Energy Fuels Reports Mid-Year Uranium Output of 1.6 Million Pounds, Plans Mill Modifications
Energy Fuels Inc. announces its White Mesa Mill is on track to produce 1.6 million pounds of uranium by June 30, within guidance, as it advances rare earth circuit upgrades and low-cost uranium production.
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements and other critical materials, provided a mid-year update on its U.S. uranium segment, reporting that finished uranium production at its White Mesa Mill in Utah is expected to reach about 1.6 million pounds by June 30, within its full-year guidance range in just six months.
The company said it expects to complete its current uranium ore processing campaign by the end of June before resuming ore processing in Q4 2026, while advancing planned rare earth element circuit modifications, conventional mine development and low-cost uranium production across its U.S. assets.
This update underscores Energy Fuels' position as the top U.S. producer of natural uranium concentrate, supplying nuclear utilities. The company owns the only fully licensed conventional uranium mill operating in the U.S. – the White Mesa Mill in Utah – where it also produces REE products and evaluates medical isotope recovery for emerging cancer therapies.
Additionally, Energy Fuels is developing three heavy mineral sands/rare earths projects: the Vara Mada Project in Madagascar, Bahia Project in Brazil, and Donald Project in Australia (through a joint venture with Astron Limited). Based in Lakewood, Colorado, its shares trade on the NYSE American (“UUUU”) and TSX (“EFR”).
The news is significant as it highlights the company's ability to meet production targets amid growing demand for domestic uranium and critical minerals. The planned modifications at White Mesa Mill for rare earth element circuits signal Energy Fuels' strategic pivot to become a diversified critical materials supplier, which could reduce U.S. dependence on foreign sources for these essential elements.
For more details, the full press release is available at https://ibn.fm/fUP6m. Investors can find the latest news and updates relating to UUUU in the company’s newsroom at http://ibn.fm/UUUU.