Energy Fuels Reports 2025 Results, Highlights Uranium and Rare Earth Growth Milestones

Energy Fuels Inc. reported its financial and operational results for the year ended Dec. 31, 2025, describing 2025 as a breakout year marked by exceeding uranium production, mining and sales guidance while lowering unit costs and advancing rare earth processing and vertical integration initiatives. The company ended the year with $927.4 million in working capital, including $797.1 million in marketable securities, and completed a $700 million convertible senior notes offering in October 2025. Energy Fuels reported a net loss of $86.1 million, or $0.38 per share, compared with a net loss of $47.8 million, or $0.28 per share, in 2024, reflecting higher operating, exploration and development costs and lower average uranium spot prices.

The company also announced that President Ross Bhappu is expected to succeed Mark Chalmers as president and CEO on April 15, 2026, with Chalmers retiring and continuing as a consultant for two years. Energy Fuels is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy.

Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, Energy Fuels also produces advanced rare earth element products, vanadium oxide, and is evaluating the potential recovery of certain medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy cancer treatments. Energy Fuels is also developing three additional heavy mineral sands projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited.

For more information on all Energy Fuels does, please visit http://www.energyfuels.com. The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and its common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels is based in Lakewood, Colorado, near Denver.