Energy Fuels Inc. Achieves Record Uranium Production, Strengthening U.S. Nuclear Energy Sector

Energy Fuels Inc., a leading U.S. producer of uranium and rare earth elements, has announced a record production of 258,745 pounds of U₃O₈ from its Pinyon Plain mine in Arizona, representing a 71% increase from the previous month. This milestone not only showcases the company's enhanced production capabilities but also its critical contribution to the carbon-free nuclear energy sector.

In a significant development for the uranium industry, Energy Fuels has updated the Technical Report for its Bullfrog Project in Utah, revealing a 15% increase in Indicated uranium resources and a 70% rise in Inferred resources. The report introduces the project's first-time economics, with an estimated mine life of 15 years, signaling a robust future for the company and the domestic uranium market.

Further emphasizing its commitment to the U.S. nuclear fuel supply chain, Energy Fuels is expediting the permitting process for its Roca Honda project in New Mexico, now listed on the federal FAST-41 dashboard. The resumption of operations at its EZ Complex in Arizona aligns with recent Executive Orders aimed at bolstering the nation's energy independence and environmental sustainability.

These strategic advancements by Energy Fuels come at a time when the global demand for clean and reliable energy sources is surging. With its White Mesa Mill in Utah standing as the sole fully licensed and operational conventional uranium processing facility in the U.S., the company is uniquely equipped to support the nuclear energy sector's growth. Energy Fuels' achievements not only reinforce its leadership in the uranium market but also play a vital role in achieving the country's energy and environmental objectives.