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 milestone underscores Energy Fuels' position as a key player in the U.S. nuclear fuel supply chain, particularly as global demand for clean energy and domestic uranium production grows. The White Mesa Mill is the only fully licensed conventional uranium mill operating in the United States, giving Energy Fuels a strategic advantage. The company's ability to achieve half of its annual production target in just six months highlights operational efficiency and the potential for increased output.
In addition to uranium, Energy Fuels is expanding its focus on rare earth elements (REEs), which are critical for electric vehicles, wind turbines, and defense technologies. The company is modifying its rare earth element circuit at the White Mesa Mill to produce separated REE oxides, and it is advancing 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). These projects position Energy Fuels to become a significant non-Chinese supplier of REEs.
The mid-year update also mentions progress on conventional mine development and low-cost uranium production, which could further strengthen the company's financial performance. Energy Fuels has been the top U.S. producer of natural uranium concentrate, supplying nuclear utilities, and its shares trade on the NYSE American under the symbol UUUU and on the TSX under EFR.
For more details, the full press release is available at https://ibn.fm/fUP6m. The latest news and updates relating to UUUU are available in the company's newsroom at http://ibn.fm/UUUU.
