22][26] Production and Expansion Plans - Energy Fuels mined 1.72 million pounds of uranium in 2025, exceeding guidance, and expects to mine 2-2.5 million pounds in 2026 [6][13] - The company plans a Phase 2 REE expansion at White Mesa, increasing NdPr oxide capacity to 6,294 tons annually, with an estimated capital cost of $410 million [18] - Energy Fuels has also announced a deal to acquire Australian Strategic Materials, aiming to create the largest fully integrated REE producer outside of China [20] Market Position and Valuation - Energy Fuels' stock has surged 401.2% in the past year, outperforming the industry and key peers [4] - The stock is currently trading at a forward price-to-sales ratio of 27.90X, significantly higher than the non-ferrous mining industry's 4.81X [2] - The company ended 2025 with $927.5 million of working capital and no debt, positioning it well for future growth [21] Strategic Outlook - Rising demand for uranium and REEs, along with U.S. efforts to reduce reliance on Chinese supply chains, provides strong long-term tailwinds [24] - The White Mesa Mill is the only U.S. facility able to process monazite and produce separated REE materials, giving the company a competitive edge [24] - Energy Fuels is ramping up uranium production while developing significant REE capabilities, with standby projects potentially adding up to 500,000 pounds of annual uranium production [25]

Core Viewpoint Energy Fuels Inc. reported significant operational and financial achievements for 2025, highlighting increased uranium production and sales, advancements in rare earth element processing, and a robust financial position with nearly $1 billion in working capital. The company is positioning itself as a leader in the critical materials sector, with plans for future growth and expansion. Financial Highlights - The company incurred a net loss of $86.1 million or $0.38 per share in 2025, an increase from a net loss of $47.8 million or $0.28 per share in 2024, primarily due to higher operational costs following the acquisition of Base Resources Limited [1][2] - Completed an upsized offering of $700 million in 0.75% convertible senior notes, enhancing liquidity to $927.4 million as of December 31, 2025, including $64.7 million in cash and cash equivalents [2][3] - Total revenues for 2025 were $65.9 million, down from $78.1 million in 2024, with uranium revenues of $48.2 million from the sale of 650,000 pounds of U3O8 [5][6] Uranium Production and Sales - Exceeded 2025 guidance in all metrics, producing 1,720,000 pounds of contained U3O8 and processing 1,015,000 pounds of finished U3O8 [2][3] - Entered into two new long-term contracts with U.S. nuclear power companies, expanding the portfolio to six contracts with deliveries extending to 2032 [2][3] - The average spot price of U3O8 was $89.50 per pound as of February 20, 2026, with a long-term price of $90.00 per pound [2][3] Rare Earth Elements (REE) Developments - Significant investments in the rare earth segment, with products confirmed and qualified for use in electric vehicles [1][2] - Planned expansion of the Phase 1 Circuit at the White Mesa Mill to enhance heavy REE production, with expected operational capabilities by 2027 [3][4] - The company announced a proposed acquisition of Australian Strategic Materials to strengthen its position in the rare earth market [1][2] Future Guidance and Projects - For 2026, the company expects to mine between 2,000,000 to 2,500,000 pounds of contained U3O8 and process between 1,500,000 to 2,500,000 pounds of finished U3O8 [2][3] - The company is advancing several uranium projects, including Roca Honda and Bullfrog, which could expand production by over 5 million pounds of U3O8 annually [2][3] - The Vara Mada Project in Madagascar is projected to generate a post-tax NPV of approximately $1.8 billion, with a potential ramp-up to over $500 million in annual EBITDA [4][5] Leadership Transition - The company is preparing for a leadership transition, with Ross Bhappu set to become President and CEO on April 15, 2026, as Mark Chalmers retires [1][2]

Core Viewpoint - New Earth Resources Corp. has appointed Jack Lifton as an advisor, leveraging his extensive experience in the natural resources sector to enhance the company's exploration strategy in critical minerals [1][4]. Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing advanced and early-stage exploration projects, with its flagship project being the 100% owned Lucky Boy Uranium Property in Arizona, which spans approximately 273 acres and has a history of uranium production [5]. - The company also has options to acquire additional claims, including 23 claims in Quebec's Strange Lake area, prospective for rare earth elements, and the Red Wine Rare Earth Project in Labrador, covering approximately 1,575 hectares [6]. Advisory Role - In his advisory capacity, Jack Lifton will provide insights on critical minerals markets, project evaluation, and industry trends, which will support New Earth's exploration strategy and long-term positioning in the rare earth and critical minerals sector [4]. - Lifton's background includes senior roles in mining, refining, and technology metals, and he is currently Co-Chair of the Critical Minerals Institute, focusing on North American critical mineral supply chains [2][3].

As filed with the Securities and Exchange Commission on January 30, 2026. Registration No. 333-292006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ JAGUAR URANIUM CORP. (Exact name of registrant as specified in its charter) _____________________________________ | British Columbia | 1000 | Not applicable | | --- | --- | --- | ...

Core Insights - The global rare earth element (REE) refining and separation capacities are highly concentrated, primarily in China, which poses risks for downstream manufacturers regarding lead times and supply continuity [1][2] - China has established significant dominance in the REE market through substantial investments, controlling approximately 70% of global REE extraction, 90% of separation and processing, and 93% of magnet manufacturing [2][3] - Europe is currently highly dependent on China for its REE supply, with efforts underway to reduce this dependency through various initiatives and investments [5][14] Group 1: China's Dominance in REE - China has invested between $9 billion and $10 billion in rare earth companies from 2010 to 2019, focusing on downstream operations, which has led to its control of 85%-90% of global rare earth refining capacity by 2019 [2][4] - The Chinese government has implemented a quota system and export controls, further solidifying its dominance in the REE market [10][11] - China's geographical advantages, including significant deposits and lower operational costs due to less stringent environmental regulations, contribute to its competitive edge [9][8] Group 2: Europe's Response and Initiatives - Europe is attempting to mitigate its dependency on China by developing national mineral strategies and initiatives like the Raw Materials Initiative and the European Critical Raw Materials Act (CRMA) [15][16] - The CRMA aims for 40% of processing across the strategic raw material supply chain to be domestic by 2030 and limits the share of any single third country to no more than 65% of the EU's annual needs [16][17] - The European Raw Materials Alliance (ERMA) has identified around €1.7 billion in potential investment needs to enhance Europe's REE extraction and processing capabilities [18] Group 3: Current and Future Projects in Europe - There are currently ten REE mines in the exploration stage in Europe, with several projects facing delays due to regulatory approvals and environmental scrutiny [21][23] - Two operational REE processing facilities exist in Europe, with one in La Rochelle, France, capable of processing all 17 rare earths, although its output is significantly lower than China's [24][25] - Magnet recycling initiatives are being developed to reduce dependency on China, with facilities starting production in Germany and a new plant by Caremag set to open this year [29][30] Group 4: Challenges Ahead - Despite ongoing efforts, Europe's upstream REE development capacity is unlikely to expand significantly in the near term due to stalled projects and regulatory challenges [23][22] - The complexity of establishing processing capacity for rare earths poses technical challenges and health risks, which may hinder progress [24] - China's established technical know-how and integrated downstream industries present significant barriers for Europe to overcome in its quest for independence [31]

Core Insights - Energy Fuels Inc. and Cameco Corporation are positioned to benefit from the strengthening global nuclear energy supply chain, with uranium futures reaching $89 per pound, a 31.7% year-over-year increase, marking the highest level in nearly 20 months [2]. Group 1: Energy Fuels Inc. - Energy Fuels has been the leading U.S. producer of natural uranium concentrate, accounting for roughly two-thirds of domestic production since 2017, with its White Mesa Mill being the only fully licensed conventional uranium processing facility in the U.S. [4]. - In 2025, Energy Fuels' Pinyon Plain Mine and La Sal Complex produced over 1.6 million pounds of uranium, exceeding guidance by approximately 11%, with current operations running at an annualized rate of about 2 million pounds [5]. - The company has secured two uranium supply contracts with U.S. nuclear utilities for deliveries from 2027 through 2032, expecting to sell 780,000–880,000 pounds of uranium under long-term contracts in 2026 [6]. - Energy Fuels is diversifying into rare earth elements (REEs), expecting to commence commercial-scale production of heavy rare earths this year, and plans to expand REE processing capacity significantly [7][8]. - The feasibility study for the Vara Mada project in Madagascar confirms strong project economics and an initial mine life of 38 years, with a planned capital cost of $410 million [8]. Group 2: Cameco Corporation - Cameco accounts for around 16% of global uranium output and operates across the entire nuclear fuel cycle, holding significant stakes in major mines like McArthur River and Cigar Lake [9][10]. - Cameco revised its 2025 production outlook due to development delays, projecting a share of production from McArthur River at 9.8-10.5 million pounds [11]. - The company expects to offset production shortfalls with strong performance from Cigar Lake and is working to extend its mine life to 2036 [12]. - Cameco has entered a strategic partnership with the U.S. government to accelerate nuclear reactor technology deployment, backed by an investment of at least $80 billion [13]. Group 3: Financial Estimates and Performance - The Zacks Consensus Estimate for Energy Fuels indicates a revenue drop of 28.3% in 2026, with expected losses narrowing to 34 cents per share in 2025 [14]. - In contrast, Cameco's 2025 revenue is expected to grow by 4%, with earnings projected to surge by 100% to 98 cents per share [16]. - Year-to-date, Energy Fuels stock has appreciated 358.5%, outperforming Cameco's 159.2% gain, but Energy Fuels trades at a significantly higher forward price-to-sales multiple of 58.11X compared to Cameco's 21.95X [19][20]. Group 4: Conclusion - Both companies are well-positioned to benefit from favorable long-term trends in uranium demand, with Energy Fuels standing out for its strategic importance to U.S. uranium supply and diversification into REEs [21]. - However, Energy Fuels faces expected losses and a significantly expensive valuation, while Cameco offers stronger earnings visibility and a more reasonable valuation [24]. - Cameco appears better positioned for investors seeking exposure to uranium with a more balanced risk-reward profile, supported by its Zacks Rank 1 (Strong Buy) compared to Energy Fuels' Zacks Rank 3 (Hold) [25].

Group 1: Investment Overview - The Trump administration plans to invest $1.6 billion in USA Rare Earth, acquiring a 10% stake in the company as part of efforts to onshore rare earth element (REE) projects [1] - The investment includes $16.1 million in shares and warrants for an additional $17.6 million in shares, both priced at $17.17 million [1] Group 2: Financing and Development - USA Rare Earth will receive $1.3 billion in senior secured debt financing at market rates from the government, funded by a finance facility established under the CHIPS and Science Act [2] - The company is also expecting a private financial deal of $1 billion to support its operations [3] - A mine in Sierra Blanca, Texas, is being jointly developed with Texas Mineral Resources, set to produce 15 of the 17 REEs, along with lithium and other metals, scheduled to open in 2028 [3] Group 3: Strategic Context - The investment aligns with the administration's strategy to reduce reliance on imports of critical minerals from China, which currently supplies around 70% of the world's mined REEs and processes 90% of these materials [5] - The US imports 56% of the REEs it uses from China, highlighting the need for domestic production [5] Group 4: Previous Investments - Over the past year, the Trump administration has invested more than $1 billion in critical minerals companies, including a $400 million investment for a 15% stake in MP Materials and $670 million in magnet producer Vulcan Elements [6]

Core Insights - NioCorp Developments Ltd. is currently considered one of the best metal stocks to invest in, particularly following the approval of the Mine Portal Project, which is crucial for the Elk Creek Critical Minerals Project [1][2] Group 1: Project Developments - The board of NioCorp approved the Mine Portal Project, which will establish the main entrances to the Elk Creek underground mine, serving as access for personnel, equipment, and materials [1][2] - The capital cost for the Mine Portal Project is estimated to be approximately $44.6 million, with work expected to commence in the first quarter [2] Group 2: Strategic Acquisitions - NioCorp completed an $8.4 million acquisition of FEA Materials LLC, enhancing its capability to produce aluminum-scandium master alloy in the U.S. [3][4] - The acquisition positions NioCorp to establish the first fully integrated scandium supply chain in the U.S., covering mining, oxide production, and alloy manufacturing for both defense and commercial markets [4] Group 3: Market Position and Future Outlook - NioCorp is focused on the Elk Creek Project in Nebraska, which aims to mine essential materials such as Niobium, Scandium, and Titanium, along with potential Rare Earth Elements [5] - The CEO of NioCorp emphasized the importance of the Portal Project as a critical milestone and expressed gratitude for the support from local stakeholders [3]

Core Insights - Energy Fuels Inc. is positioned as a leading U.S. producer of rare earth elements (REEs) and is working to restore the U.S. rare earth supply chain with its planned Phase 2 circuit expansion at the White Mesa Mill in Utah [1][2] Financial Highlights - The estimated capital cost for the Phase 2 Circuit is $410 million, which is lower than previous estimates [2] - The project has an estimated net present value (NPV) of $1.9 billion, translating to $7.96 per share, and an internal rate of return (IRR) of 33% after tax [2] - When combined with the Vara Mada project, the NPV increases to $3.7 billion or $15.26 per share [2] - Average annual EBITDA from the Phase 2 Circuit is projected to be $311 million for the first 15 years, increasing to $765 million when combined with the Vara Mada project [2] Production Capacity - The Phase 2 Circuit is expected to increase production capability to over 6,000 tonnes per annum (tpa) of NdPr, along with approximately 66 tpa of terbium and 240 tpa of dysprosium [2] - Annual expected REE oxide production over the 40-year life of the project includes 5,513 tpa NdPr, 48 tpa Tb, 165 tpa Dy, and other concentrates [2][3] Market Position - Energy Fuels aims to supply 45% of total U.S. rare earth requirements in the near term, including 100% of heavy REEs like terbium and dysprosium by 2030 [5] - The company’s production costs are expected to rank among the lowest globally, including those of Chinese producers [5] Regulatory and Development Timeline - Regulatory approval for the Phase 2 Circuit is anticipated by mid-2027, with planned construction and commissioning by Q1 2029 [2][3]

Core Viewpoint - Metals Creek Resources Corp. has received promising assay results from its partner Lomiko Metals Inc. regarding Rare Earth Elements (REE) analysis from the Yellow Fox Antimony property, indicating significant potential for further exploration and development [1][3][9]. Group 1: REE Anomalies and Soil Sampling Results - A two-phase soil sampling program in 2025 identified several highly prospective critical metal soil anomalies, including REEs Lanthanum (La) and Cerium (Ce), with Ce values reaching up to 2,510 parts per million (ppm) and La values up to 414 ppm [3][5]. - The largest identified anomaly (Anomaly 1) measures approximately 500 meters in width and at least 1,300 meters in length, while a second anomaly (Anomaly 2) is about 175 meters wide and at least 1,000 meters long [3][5]. - Seven soil samples were selected for additional REE analysis, revealing highly anomalous assays for both light and heavy rare earth elements, with Total Rare Earth Element (TREE) values ranging from 1,683 ppm to 5,176 ppm [5][7][14]. Group 2: Future Exploration Plans - The next stages of exploration will include line cutting, ground geophysics, surface trenching, and geological mapping to better define the orientation and location of high-priority targets [12][20]. - Management is encouraged by the results and plans to conduct further sampling to determine the extent of REE mineralization across the Yellow Fox property [14][20]. Group 3: Geological Context and Historical Data - The Yellow Fox property exhibits geological traits similar to the Beaver Brook area, with structural zones showing intense carbonate alteration and the presence of stibnite and arsenopyrite [16][17]. - Historical work has returned samples with significant values in gold, antimony, lead, zinc, and silver, indicating a rich mineralization potential [17].