Energy Fuels shares rise on jump in uranium output in May

Energy Fuels

03/06/2025 11:52

** Shares of miner Energy Fuels UUUU.A rise 2.7% to $5 in premarket trading

** Company's Pinyon Plain mine in Arizona produced nearly 260,000 pounds of U(3)O(8) in May, representing a 71% increase from last month

** UUUU add that it is advancing permits on important uranium pipeline projects - Roca Honda project in New Mexico and EZ Complex in Arizona

** "Energy Fuels is pursuing an aggressive plan to quickly increase short-term U.S. uranium supply in support of near-term profitability and advancing key components of President Trump's Nuclear Energy, Energy Dominance, and Critical Mineral agendas," - CEO Mark Chalmers

** Up till last close, stock down 5.1% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))