On June 18, Energy Fuels rose 8.5% in pre-market trading, trading at approximately $16.57/share, with turnover of $1.1547 million.
On the news front, Energy Fuels announced it has secured a loan with a term of up to 20 years, earmarked to support the expansion of critical mineral processing capacity at its White Mesa Mill in Utah. The funding will also back the company's planned rare earth metals and alloys production facilities within the United States, marking a significant step in strengthening domestic critical mineral supply chains.
Multiple catalysts are converging to drive the stock higher. The company previously disclosed that finished uranium production at White Mesa Mill is expected to reach approximately 1.6 million pounds by June 30, already hitting the lower end of its full-year guidance range of 1.5 to 2.0 million pounds. Additionally, Australian Strategic Materials confirmed that a new independent expert review continues to conclude that Energy Fuels' proposed acquisition is fair and in the best interests of shareholders, with the board unanimously recommending approval.
Within the Coal & Consumable Fuels sector, Centrus is up 7.45%, Nexgen Energy up 2.10%, Cameco up 1.58%, Uranium Energy up 1.40%, and Denison Mines up 0.30%.
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