Energy Fuel’s (UUUU) Net Loss Narrows on Pinyon Plain Mine Progress

Energy Fuels Inc. (NYSE:UUUU) is one of the top energy stocks to consider for long-term investment. On August 6, the company delivered solid second-quarter results that affirmed its long-term commitment to the Pinyon Plain uranium mine. Additionally, the company’s net loss narrowed amid exceptional mining activity at its flagship project.

Energy Fuel’s (UUUU) Net Loss Narrows on Pinyon Plain Mine Progress

Miners at work in a mine, searching for Uranium and Vanadium.

Net loss in the quarter narrowed to $21 million or $0.10 a share compared to a net loss of $26.32 million or $0.13 a share delivered in the first quarter. Additionally, the company exited the quarter in a solid financial position, with $250 million in liquidity and no debt.

Energy Fuels confirmed it expects high mined grades and production at the Pinyon Plain mine for several additional years. The mine should offer sustained low unit costs of between $23 and $30 per pound U3O8, resulting in dramatically higher expected uranium margins.

“While our uranium segment showed a loss this quarter due to limited uranium sales, revenue from upcoming contract deliveries, along with possible spot market sales during the remainder of 2025, is expected to provide substantial cash flow starting this year and getting into full swing in 2026 and subsequent years, to be offset against our global operating and capital costs,” said Mark Chalmers, Energy Fuels’ Chief Executive Officer.

Energy Fuels Inc. (NYSE:UUUU) is a uranium mining and production company that produces uranium concentrates for nuclear utilities, which are used to generate carbon-free nuclear energy. It operates two key uranium production centers in the US: the White Mesa Mill in Utah and the Nichols Ranch ISR Facility in Wyoming.

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Disclosure: None. This article is originally published at Insider Monkey.

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