Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. critical materials company, 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.
The results underscore Energy Fuels' dual strategy of maintaining profitable uranium operations while building a fully integrated rare earth supply chain outside of China. The company's White Mesa Mill is the only fully licensed conventional uranium mill operating in the U.S., and it also produces rare earth element products and evaluates medical isotope recovery for emerging cancer therapies. The addition of Australian Strategic Materials' metal and alloy production capabilities, along with the pending Vacuumschmelze acquisition, positions Energy Fuels to supply both the nuclear fuel and rare earth magnet markets, which are critical for defense, electronics, and clean energy technologies.
For investors, the quarter highlights the company's ability to generate revenue from uranium sales while investing in long-term growth. The net loss, driven by noncash items, may obscure the underlying operational progress. Energy Fuels' working capital of $932.3 million provides significant financial flexibility to fund its expansion plans. The company's shares trade on the NYSE American under the symbol "UUUU" and on the TSX as "EFR." To view the full press release, visit https://ibn.fm/qGmaY. The latest news and updates relating to UUUU are available in the company's newsroom at http://ibn.fm/UUUU.
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