Energy Fuels Reports Strong Q3 2025 Results with $1 Billion Working Capital and Rare Earth Progress

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) reported strong financial results for the quarter ended September 30, 2025, highlighting increased uranium sales, progress in rare earth element development, and substantial working capital growth. CEO Mark Chalmers stated the company achieved higher sales and revenues while maintaining low-cost uranium production, positioning the company for improved gross margins in 2026. The company's performance reflects growing demand for critical minerals essential for clean energy and advanced technologies.

The company's uranium operations continued to demonstrate strength as a leading U.S. producer of natural uranium concentrate sold to nuclear utilities for carbon-free energy production. Energy Fuels owns and operates several conventional and in-situ recovery uranium projects in the western United States, maintaining its position as the primary domestic supplier to the nuclear energy sector. The White Mesa Mill in Utah, the only fully licensed and operating conventional uranium processing facility in the United States, serves as the cornerstone of these operations.

Significant progress was reported in the rare earth elements segment, with the company advancing heavy rare earth element pilot production at the White Mesa Mill. The company achieved neodymium-praseodymium (NdPr) qualification for major automakers, a critical development for electric vehicle manufacturing where these elements are essential for high-strength permanent magnets. Additionally, Energy Fuels received government approvals for the Donald Project joint venture in Australia, where the company has the right to earn up to a 49% interest in partnership with Astron Corporation Limited.

Financial strength was a key highlight of the quarter, with Energy Fuels ending the period with nearly $1 billion in working capital following a successful $700 million upsized convertible note offering. This substantial capital position provides the company with significant flexibility to advance its diversified critical minerals portfolio, which includes uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company is also evaluating potential recovery of medical isotopes from existing uranium process streams for emerging Targeted Alpha Therapy cancer treatments.

Beyond the Donald Project, Energy Fuels is developing additional heavy mineral sands projects including the Toliara Project in Madagascar and the Bahia Project in Brazil. The company's diversified approach to critical minerals production addresses growing global demand for materials essential to clean energy, advanced manufacturing, and medical technologies. Investors can access additional company information and updates through the company's newsroom at https://ibn.fm/UUUU. The latest financial results and corporate developments demonstrate Energy Fuels' position as a leading U.S. producer in the critical minerals sector with multiple growth drivers across its uranium and rare earth elements businesses.