Energy Fuels Exceeds Uranium Production and Sales Guidance for Fiscal Year 2025

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced it exceeded previously disclosed guidance for finished uranium production, mined uranium ore production, and uranium concentrate sales for fiscal year 2025. This performance reflects a successful ramp-up at its U.S. uranium mines and production facilities, strengthening the company's position as the largest U.S. uranium producer. The company's Pinyon Plain Mine in Arizona and La Sal Complex in Utah mined more than 1.6 million pounds of uranium during the year, while its White Mesa Mill in Utah produced over one million pounds of finished U3O8, surpassing the high end of prior guidance.

The significance of this announcement extends beyond meeting production targets, as it demonstrates Energy Fuels' operational capabilities during a period of increasing focus on domestic energy security and nuclear power's role in carbon-free energy generation. The company's success in exceeding guidance comes as it continues to advance its rare earth element and critical materials initiatives, positioning itself as a multifaceted critical minerals company. Energy Fuels' production achievements are particularly noteworthy given the strategic importance of uranium for nuclear utilities that process it further for the production of carbon-free nuclear energy.

Energy Fuels' operational success has broader implications for the U.S. critical minerals sector and energy independence. As the owner and operator of several conventional and in-situ recovery uranium projects in the western United States, the company has been the leading U.S. producer of natural uranium concentrate for the past several years. The White Mesa Mill in Utah represents a strategic asset as the only fully licensed and operating conventional uranium processing facility in the United States. At this facility, Energy Fuels also produces advanced rare earth element products and vanadium oxide when market conditions warrant, while evaluating the potential recovery of certain medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy cancer treatments.

The company's development of additional heavy mineral sands projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, further demonstrates its strategic expansion beyond uranium production. Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited for the Donald Project. The latest news and updates relating to UUUU are available in the company's newsroom at http://ibn.fm/UUUU. This production milestone occurs as Energy Fuels continues to strengthen its position in the critical minerals sector while contributing to domestic uranium supply chains essential for nuclear energy generation.