Energy Fuels Reports Strong Q1 Results with $956.6M Working Capital, Advances Uranium and Rare Earth Projects

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium, rare earth elements (REEs), and critical minerals producer, reported its first quarter 2026 financial results, revealing $956.6 million in working capital, $36 million in revenue, and a reduced net loss of $10.8 million. The company also generated $8.3 million in cash from operating activities, demonstrating improved operational efficiency and financial stability.

During the quarter, Energy Fuels produced 790,000 pounds of finished U3O8 (uranium concentrate) and advanced several key development initiatives across its portfolio. These include uranium, rare earth, and mineral sands projects, positioning the company as a major player in the critical minerals supply chain. The company's strong working capital position provides a solid foundation for continued investment in its diversified asset base.

Energy Fuels owns the only fully licensed conventional uranium mill in the United States, the White Mesa Mill in Utah, where it also produces REE products and evaluates medical isotope recovery for emerging cancer therapies. Additionally, the company is advancing three heavy mineral sands/rare earths projects: the Vara Mada Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, which is held through a joint venture with Astron Limited.

The company's focus on critical minerals aligns with growing global demand for materials essential to clean energy and advanced technologies. Energy Fuels has been the top U.S. producer of natural uranium concentrate, supplying nuclear utilities, and is expanding its rare earth production capabilities to support the transition to a low-carbon economy.

For more details, the full press release is available at https://ibn.fm/r07Hd. Additional updates on the company can be found in its newsroom at http://ibn.fm/UUUU.