Pinyon Plain Uranium Mine Continues To Outperform

DENVER, CO – Energy Fuels Inc. reported that its Pinyon Plain uranium mine in Arizona continues to significantly exceed previous production estimates. During June 2025, the Company mined 230,661 pounds of U3O8 from the Pinyon Plain mine, resulting in 638,700 total pounds of U3O8 mined in Q2-2025. These elevated mining rates are mainly driven by the high uranium grades at Pinyon Plain which averaged 3.51% U3O8 during the month of June 2025 and 2.23% U3O8 during the second quarter.

Mark S. Chalmers, President and CEO, said, “Pinyon Plain is proving to be a truly exceptional U.S. uranium mine. In my nearly 50-year history in the uranium industry, I have not seen any other U.S. mine like Pinyon Plain. Production and drill results to date indicate that it will be the highest-grade uranium deposit to be mined in the U.S. over the past 30 years, and I believe it is likely to be one of the highest-grade uranium deposits mined in U.S. history. We also believe that increased uranium production is very likely to result in lower unit production costs, which would positively impact our bottom line. In addition, there remains significant additional exploration potential, as the Company is only currently mining approximately 25% of the vertical extent of the prospective ore zone, and recent exceptional drill results in the Juniper zone highlight the potential for additional discovery.”