Energy Fuels Crosses Annual Uranium Goal in Six Months as Rare Earth Retooling Accelerates
11.06.2026 - 23:33:31 | boerse-global.de
Energy Fuels has cleared its full-year uranium production target in half the allotted time, a milestone that both bolsters the company’s operational credibility and clears the way for its long-awaited shift into rare earth processing. The US-based miner expects to have roughly 1.6 million pounds of finished uranium (U?O?) ready by the end of June, placing it within the 1.5?million?to?2.5?million?pound guidance issued in February. The achievement was driven by steady monthly output of more than 265,000 pounds from the Pinyon Plain mine in Arizona and the La Sal Complex in Utah, with processing costs at the company’s White Mesa Mill holding at a historically low $9–$12 per pound.
The production run is scheduled to wind down later this month as the mill pauses to rebuild ore stocks, with processing expected to resume in the fourth quarter of 2026. In the interim, Energy Fuels will turn its focus to the radical reconfiguration of that same facility. Starting in July, crews will begin modifying the existing Phase?1 circuits at White Mesa to enable commercial?scale production of heavy rare earths — specifically samarium, terbium, and dysprosium — along with a new processing step for uraniferous mixed rare earth carbonate. The company aims to have heavy rare earth output underway by early 2028, a timeline that CEO Ross Bhappu has positioned as a key part of his plan to build a Western alternative to China’s dominance in critical minerals.
Beyond the Phase?1 overhaul, Energy Fuels is pursuing a much larger Phase?2 expansion that would add capacity for 6,300 tonnes of neodymium?praseodymium annually, alongside significant volumes of other critical minerals. That project remains in the permitting stage, and its success will largely determine whether the company can fully transform into a dual?stream producer of uranium and separated rare earths.
Should investors sell immediately? Or is it worth buying Energy Fuels?
Investors reacted to the production news with a mixed session on Thursday. One report showed the stock climbing 8.91% to €12.96, while another source recorded a gain of 3.78% to €12.35, reflecting intraday fluctuations and differing data feeds. Despite the bounce, the equity remains deeply off its best levels: it has lost roughly 30.9% over the past 30 days and sits between 44% and 47% below the January high of €23.24. The relative strength index of 35.4 suggests the shares had been hovering near oversold territory before the latest uptick, potentially setting the stage for a technical recovery.
Meanwhile, the company continues to develop future supply sources. At the Nichols?Ranch project, drilling has been completed across 214 holes totalling 136,000 feet. Dewatering has resumed at the Whirlwind mine in preparation for a production restart in 2027. These exploration efforts, combined with the imminent retooling at White Mesa and the early uranium win, give Energy Fuels a dense calendar of catalysts — though the heavy capital required for Phase 2 remains a key factor in how the market values the stock going forward.
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Energy Fuels Stock: New Analysis - 11 June
Fresh Energy Fuels information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
