UUUU
Energy Fuels Inc.14.08
+0.06+0.43%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details uranium contracts, timelines
Q&A reinforced 2026 uranium guidance with Pinyon Plain alone eyeing 2M+ lbs at low costs, La Sal adding upside via potential vanadium credits. Management detailed 650k-880k lbs contracted at $70s+ pricing—rising quarterly—while shunning spot sales below replacement value. Donald timelines held firm for early 2026 FID and late 2027 White Mesa feeds, despite slight Vara Mada delays for social license. Phase 1b/c clarified quicker heavy REE separation from samarium+ and IMREC. Smooth CEO handoff stresses execution hires. Pinyon grades doubled reserves. Bullish uranium funds rare earths; watch mill runtime.
Key Stats
Market Cap
3.34BP/E (TTM)
-Basic EPS (TTM)
-0.48Dividend Yield
0%Recent Filings
8-K
Bhappu named CEO April 2026
Energy Fuels announced Ross Bhappu, current President, will become President and CEO—and join the Board—effective April 15, 2026, succeeding retiring CEO Mark Chalmers. Chalmers stays on as a two-year consultant for growth initiatives; his Board exit signals no disagreements. Bhappu packs 35 years in mining deals. Smooth handover ahead.
10-K
FY2025 results
Energy Fuels mined 1.72M lbs U3O8 across Pinyon Plain, La Sal, and Pandora in FY2025 ended December 31, 2025, feeding the White Mesa Mill which produced 1.015M lbs U3O8 from conventional ore, Alternate Feed Materials, and tailings recycle—Q4 ramped with 765k lbs from 134k tons at 0.32% grade, up sequentially on strong grades. Sold 650k lbs U3O8 at $74.21/lb average ($48M revenue), blending spot ($77/lb) and contracts ($71/lb), while Kwale wrapped HMS output with $15.8M from final stockpiles before reclamation. Cash builds liquidity. Political instability risks Vara Mada momentum.
8-K
Pinyon Plain PFS boosts reserves
Energy Fuels released an updated pre-feasibility study for the permitted Pinyon Plain uranium mine in Arizona, effective December 31, 2025. Proven and Probable reserves total 133,000 tons at 0.97% U3O8 for 2.57 Mlb contained metal over a 32-month life, yielding 2.47 Mlb U3O8 at 96% recovery and $80/lb pricing. After-tax NPV5% hits $78M with $30/lb all-in costs; Juniper production starts early 2027. Density calibration improved reconciliation.
8-K
Energy Fuels buys ASM
Energy Fuels signed a Scheme Implementation Deed on January 20, 2026, to acquire all shares of Australian Strategic Materials (ASM) via an Australian court-approved scheme. ASM holders get 0.053 Energy Fuels shares (A$1.47 value on Jan 16) plus up to A$0.13 special dividend, totaling A$1.60 per share for A$447M enterprise value; post-close, they'll own 5.8% of Energy Fuels. Closing eyed for June 2026, pending FIRB, court, and shareholder nods—but superior bids could derail it.
8-K
Toliara FS: $1.4B NPV, 38-year life
Energy Fuels released a new NI 43-101/S-K 1300 feasibility study for its Vara Mada (Toliara) project in Madagascar, effective June 30, 2025. The study outlines a 38-year, 904 Mt reserve at 6.1% THM supporting 959 ktpa ilmenite, 66 ktpa zircon, 8 ktpa rutile, and 24 ktpa monazite production, with Stage 1 at 12.6 Mtpa expanding to 25 Mtpa. Post-tax NPV10 hits $1.4B at 22.1% IRR; payback in 4.8 years. Monazite feeds Energy Fuels' U.S. refinery. Land access and investment regime remain key hurdles.
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