Energy Fuels Shares Surge on Robust Quarterly Performance and Strategic Contracts

Energy Fuels Inc. opened the first trading week of 2026 with a powerful rally, its stock price climbing nearly 15 percent to $16.68. The uranium producer’s strong start to the year is underpinned by better-than-expected operational results and the securing of new long-term supply agreements, fueling significant investor interest.

The company’s recently released operational figures for 2025 revealed production exceeding its own forecasts. Energy Fuels mined over 1.6 million pounds of uranium from its Pinyon Plain, La Sal, and Pandora operations. This output surpasses the high end of its previous guidance of 1.435 million pounds by approximately 11 percent.

This operational momentum was particularly evident at year-end. The White Mesa Mill in Utah processed more than 1 million pounds of finished uranium concentrate, with over 350,000 pounds packaged in December alone.

Financially, this translated into a 50 percent year-over-year increase in uranium sales for the fourth quarter of 2025, totaling roughly 360,000 pounds. Gross revenue from these sales reached about $27 million, achieved at an average sales price of $74.93 per pound.

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Long-Term Contracts and Rare Earths Progress

Adding to the positive momentum, Energy Fuels finalized two new long-term supply contracts with U.S. nuclear utilities, extending deliveries through 2032. These agreements utilize hybrid pricing models featuring both floor and ceiling prices, a structure designed to provide revenue stability while allowing participation in potential market upside.

Beyond its core uranium business, the company is making strides in the rare earth elements sector. High-purity dysprosium oxide produced at the White Mesa Mill has successfully passed initial qualification tests conducted by a major South Korean automotive manufacturer. This material is critical for permanent magnets used in electric vehicles, positioning Energy Fuels to access a significant growth market outside the nuclear industry.

A Volatile Week Culminates in Strong Gains

The Friday surge followed a week of notable volatility. After an initial announcement on Monday, the equity gave back nearly 6 percent on Tuesday before staging its substantial recovery. This latest advance builds upon an already impressive track record; throughout the full 2025 calendar year, Energy Fuels stock appreciated by approximately 177 percent.

Outlook for 2026 and Beyond

Looking ahead, Energy Fuels is targeting a sustained production rate of around 2 million pounds of uranium annually starting in 2026. The company anticipates a reduction in production costs during the first quarter as lower-cost uranium from the Pinyon Plain Mine enters its sales inventory. Furthermore, planned exploration drilling in the Juniper Zone holds the potential to expand the company’s resource base for future operations.