Energy Fuels (NYSE: UUUU) projects its uranium oxide production will reach 1.6 million pounds by the end of June, positioning the Colorado-based company to meet its full-year guidance of 1.5 to 2.5 million pounds at the midpoint of the calendar year.
The operational update centers on the company's White Mesa Mill in Utah, the only fully licensed and operating conventional uranium mill in the United States. Ore for the mill comes from the Pinyon Plain mine in Arizona and the La Sal Complex in Utah.
Energy Fuels expects to produce more than 265,000 pounds of finished uranium per month from White Mesa. Processing cost of ore is projected between $9 and $12 per pound, near historic lows.
"Our uranium segment continues to differentiate Energy Fuels as the clear leading US uranium producer through our strong operating performance, production and costs," CEO Ross Bhappu said in a press release.
Shares rose 4.5% on the news, bringing the company's market capitalization in New York to $3.6 billion. The current ore processing campaign is on track for completion by the end of June, with processing set to resume in the fourth quarter.
Source: MINING.COM -- https://www.mining.com/energy-fuels-expects-to-hit-2026-uranium-guidance-by-midyear/