Energy Fuels Q3 revenue rises but posts net loss
UUUU•Energy Fuels reported Q3 revenue of $29.18 million and a net loss of $52.4 million, mainly due to non-cash mark-to-market losses. It completed its ASM acquisition and expects to close its VAC acquisition in early 2027, pending regulatory approvals.
1. Quarterly results
Energy Fuels reported Q3 revenue of $29.18 million and operating income of negative $25.31 million. The company posted a net loss of $52.4 million, mainly due to non-cash mark-to-market losses. It said higher realized uranium prices supported improved margins, and uranium grades at its Pinyon Plain mine improved during the quarter.
2. Acquisitions and outlook
The company completed its ASM acquisition, adding rare earth metals and alloys production capabilities at the Korean Metals Plant. It expects to close its VAC acquisition in early 2027, pending regulatory approvals, and expects its White Mesa Mill heavy rare earth element expansion to be completed in early 2028.
