Energy Fuels Jumps After Exceeding 2025 Production Guidance
The leading U.S. uranium miner also reported strong fourth-quarter sales and secured new long-term contracts, signaling robust domestic demand.
Energy Fuels Inc. (NYSE: UUUU) announced Monday that it has significantly surpassed its 2025 production guidance, reinforcing its status as the largest uranium producer in the United States and signaling a robust outlook amid tightening global supply.
The Colorado-based company mined over 1.6 million pounds of uranium from its properties in Arizona and Utah during 2025, beating the top end of its guidance by approximately 11%. The operational milestone comes as utilities accelerate efforts to secure domestic nuclear fuel sources.
In a statement released Monday, Energy Fuels detailed strong sales figures for the fourth quarter, projecting the sale of 360,000 pounds of uranium for approximately $27 million in revenue. This represents a 50% increase in pounds sold compared to the third quarter, achieved at a weighted average price of nearly $75 per pound.
"These 2025 uranium metrics reinforce our reputation as, not only the country's lowest-cost and largest uranium producer, but as a company that delivers on its promises," said Mark S. Chalmers, CEO of Energy Fuels. "Strong uranium production is critical to America's economic and national security, and Energy Fuels is proud to lead the comeback of this critical domestic industry."
The announcement arrives at a critical time for the nuclear energy sector. A structural supply deficit continues to define the uranium market, with global reactor demand significantly outpacing primary mine production. This imbalance, coupled with geopolitical tensions that have cast doubt on supply from Russia and Kazakhstan, has bolstered long-term contract prices and sharpened the focus on reliable, domestic producers like Energy Fuels.
Underscoring this trend, the company announced it has secured two new long-term sales contracts with U.S. nuclear power companies for deliveries scheduled between 2027 and 2032. These agreements bring the company's total to six long-term contracts, providing significant future revenue visibility.
Energy Fuels, which carries a market capitalization of approximately $3.47 billion, is positioning itself as a cornerstone of the American nuclear fuel cycle. The company's White Mesa Mill in Utah is the only conventional uranium mill operating in the U.S. and is central to its production capabilities. The firm noted it expects to continue mining at a rate of roughly 2.0 million pounds per year through 2026.
The positive production report aligns with a bullish sentiment for the uranium sector, which is benefiting from a renewed global focus on nuclear power as a clean, reliable energy source. Furthermore, the surging electricity demands of the artificial intelligence and data center industries are creating new catalysts for nuclear power growth, according to market analysts.
Looking ahead, Energy Fuels anticipates selling between 780,000 and 880,000 pounds of uranium under its long-term contracts in 2026, with the potential for additional sales on the spot market. The company also noted that its cost of goods sold is expected to decline in early 2026 as newly mined, lower-cost ore is processed and sold, potentially boosting future margins.