Energy Fuels Inc. Surpasses Uranium Production Estimates at Pinyon Plain Mine in Q2 2025

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has announced a remarkable achievement in its uranium production at the Pinyon Plain Mine in Arizona during the second quarter of 2025. The company mined an impressive 230,661 pounds of U₃O₈ in June alone, contributing to a quarterly total of 638,700 pounds, significantly exceeding initial production estimates. The average grade for June stood at 3.51% U₃O₈, with the quarter averaging 2.23%, underscoring the high quality of the uranium extracted.

Mark S. Chalmers, CEO of Energy Fuels, highlighted the significance of these results, stating that the Pinyon Plain Mine is likely to be one of the highest-grade uranium deposits mined in U.S. history. This achievement not only demonstrates the mine's operational efficiency but also its critical role in supplying uranium for carbon-free nuclear energy production.

In terms of sales, Energy Fuels sold 50,000 pounds of uranium on the spot market at an average price of $77 per pound in Q2. The company has outlined plans to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts, with projections for 2026 sales ranging between 620,000 and 880,000 pounds. These figures reflect the growing demand for uranium in the global energy market and Energy Fuels' capacity to meet this demand.

The implications of this production milestone are significant for the nuclear energy sector and the broader push towards sustainable energy sources. Uranium is a key component in nuclear power generation, which plays a vital role in reducing carbon emissions. Energy Fuels' ability to exceed production estimates at the Pinyon Plain Mine not only strengthens the U.S. position in the global uranium market but also supports the transition to cleaner energy solutions.

For more detailed information on Energy Fuels' Q2 2025 production results, visit https://ibn.fm/lkpYR.