Energy Fuels Inc. produces critical materials, including uranium, rare earth elements, heavy mineral sands and vanadium, and is developing medical isotope recovery. Company news centers on uranium production, rare earth and mineral sands project development, White Mesa Mill operations in Utah, and technical reports for assets such as Pinyon Plain, Vara Mada, Donald and Bahia.
Recurring updates also cover financial results, capital actions, governance changes, toll-milling relationships and participation in North American critical-minerals supply chains. News involving UUUU often connects the company's uranium, REE and heavy mineral sands activities with nuclear energy, domestic processing capacity and strategic-materials policy.
Energy Fuels (UUUU) will hold its Q3-2026 earnings conference call on November 5, 2026, at 9:00 AM Mountain Time.
Financial results and other highlights will be released before the call. Management will host the call, followed by a question-and-answer session, with a webcast also available.
Energy Fuels (UUUU) announced conditional Australian government credit approvals of up to A$180 million for Phase 1 of its Donald project. Export Finance Australia and National Reconstruction Fund Corporation would provide funding within a proposed A$200 million senior debt facility, with A$20 million sought from commercial lenders. Completion requires definitive documentation, satisfactory due diligence, remaining debt funding and final approvals.
The company targets a final investment decision by year-end 2026. The fully permitted Australian project, developed with Astron, has an expected 40-year mine life. Phase 1 is expected to average approximately 9,000 tonnes of rare earth concentrate and 225,000 tonnes of heavy mineral concentrate annually. Energy Fuels expects to purchase all rare earth concentrate for its processing and downstream manufacturing chain; Astron expects to purchase all heavy mineral concentrate.
REEMAG has appointed Sam Trinch as chief executive officer to lead its magnet-recycling platform toward commercial deployment. His remit includes scale-up validation and customer qualification. The Cove Capital portfolio company is developing a process to convert used rare-earth magnets into alloy powder for magnet production.
Trinch brings more than three decades of experience across advanced materials, automotive technologies, battery materials and rare-earth magnet manufacturing. Most recently, he was president of North America at eVAC Magnetics during Energy Fuels (NYSE: UUUU)'s acquisition of its parent, Vacuumschmelze. Previously, as president of 6K Energy, he established its Battery Center of Excellence in Massachusetts and led the award of a $50M DOE grant for its PlusCAM cathode-materials facility in Tennessee.
Energy Fuels (NYSE American: UUUU) has completed its acquisition of Australian Strategic Materials (ASM), a producer of rare earth metals and alloys, as part of its strategy to build an integrated Western mine-to-magnet rare earth supply chain. The deal adds ASM’s operating Korean Metals Plant in Ochang, South Korea, providing 1,300 tonnes per year of existing neodymium-iron-boron (NdFeB) alloy capacity and commercial metallization for NdPr, with developing capabilities for Dy and Tb.
The Korean Metals Plant is being expanded toward 3,600 tonnes per year of NdFeB alloy capacity, targeted for commissioning as early as the end of 2026, potentially enough for more than 1 million EVs per year. Energy Fuels also gains ASM’s long-life Dubbo rare earth and critical minerals project in Australia and strengthens integration with its own NdPr, Dy and Tb oxide production at the White Mesa Mill in Utah. Together with Energy Fuels’ heavy mineral sands projects in Brazil, Australia and Madagascar, the acquisition extends the company’s presence across mining, processing, oxides, metals and alloys, ahead of a planned acquisition of magnet maker Vacuumschmelze. ASM’s shares have been delisted from the ASX following the closing.
Energy Fuels (NYSE American: UUUU) announced that terbium (Tb) oxide produced at its White Mesa Mill in Utah has passed all qualifications for use by one of the world’s largest Japan-based rare earth permanent magnet manufacturers, enabling commercial REPM production without further validation.
The company previously qualified its neodymium-praseodymium (NdPr) and dysprosium (Dy) oxides for magnet manufacture. Energy Fuels highlighted terbium’s high strategic value, citing a benchmark price of about $5.5 million per tonne, and stated that, upon closing pending ASM and Vacuumschmelze acquisitions, it expects to become a leading vertically integrated mine-to-magnet producer in the U.S. and Europe.
Energy Fuels (NYSE American: UUUU) reported that Australian Strategic Materials (ASX: ASM) securityholders overwhelmingly approved schemes of arrangement for Energy Fuels to acquire 100% of ASM via subsidiary EFR Critical Materials Pty Ltd. ASM shareholders will receive 0.053 new Energy Fuels CHESS Depositary Interests plus A$0.13 cash per ASM share, while option holders will receive A$0.50 per option.
According to Energy Fuels, 98.23% of votes cast supported the Share Scheme and 99.97% supported the Option Scheme, exceeding required thresholds. Court approval is scheduled for August 18, 2026, with effectiveness expected August 19 and implementation, including consideration delivery, targeted for August 28, 2026.
The deal is intended to add ASM’s Korean metals plant, a planned American metals plant, and the Dubbo Project to Energy Fuels’ existing White Mesa Mill and Donald Project joint venture, advancing a Western integrated mine-to-magnet rare earth supply chain. A separate, conditional acquisition of magnet maker Vacuumschmelze is expected, subject to approvals, in early 2027 and is not a condition to the ASM schemes.
Energy Fuels (NYSE American: UUUU) reported Q2 2026 revenue of $25.1 million, up from $4.2 million in Q2 2025, driven by sales of 310,000 lbs U3O8 at an average realized price of $80.48/lb. The company recorded a net loss of $33.4 million, or $0.13 per share, mainly due to transaction costs from planned acquisitions and higher operating expenses.
Energy Fuels advanced its rare earth strategy with a definitive agreement to acquire VAC for about $1.9 billion, continued progress on acquiring ASM, and began constructing a commercial-scale heavy rare earth plant at the White Mesa Mill. Uranium production reached 865,000 lbs in Q2 and 1.7 million lbs in H1 2026, meeting full-year production guidance. The company reported 2.27 million lbs of finished and contained U3O8 inventory and maintained $996.0 million in working capital, including $58.4 million in cash and $878.3 million in marketable securities.
Energy Fuels (NYSE American: UUUU) has begun construction on a major expansion of its White Mesa Mill in Utah to add commercial-scale heavy rare earth oxide production, including terbium (Tb) and dysprosium (Dy), alongside its existing capacity of up to 1,000 tpa separated NdPr oxide.
The first phase is designed for up to 20 tpa Tb, 120 tpa Dy, 140 tpa Sm, 20 tpa Eu and 140 tpa Gd oxides, with Tb/Dy circuits targeted by end-2027 and Sm/Eu/Gd circuits by end-2028. The project’s estimated capital cost is about $104 million, expected to be largely funded by government grants and loans plus Energy Fuels’ $0.96 billion working capital as of March 31, 2026. A further 2029 expansion is planned to raise capacity to 6,294 tpa NdPr, 80 tpa Tb and 288 tpa Dy oxides.
Energy Fuels (NYSE American: UUUU) will host a conference call and webcast on Thursday, August 6, 2026 at 9:00 AM Mountain Time to discuss its Q2-2026 financial results, which will be released in a prior press announcement.
Management will lead the call followed by a Q&A session. Investors can join via Rapid Connect registration link or by dialing the North American toll-free number 1-800-715-9871. An online webcast will be available, and a replay can be accessed by phone using entry code 6699323# until August 13, 2026.
Energy Fuels (NYSE American: UUUU) reported the results of its June 24, 2026 virtual annual meeting, where shareholders elected all seven management-nominated directors. Support ranged from about 88.6% to 99.6% of votes cast for each nominee.
Energy Fuels focuses on uranium, rare earth elements, heavy mineral sands, vanadium and medical isotopes, and owns the White Mesa Mill, the only operating conventional uranium processing facility in the U.S.