Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced its Pinyon Plain uranium mine in Arizona has significantly outperformed production expectations in the second quarter of 2025, mining 230,661 pounds of U₃O₈ in June alone, contributing to a quarterly total of 638,700 pounds. The June grades averaged 3.51% U₃O₈, with the quarter averaging 2.23%. CEO Mark S. Chalmers remarked on the mine's high-grade uranium deposit, stating it is likely to be one of the highest-grade uranium deposits mined in U.S. history.
In Q2, Energy Fuels sold 50,000 pounds of uranium on the spot market at an average of $77 per pound. The company anticipates selling 140,000 pounds in Q3 and 160,000 pounds in Q4 under long-term contracts. For 2026, sales are projected to range between 620,000 and 880,000 pounds, underscoring the mine's pivotal role in meeting the demand for uranium and rare earth elements.
Energy Fuels Inc. continues to solidify its position as a leading U.S. producer of uranium and rare earth elements, with its Pinyon Plain Mine's performance in Q2 2025 setting a new benchmark for production and sales expectations in the industry. For more information, visit https://ibn.fm/lkpYR.
