Energy Fuels Q3 revenue rises but posts net loss

Overview

• US rare earths and uranium producer's Q3 revenue rose to $29.2 mln

• Company posted $52.4 mln net loss, mainly due to non-cash mark-to-market losses

• Company completed ASM acquisition, adding rare earth metals and alloys production

Outlook

• Company expects to close VAC acquisition in early 2027, pending regulatory approvals

• Company expects White Mesa Mill heavy REE expansion to be completed in early 2028

Result Drivers

• URANIUM PRICES - Co said higher realized uranium prices supported improved margins in Q3

• ASM ACQUISITION - ASM acquisition added rare earth metal and alloy production capabilities at Korean Metals Plant

• PINYON PLAIN GRADES - Co said uranium grades at Pinyon Plain mine improved in Q3

Company press release: ID:nPn5qXZnXa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the uranium peer group is "buy"

• Wall Street's median 12-month price target for Energy Fuels Inc. is $19.00, about 164.6% above its November 4 closing price of $7.18

Reuters Recommended Reads

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• Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)