Energy Fuels Inc. reported a net loss of $26.297 million for the first quarter ended March 31, 2025, compared to a net income of $3.639 million in Q1 2024. Total revenues were $16.898 million, down from $25.426 million in the prior year, with no uranium concentrates revenues recorded due to the timing of sales.
Despite the net loss, the company's working capital increased by 26% to $214.608 million as of March 31, 2025. Energy Fuels significantly increased its 2025 uranium production guidance, with mined U3O8 expected to be between 875,000 and 1.435 million pounds, a 22% increase at the midpoint.
Processed U3O8 guidance was raised by 278% at the midpoint to 700,000-1.00 million pounds, and finished goods inventory guidance increased by 193%. The Pinyon Plain, La Sal, and Pandora mines collectively produced over 160,000 pounds of contained U3O8 in April, with high-grade zones identified at Pinyon Plain.
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