Energy Fuels Inc

Energy Fuels mines, processes, and sells uranium (used in nuclear power plants), rare earth elements (critical for electronics and defense), and heavy mineral sands like ilmenite and zircon [Yahoo Finance]. The company pivoted its business model in early 2026 to focus primarily on uranium sales, which now represent the majority of revenue after years of minimal uranium revenue [Yahoo Finance].

Energy Fuels is a U.S.-based uranium and rare earth elements producer that shifted from near-zero uranium sales to $35.7 million in Q1 2026, more than doubling year-earlier revenue [Yahoo Finance]. The company operates in the nuclear fuel and critical minerals space with 1,069 employees [Yahoo Finance], but currently burns cash heavily with negative operating margins of -132% and free cash flow of -$108.7M [Yahoo Finance].

The company is deeply unprofitable with weak financial health despite recent uranium revenue growth.