WhiteMesaMill News & Analysis

Energy Fuels (UUUU) Stock Rises 11.2% After $725M Financing News

Energy Fuels (UUUU) stock rose by 11.2% as of 11:04 a.m. ET following the announcement of a $725 million financing commitment from the Department of Defense. This funding will help expand the company's critical minerals processing capabilities at its White Mesa Mill in Utah and support the development of a rare-earth metals facility. The company's CEO emphasized that this financing aligns with their goal to be a vital player in the rare-earth supply chain. Despite the positive news, the company remains unprofitable, making investments potentially higher risk.