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 highlights Energy Fuels' position as a key player in the U.S. critical minerals supply chain. The White Mesa Mill is the only fully licensed conventional uranium mill operating in the United States, giving the company a strategic advantage in processing not only uranium but also rare earth elements and evaluating medical isotope recovery. The mid-year production figure suggests strong operational performance and supports the company's full-year outlook.
The company's broader portfolio includes several uranium projects in the western United States, and it has been the top U.S. producer of natural uranium concentrate, supplying nuclear utilities. In addition to uranium, Energy Fuels is advancing rare earth element production through modifications at the White Mesa Mill and 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).
The update comes as global demand for nuclear energy and critical minerals continues to grow, driven by the push for clean energy and energy security. Energy Fuels' ability to produce uranium domestically reduces reliance on foreign suppliers, which is a key consideration for U.S. policy makers and utilities. The company's diversification into rare earths and medical isotopes also positions it to benefit from emerging technologies, including electric vehicles and cancer treatments.
For investors, the mid-year update provides reassurance that the company is on track to meet its production targets. The planned resumption of ore processing in Q4 2026 indicates a strategic approach to managing mill operations and capital allocation. The company's newsroom at http://ibn.fm/UUUU provides further updates on UUUU stock and company developments.
Energy Fuels, based in Lakewood, Colorado, trades on the NYSE American under the ticker UUUU and on the TSX under EFR. The full press release is available at https://ibn.fm/fUP6m.
