Why These Energy Stocks are Gaining This Week

5. Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Share Price Gains Between July 15 – July 22: 18.56%

Next on our list of Energy Stocks Gaining the Most this Week is Energy Fuels Inc. (NYSEAMERICAN:UUUU), a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes.

As the largest uranium provider in the US, Energy Fuels Inc. (NYSEAMERICAN:UUUU) received a massive boost after the U.S. Department of Energy (DOE) announced the Fuel Line Pilot Program, aimed at accelerating the development of advanced nuclear reactors and strengthening domestic supply chains for nuclear fuel.

Moreover, Energy Fuels Inc. (NYSEAMERICAN:UUUU) announced last week that it had commenced the production of heavy rare earth element oxides at its White Mesa Mill in Utah, making it the only American company producing these oxides from commercial rare earth ores. Energy Fuels plans to scale up production to commercial levels by late next year, with potential contributions from its Donald Project in Australia by the end of 2027, thereby providing the country with much-needed domestically produced heavy rare earth oxides.