Energy Fuels to Exceed 2026 Uranium Output by June with Sub-$12/Lb Costs
UUUU•Energy Fuels forecasts production of 1.6 million pounds of uranium by June 2026, equating to over 265,000 pounds monthly at its 100%-owned White Mesa Mill. The company reports historic low processing costs of $9 to $12 per pound and mining costs of $23 to $30 per pound, boosting margins.
1. Early Production Guidance Hit
Energy Fuels now expects to produce 1.6 million pounds of finished uranium from January through June 2026 at its 100%-owned White Mesa Mill, meeting its full-year target in six months and averaging over 265,000 pounds per month.
2. Historic Low Processing and Mining Costs
The company reports processing costs at White Mesa Mill between $9 and $12 per pound and mining, processing, and transport costs at the Pinyon Plain mine of $23 to $30 per pound, positioning Energy Fuels for improved margins.
3. Rare Earth Initiatives and Acquisition
Energy Fuels continues to advance rare earth permitting and construction at White Mesa Mill, develop the Donald, Vara Mada, and Bahia projects, and pursue the acquisition of Australian Strategic Materials to expand its ex-China rare earth supply.
4. First-Quarter Financial Results
In Q1, revenue rose to $35.84 million, surpassing estimates, while the operating loss narrowed to $16.93 million from $26.19 million a year earlier, reflecting operational efficiencies and cost control.
