Curated News
By: NewsRamp Editorial Staff
November 05, 2026
Energy Fuels Q3 2026: Uranium Sales Drive Revenue, Rare Earth Expansion Advances
TLDR
- Energy Fuels posted $29.2 million Q3 revenue with a third straight profitable uranium quarter and $932.3 million working capital.
- Energy Fuels earned $28.4 million selling 320,000 pounds of uranium at $88.90 per pound while advancing rare earth processing.
- Energy Fuels advances U.S. critical materials for nuclear energy and rare earths, supporting cleaner power and domestic supply chains.
- Energy Fuels mined 385,000 pounds of uranium in Q3 and approved heavy rare earth circuits at Utah's White Mesa Mill for 2028.
Impact - Why it Matters
Energy Fuels’ third-quarter results underscore the strategic value of its diversified critical materials portfolio. The sustained profitability of its uranium segment, despite a net loss driven by noncash items, highlights the resilience of its core business. The company’s expansion into rare earth elements—through acquisitions and new processing circuits—positions it as a key player in the U.S. supply chain for materials essential to clean energy, defense, and advanced technologies. With a strong working capital position and ongoing production growth, Energy Fuels is well-equipped to capitalize on rising demand for uranium and rare earths, reducing reliance on foreign sources and supporting national security and economic interests.
Summary
Energy Fuels (NYSE American: UUUU) (TSX: EFR) reported third-quarter 2026 revenue of $29.2 million, including $28.4 million from uranium sales of 320,000 pounds at an average realized price of $88.90 per pound. The company recorded a net loss of $52.4 million, or $0.20 per share, primarily reflecting $35.3 million in noncash, unrealized losses on marketable securities. Its uranium segment remained profitable for the third consecutive quarter, while working capital totaled $932.3 million as of Sept. 30, 2026.
Energy Fuels also reported mining 385,000 pounds of contained uranium during the quarter, bringing year-to-date production to 1.1 million pounds. The company completed its acquisition of Australian Strategic Materials in August, adding commercial-scale rare earth metal and alloy production capabilities, and continues advancing its planned acquisition of Vacuumschmelze, expected to close in early 2027. Energy Fuels also approved construction of commercial-scale heavy rare earth processing circuits at its White Mesa Mill in Utah, with commissioning targeted for 2028. To view the full press release, visit https://ibn.fm/qGmaY.
Energy Fuels is a leading U.S. critical materials company specializing in uranium, rare earth elements, heavy mineral sands, vanadium, and the development of medical isotopes. With several uranium projects in the western United States, Energy Fuels has been the top U.S. producer of natural uranium concentrate, supplying nuclear utilities. The Company owns the only fully licensed conventional uranium mill operating in the U.S. – the White Mesa Mill in Utah – where it also produces REE products and evaluates medical isotope recovery for emerging cancer therapies. Additionally, Energy Fuels is developing three heavy mineral sands/rare earths projects: the Vara Mada Project in Madagascar, Bahia Project in Brazil, and Donald Project in Australia (through a joint venture with Astron Limited). Based in Lakewood, Colorado, its shares trade on the NYSE American (“UUUU”) and TSX (“EFR”). The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU. This article has been disseminated on behalf of Energy Fuels Inc. and may include paid advertising.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Energy Fuels Q3 2026: Uranium Sales Drive Revenue, Rare Earth Expansion Advances
