NEW YORK, December 30, 2025, 01:48 ET — Market closed.
- Energy Fuels shares rose in the latest session after the company reported 2025 uranium production and sales above guidance.
- The company said it produced more than 1 million pounds of U3O8 at its White Mesa Mill in 2025.
- Energy Fuels said two new long-term uranium sales contracts expand deliveries into 2027–2032.
Energy Fuels Inc shares rose nearly 3% in Monday trading after the U.S.-listed uranium and rare earths producer said it exceeded 2025 uranium production and sales guidance and added new long-term supply contracts.
The update matters because investors have been treating domestic uranium and “critical minerals” as strategic supply-chain assets, a theme that has pulled small- and mid-cap miners into the spotlight late in the year.
A Reuters metals column on Monday noted the U.S. Geological Survey’s updated critical-minerals list now encompasses 60 materials, highlighting how broadly policymakers are defining supply-chain risk. 1
Energy Fuels said its Pinyon Plain Mine in Arizona and La Sal Complex in Utah mined more than 1.6 million pounds of uranium in 2025, about 11% above the top end of its previously reported guidance. The company said its White Mesa Mill in Utah produced more than 1 million pounds of U3O8 — uranium oxide concentrate often called “yellowcake” — including more than 350,000 pounds in December, and expects to keep milling about 250,000 pounds a month through the first half of 2026. 2
In a sales update, the company forecast fourth-quarter 2025 sales of about 360,000 pounds of U3O8 for roughly $27 million in gross uranium revenue, at a weighted average price of about $74.93 per pound. It said it signed two long-term uranium sales contracts with U.S. nuclear power generating companies for deliveries in 2027–2032 using “hybrid pricing” — a mix of a base price and a spot-linked component, with floors and ceilings that limit extreme swings — and expects its cost of goods sold, or direct production costs, to start falling in the first quarter of 2026. “Strong uranium production is critical to America’s economic and national security,” CEO Mark S. Chalmers said. 3
For equity investors, the contract additions offer more visibility on future deliveries while keeping some exposure to the spot uranium market — the price for near-term delivery — that traders watch as a sentiment gauge for the sector.
The company’s plan to shift part of its 2026 output focus toward heavy rare earths such as dysprosium and terbium also gives the story a second leg beyond uranium. Those elements are used in high-performance magnets, and the company has framed the shift as a way to diversify revenue streams.
Other uranium names were mixed in late Monday trade, with Cameco essentially flat and Uranium Energy and Denison Mines up modestly.
The broader market was softer, with the three major U.S. stock indexes ending Monday in negative territory, a backdrop that can amplify stock-specific moves in smaller names. 4
Before the next session, traders will watch for any follow-through buying in premarket and whether Energy Fuels provides more detail on contracting cadence for 2026 and beyond. Investors are also likely to focus on execution risk around milling plans, potential rare-earth production timing, and how quickly the company can translate higher sales volumes into improved margins.
Energy Fuels last closed Monday up 2.94% at $15.07 and was little changed in after-hours dealings. The shares traded between $14.65 and $16.00 during the session on about 11.61 million shares, and Investing.com lists the next earnings date as March 23, 2026 — a key milestone for updated guidance and contract disclosures. 5
