08:15 AM EDT, 07/01/2025 (MT Newswires) -- Energy Fuels ( UUUU ) said Tuesday it mined 638,700 pounds of U3O8 in Q2, including 230,661 pounds in June alone from its Pinyon Plain uranium mine in Arizona.

The output, which "significantly exceed previous production estimates", was driven by high uranium grades averaging 3.51% for the month and 2.23% for the quarter.

In Q2, Energy Fuels ( UUUU ) sold 50,000 pounds of U3O8, also known as triuranium octoxide, on the spot market at an average price of $77 per pound. It plans to sell 140,000 pounds in Q3 and 160,000 pounds in Q4 under existing long-term utility contracts.

For 2026, the company expects sales of 620,000 to 880,000 pounds under current agreements and projects opportunistic spot sales in 2025 and 2026, with the possibility of new long-term contracts.