Energy Fuels Inc., headquartered in Lakewood, has reported that its uranium production and sales for fiscal year 2025 have surpassed initial guidance. The company produced over one million pounds of finished uranium, boosted mine production, and secured new long-term sales contracts.
The Greener Colorado-based company stated that its Pinyon Plain Mine in Arizona and La Sal Complex in Utah have mined more than 1.6 million pounds of uranium this year, exceeding its previous estimates. Energy Fuels is now extracting uranium at a rate of approximately two million pounds per year and plans to continue at this rate at least through 2026.
In terms of sales, Energy Fuels anticipates selling around 360,000 pounds of uranium in the fourth quarter of 2025, a notable increase of 50% from the previous quarter. The company expects total uranium sales revenue for Q4 to be about $27 million.
Energy Fuels also announced the completion of two new long-term uranium sales contracts with U.S. nuclear power companies, which will enhance its contract delivery from 2027 to 2032.
This announcement highlights Energy Fuels’ ongoing efforts and success in the uranium market, which is pivotal to the nation’s energy supply and security.
The primary source was PR Newswire.
