Energy Fuels expects to reach its full year uranium production guidance by mid year, having already mined roughly 1 million pounds through the first four months of 2026. That matches the company total output for all of 2025. Full year 2026 guidance runs between 1.5 million and 2.5 million pounds.
The company projected mining approximately 750,000 to 850,000 pounds of contained U3O8 in ore during the first half of the year. Processing runs through the White Mesa Mill in Utah, the only operating conventional uranium mill in the United States and the largest uranium processing facility in the country.
Beginning in July 2026, Energy Fuels planned further modifications to the Phase 1 rare earth circuits at White Mesa. Those circuits currently produce commercial quantities of separated neodymium praseodymium, giving the site a second revenue line alongside uranium.
Policy is the larger variable for domestic producers this summer. A Section 232 status report due in July could introduce domestic sourcing requirements for uranium, a change that would arrive on top of contract pricing already sitting at a 14 year high.
On the enrichment side, Centrus Energy remains the only US uranium enricher and reports a backlog valued at $3.8 billion extending through 2040. The stock traded around $174 on July 22, down 36 percent year to date from a 52 week high of $464.25, a gap that reflects how sharply sentiment moved in the sector during the first half.
Source: 24/7 Wall St. - https://247wallst.com/investing/2026/07/23/3-uranium-stocks-to-buy-as-nuclear-heats-before-the-end-of-july/