Energy Fuels Inc. Surpasses Uranium Production Estimates at Pinyon Plain Mine in Q2 2025
July 1st, 2025 1:35 PM
By: Newsworthy Staff
Energy Fuels Inc. reported exceeding uranium production expectations at its Pinyon Plain mine, highlighting significant contributions to the U.S. uranium supply and potential impacts on the nuclear energy sector.
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced its Pinyon Plain uranium mine in Arizona exceeded production expectations in the second quarter of 2025, mining 230,661 pounds of U₃O₈ in June alone and totaling 638,700 pounds for the quarter. The high-grade uranium deposit, with June grades averaging 3.51% U₃O₈, is poised to be one of the most significant in U.S. history, according to CEO Mark S. Chalmers. The company sold 50,000 pounds on the spot market at an average of $77 per pound, with plans to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts. Projections for 2026 sales range between 620,000 and 880,000 pounds, underscoring the mine's critical role in meeting domestic uranium demand.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
