Financial Data and Key Metrics Changes - Energy Fuels reported a net loss of $86 million or $0.38 per share for fiscal year 2025, compared to a net loss of $47 million or $0.28 per share in fiscal 2024, reflecting higher ongoing costs due to global operations expansion and investments in core projects [35] - The company ended the year with $1.4 billion in total assets and $927 million in working capital, including $862 million in cash and marketable securities [34] - The average cost of goods sold decreased from $53 per pound to $43 per pound by the end of 2025, with expectations to further decrease as production ramps up [17][36] Business Line Data and Key Metrics Changes - Energy Fuels mined over 1.7 million pounds of uranium and processed over 1 million pounds of finished U308 in 2025, with plans to materially increase uranium mining production and sales in 2026 [4][14] - The company sold 650,000 pounds of uranium at an average price of $74.20 per pound in 2025, an increase of 200,000 pounds year-over-year [36][18] - The rare earth segment made significant progress, including pilot production of Dysprosium and plans for Terbium oxides, with a feasibility study indicating a combined net present value of $3.7 billion for key projects [5][24] Market Data and Key Metrics Changes - The average month-end uranium spot prices were approximately 13.8% lower in 2025 compared to 2024, impacting revenue per pound and gross margin percentage, which was 31% in 2025 [36] - The company anticipates stronger fundamentals for uranium prices and demand growth in the future, with expectations for gross margin to increase to 50% and above in 2026 [36][18] Company Strategy and Development Direction - Energy Fuels aims to solidify its position as the largest and lowest-cost U.S. uranium producer while emerging as a significant player in the rare earth and critical minerals market [6][3] - The company is focused on expanding its production capabilities through various projects, including the Donald Project and the Vara Mada project, which are expected to enhance its rare earth production capacity [30][32] - The proposed acquisition of Australian Strategic Materials (ASM) is expected to enhance margin capture and position the company to capitalize on the reshoring of U.S. manufacturing [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its aggressive plans, highlighting the strong financial, technical, and commercial capabilities [3] - The transition to a new CEO is expected to maintain the momentum of growth and execution, with a focus on expanding the team to support multiple construction projects [43][81] - Management remains optimistic about the future of uranium and rare earth markets, emphasizing the importance of their diversified asset base [60][72] Other Important Information - The company completed a $700 million convertible note offering, which was oversubscribed and provides substantial flexibility to fund ongoing operations and strategic projects [34][37] - The White Mesa Mill is highlighted as a unique asset capable of processing both uranium and rare earths, positioning the company as a critical mineral hub [19][20] Q&A Session Summary Question: Timeline for heavy mineral sands projects - Management confirmed that the Donald Project is shovel-ready, with a focus on making a final investment decision soon, while progress on the Vara Mada project is ongoing with government support [51][52] Question: Updates on government support and offtake - Management noted that the scale of their operations and asset acquisitions has garnered attention from government entities, indicating potential for future support [57][60] Question: Factors driving uranium production guidance - The production guidance is dependent on the runtime of the mill and mining rates, with flexibility to switch between uranium and rare earth production as needed [63][82] Question: Spot market sales strategy - Management indicated a cautious approach to spot sales, preferring to sell at higher prices while maintaining a balance between spot and term contracts [66][68]

Energy Fuels (NYSEAM:UUUU) Q4 2025 Earnings call February 27, 2026 11:00 AM ET Company ParticipantsCurtis Moore - SVP of Marketing and Corporate DevelopmentMark Chalmers - CEOMatthew Key - VP of Equity ResearchNathan Bennett - CFONoel Parks - Managing Director, CleanTech and E&PRoss Bhappu - PresidentConference Call ParticipantsAnthony Taglieri - Equity Research AnalystBrian Lee - Equity Research AnalystHeiko Ihle - Managing Director, Senior Metals and Mining AnalystJoseph Reagor - Managing Director, Senior ...

Financial Data and Key Metrics Changes - Energy Fuels reported a net loss of $86 million or $0.38 per share for fiscal year 2025, compared to a net loss of $47 million or $0.28 per share in fiscal 2024, reflecting higher ongoing costs due to global operations expansion [33] - The company ended the year with $1.4 billion in total assets and $927 million in working capital, including $862 million in cash and marketable securities [32] - The average month-end uranium spot prices were approximately 13.8% lower in 2025 compared to 2024, impacting revenue per pound and gross margin percentage, which was 31% in 2025 [34] Business Line Data and Key Metrics Changes - Energy Fuels mined over 1.7 million pounds of uranium and processed over 1 million pounds of finished U308 in 2025, with plans to materially increase uranium mining production and sales in 2026 [3][13] - The company sold 650,000 pounds of uranium at an average price of $74.20 per pound in 2025, an increase of 200,000 pounds year-over-year [34][16] - The White Mesa Mill produced about 1 million pounds of finished product, with production costs decreasing from $53 per pound to $43 per pound by the end of 2025 [15][34] Market Data and Key Metrics Changes - The company is positioned as the largest and lowest-cost U.S. uranium producer and is emerging as a large-scale, low-cost rare earth and critical mineral producer [5][2] - The rare earth segment made remarkable progress, with pilot production of Dysprosium and plans for Terbium oxides, and the NdPr and Dy products have been qualified for use by major automobile manufacturers [4][19] Company Strategy and Development Direction - Energy Fuels aims to build a globally significant critical materials company, leveraging its core uranium business to expand into rare earths and other critical minerals [6][2] - The company has plans for significant expansions, including the Donald joint venture project in Australia and the Vara Mada project in Madagascar, with combined net present values estimated at $3.7 billion [4][30] - The acquisition of Australian Strategic Materials (ASM) is expected to enhance margin capture and position the company to capitalize on the reshoring of U.S. manufacturing [25][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's financial, technical, and commercial capabilities to execute aggressive plans, highlighting a strong balance sheet and operational milestones achieved in 2025 [2][5] - The company anticipates a significant increase in uranium production and sales in 2026, with guidance for mined uranium increasing to between 2 million and 2.5 million pounds [37][38] - Management noted that the current market conditions for uranium are favorable, with expectations for stronger fundamentals and increased demand in the future [16][70] Other Important Information - The company completed a $700 million convertible note offering at a 7.75% coupon rate, providing substantial liquidity for ongoing operations and strategic projects [4][32] - The White Mesa Mill is the only operating conventional uranium mill in the U.S. and has been transformed into a critical mineral hub, capable of processing both uranium and rare earths [17][18] Q&A Session Summary Question: Timeline for heavy mineral sands projects - Management confirmed that the Donald Project is shovel-ready, with a focus on making a final investment decision soon, while progress on the Vara Mada project is ongoing with government support [49][50] Question: Government support and offtake discussions - Management indicated that the scale of the company's assets is gaining attention from government entities, and they are optimistic about future support [54][56] Question: Factors driving uranium production guidance - The production guidance is dependent on mill runtime and mining rates, with plans to build inventories of unprocessed uranium for flexibility [60][80] Question: Spot market sales strategy - The company aims to time spot sales strategically, focusing on higher prices while maintaining a balance between spot and term contracts [62][70]

Energy Fuels Inc (NYSE:UUUU) shares are trading lower on Friday after the uranium and rare earths producer posted fourth-quarter results that matched Wall Street profit forecasts while topping revenue expectations. Here’s what investors need to know.Energy Fuels stock is off session lows. Why is UUUU stock volatile?Quarterly Loss Narrows, Revenue Beats EstimatesThe company reported a fourth-quarter net loss of 9 cents per share, in line with analyst estimates and an improvement from a 19-cent loss a year ea ...

Energy Fuels (UUUU) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this uranium and vanadium miner and developer would post a loss of $0.08 per share when it actually produced a loss of $0.07, delivering a surprise of +12.5%.Over the last four q ...

Energy Fuels Announces 2025 Results and 2026 Guidance [Accessibility Statement] Skip NavigationIncreased uranium sales, over one million pounds of low-cost U.S. uranium production, successful ongoing heavy rare earth pilot production, and completion of upsized $700 million 0.75% convertible senior notes boosts working capital to near $1 billion.DENVER, Feb. 26, 2026 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare e ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission file number: 001-36204 ENERGY FUELS INC. (Exact Name of Registrant as Specified in Its Charter) Ontari ...

Key Takeaways UUUU has ramped up output, exceeded guidance and secured long-term uranium supply contracts through 2032.Energy Fuels is expanding rare earth capacity at White Mesa to become a low-cost global NdPr producer.UEC restarted Wyoming ISR production but faces higher costs and a projected fiscal 2026 revenue decline.Energy Fuels (UUUU) and Uranium Energy (UEC) are U.S.-based uranium companies positioned to benefit from rising uranium demand driven by the global shift toward nuclear energy as a clean ...

Key Takeaways UUUU is expected to report a Q4 loss, with revenues seen falling 32% year over year to $27 million.Lower uranium prices and higher exploration and SG&A costs likely pressured Energy Fuels' margins.UUUU shares have surged 361% in a year, but trade at a steep 45.35 forward sales multiple.Energy Fuels Inc. (UUUU) is anticipated to report a loss when it announces fourth-quarter 2025 results on Feb. 26, after market close.The Zacks Consensus Estimate for UUUU’s revenues for the quarter is $27 milli ...

周二，稀土概念走高，Critical Metals(CRML.US)、USA Rare Earth(USAR.US)涨超7%，MP Materials(MP.US)、Energy Fuels(UUUU.US)涨超3%。消息面上，据报道，特朗普政府计划利用美国防 部创建的人工智能项目，在努力构建一个全球金属贸易集团之际，协助设定关键矿产的参考价格。这些 矿产参考价格将由美国防部的"国家安全开放价格探索"(OPEN)人工智能金属项目设定。据消息人士 称，特朗普政府官员正初步将OPEN的定价模型聚焦于至少四种关键矿产，包括锗、镓、锑和钨，之后 再扩展到其他矿产。 ...