Energy Fuels IncE
Energy Fuels Inc (TSX: EFR / NYSE American: UUUU) is a Canadian-incorporated, US-operating uranium producer and the largest holder of NRC/state-licensed uranium recovery capacity in the country. White Mesa Mill (Blanding, Utah), commissioned in 1980, is the only currently-operating conventional (crush-grind-leach) uranium mill in the US, and also processes alternate feed materials and, increasingly, monazite sand for rare earth element (REE) recovery. Pinyon Plain Mine (Coconino County, Arizona, a high-grade breccia-pipe deposit near the Grand Canyon, formerly named Canyon Mine) is the company's current primary source of mill feed: uranium production there commenced 21 Dec 2023, with first ore removed from the mine in early Jan 2024; combined with the Mill, roughly 1.7 million lbs of finished U3O8 were produced in H1 2026 alone. Energy Fuels also mines the La Sal Complex (La Sal and Pandora mines, Utah) alongside Pinyon Plain, and holds standby and development uranium properties (Nichols Ranch ISR and Whirlwind, being readied for restart; Roca Honda, Sheep Mountain and Bullfrog); it sold the Alta Mesa ISR project to enCore Energy on 15 Feb 2023. As of 30 Jun 2026 the company held approximately $996M in working capital, including $878.3M of marketable securities held as a strategic reserve beyond its operating cash position.
Notable vs. Peers
- Financials score of 1/10 is weaker than the peer average of 5.9/10.
- Trading within 1% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Dec 2023 · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Combined view across 5 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)9/10
Arizona: Fraser PPI 2025 is 90.73 of 100 (rank 10 of 68), which maps to 9 on this site's scale. Canadian-incorporated but 100% US-operating: conventional underground mining (Pinyon Plain, Arizona) and the White Mesa Mill (Utah) -- the only currently-operating conventional uranium mill in the United States.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Pinyon Plain Mine.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Bagdad (Freeport-McMoRan Inc.), 176 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0.8/10
Nearest producing mine: Bagdad (Freeport-McMoRan Inc.), 176 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:4/10
Primary commodity: Uranium
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and Chief Executive Officer of Energy Fuels Inc, effective April 15, 2026, succeeding Mark Chalmers (who retired and continues as a consultant to the Company for two years).
Chief Financial Officer of Energy Fuels Inc.
Executive Vice President, Chief Legal Officer and Corporate Secretary of Energy Fuels Inc.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Energy Fuels' disclosed register is thin and entirely passive: the only named holder on file is Van Eck Associates Corporation at 7.8%, the sponsor behind the GDX/GDXJ gold-miner and uranium-sector ETF families -- index-inclusion mechanics, not a specialist's discretionary pick. No producer, strategic investor, or dedicated discretionary resource fund holds a disclosed stake, and no insider transactions are on file.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Energy Fuels is a US uranium producer, incorporated in Canada and listed on the NYSE American and TSX, that owns the White Mesa Mill in Utah, the only operating conventional uranium mill in the US. Its main source of mill feed is the high-grade Pinyon Plain breccia-pipe mine in Arizona, where production began on 21 December 2023, alongside the La Sal and Pandora mines in Utah, and it produced about 1.7 million lb of U3O8 in H1 2026. Measured and indicated resources across its properties total 65,026,409 lb U3O8, inclusive of reserves, with 22,696,000 lb inferred, in projects including Sheep Mountain (Wyoming), Roca Honda (New Mexico), Bullfrog (Nevada), Nichols Ranch (Wyoming) and Pinyon Plain. The White Mesa Mill also recovers rare earths from monazite sand and produces separated NdPr, with a US$410M Phase 2 rare-earth expansion targeting commissioning in Q1 2029. In August 2026 Energy Fuels completed its acquisition of Australian Strategic Materials, expanding its rare-earth metals and alloys business.