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Top US Uranium Mine Reports Record Monthly Production and Exceptional Drill Results to Support Domestic Nuclear Energy Production

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Energy Fuels (NYSE: UUUU) reported record uranium production at its Pinyon Plain Mine in Arizona, achieving 151,400 pounds of U3O8 in April 2025, with an exceptional grade of 1.64%. The company's underground drill program in the "Juniper Zone" revealed outstanding results, with notable intercepts including up to 20.11% eU3O8 grades. The drilling program, comprising 49 core holes, suggests potential for significantly increased mineable uranium resources beyond the current estimate of 703,000 pounds U3O8 at 0.95% grade in the Juniper Zone. CEO Mark Chalmers highlighted these results as extremely rare for U.S. uranium mining, anticipating an updated technical report later in 2025 that could show increased reserves and lower production costs. The mine is positioned to become America's largest and most cost-effective uranium producer, supporting the nation's nuclear energy sector.
Energy Fuels (NYSE: UUUU) ha registrato una produzione record di uranio presso la sua miniera Pinyon Plain in Arizona, raggiungendo 151.400 libbre di U3O8 nell'aprile 2025, con un grado eccezionale dell'1,64%. Il programma di perforazione sotterranea nella "Juniper Zone" ha mostrato risultati straordinari, con intersezioni significative che includono gradi di eU3O8 fino al 20,11%. Il programma di perforazione, composto da 49 fori di carotaggio, suggerisce un potenziale aumento sostanziale delle risorse di uranio estraibili oltre la stima attuale di 703.000 libbre di U3O8 a un grado dello 0,95% nella Juniper Zone. Il CEO Mark Chalmers ha sottolineato che questi risultati sono estremamente rari per l'estrazione di uranio negli Stati Uniti, prevedendo un rapporto tecnico aggiornato entro la fine del 2025 che potrebbe evidenziare riserve maggiori e costi di produzione più bassi. La miniera è destinata a diventare il più grande e conveniente produttore di uranio in America, sostenendo il settore dell'energia nucleare nazionale.
Energy Fuels (NYSE: UUUU) informó una producción récord de uranio en su mina Pinyon Plain en Arizona, alcanzando 151,400 libras de U3O8 en abril de 2025, con una ley excepcional del 1.64%. El programa de perforación subterránea en la "Zona Juniper" reveló resultados sobresalientes, con interceptaciones notables que incluyen leyes de eU3O8 de hasta 20.11%. El programa de perforación, que comprende 49 pozos de núcleo, sugiere un potencial para aumentar significativamente los recursos minables de uranio más allá de la estimación actual de 703,000 libras de U3O8 con una ley del 0.95% en la Zona Juniper. El CEO Mark Chalmers destacó que estos resultados son extremadamente raros para la minería de uranio en EE.UU., anticipando un informe técnico actualizado a finales de 2025 que podría mostrar reservas aumentadas y costos de producción más bajos. La mina está posicionada para convertirse en el mayor y más rentable productor de uranio de Estados Unidos, apoyando el sector de energía nuclear del país.
Energy Fuels (NYSE: UUUU)� 애리조나� 위치� Pinyon Plain 광산에서 2025� 4월에 151,400파운드의 U3O8� 생산하며 기록적인 우라� 생산량을 보고했습니다. 우수� 등급� 1.64%� 달성했습니다. "Juniper Zone"에서 진행� 지� 시추 프로그램은 최대 20.11% eU3O8 등급� 뛰어� 시추 결과� 보여주었습니�. 49개의 코어 홀� 구성� 시추 프로그램은 현재 Juniper Zone에서 0.95% 등급으로 추정되는 703,000파운드의 우라� 자원보다 훨씬 � 많은 채굴 가� 자원� 있을 가능성� 시사합니�. CEO Mark Chalmers� 이러� 결과가 미국 우라� 광산업에� 매우 드문 사례라며, 2025� 후반� 업데이트� 기술 보고서가 발표되어 매장� 증가와 생산 비용 절감� 보여� 것으� 기대하고 있습니다. � 광산은 미국 � 최대이자 가� 비용 효율적인 우라� 생산지가 되어 국가� 원자� 에너지 부문을 지원할 것입니다.
Energy Fuels (NYSE : UUUU) a annoncé une production record d'uranium dans sa mine Pinyon Plain en Arizona, atteignant 151 400 livres de U3O8 en avril 2025, avec une teneur exceptionnelle de 1,64 %. Le programme de forage souterrain dans la « zone Juniper » a révélé des résultats remarquables, avec des intersections notables incluant des teneurs en eU3O8 allant jusqu'à 20,11 %. Le programme de forage, comprenant 49 carottes, suggère un potentiel d'augmentation significative des ressources exploitables en uranium au-delà de l'estimation actuelle de 703 000 livres de U3O8 à une teneur de 0,95 % dans la zone Juniper. Le PDG Mark Chalmers a souligné que ces résultats sont extrêmement rares dans l'industrie de l'uranium aux États-Unis, anticipant un rapport technique mis à jour plus tard en 2025 qui pourrait montrer des réserves accrues et des coûts de production réduits. La mine est positionnée pour devenir le plus grand et le plus rentable producteur d'uranium en Amérique, soutenant le secteur de l'énergie nucléaire national.
Energy Fuels (NYSE: UUUU) meldete eine Rekordproduktion von Uran in seiner Pinyon Plain Mine in Arizona und erreichte im April 2025 151.400 Pfund U3O8 mit einem außergewöhnlichen Gehalt von 1,64 %. Das unterirdische Bohrprogramm in der "Juniper Zone" zeigte herausragende Ergebnisse, darunter bemerkenswerte Abschnitte mit eU3O8-Gehalten von bis zu 20,11 %. Das Bohrprogramm, bestehend aus 49 Kernbohrungen, deutet auf ein erhebliches Potenzial zur Steigerung der abbauwürdigen Uranressourcen über die derzeitige Schätzung von 703.000 Pfund U3O8 mit einem Gehalt von 0,95 % in der Juniper Zone hinaus hin. CEO Mark Chalmers hob hervor, dass diese Ergebnisse in der US-amerikanischen Uranförderung äußerst selten sind und erwartet einen aktualisierten technischen Bericht im Laufe des Jahres 2025, der erhöhte Reserven und niedrigere Produktionskosten zeigen könnte. Die Mine ist auf dem Weg, der größte und kosteneffizienteste Uranproduzent Amerikas zu werden und unterstützt damit den nationalen Nuklearenergiesektor.
Positive
  • Record monthly production of 151,400 pounds of U3O8 with high-grade ore of 1.64%
  • Exceptional drill results with grades up to 20.11% eU3O8 in the Juniper Zone
  • Mined ore grades significantly higher than previous gamma probe grades
  • Expected increase in uranium reserves and lower mining costs per pound
  • Positioned to become largest and lowest-cost U.S. uranium mine
Negative
  • None.

Insights

Energy Fuels reports exceptional uranium grades at Pinyon Plain mine, potentially transforming it into America's premier uranium operation with significantly expanded resources.

Energy Fuels has achieved a record monthly production of 151,400 pounds of uranium at its Pinyon Plain mine in Arizona, with an extraordinary average grade of 1.64% eU3O8. To contextualize, this grade is approximately 10-30 times higher than typical uranium mines operating globally, where grades often range from 0.05% to 0.30%.

The underground drilling program has revealed truly exceptional results in the Juniper Zone. Several intercepts show grades between 5% and 20% eU3O8 - values typically only seen in Canada's Athabasca Basin, home to the world's highest-grade uranium deposits. The standout intercept of 20.11% eU3O8 over 4 feet represents a concentration that is virtually unprecedented in U.S. uranium mining history.

These results will likely transform the economics of the Pinyon Plain operation. The 2023 Pre-Feasibility Study estimated just 703,000 pounds at 0.95% in the Juniper Zone, but these new intercepts suggest substantially higher grades across numerous drill holes. Higher grades translate directly to lower production costs - less material needs to be mined and processed to recover the same amount of uranium, reducing both capital and operating expenses.

The breccia pipe deposits of the Arizona Strip, where Pinyon Plain is located, are geologically unique. These vertical, cylinder-shaped deposits typically contain higher-grade uranium mineralization than most U.S. deposits, but the grades reported here exceed even the historical norms for this district.

For Energy Fuels, these results solidify its position as America's premier uranium producer at a critical time when domestic supply of nuclear fuel is receiving renewed policy focus. With nuclear power generating nearly 50% of America's zero-emission electricity, the development of high-grade domestic uranium resources carries strategic importance beyond just the company's economics.

These exceptional uranium results strengthen U.S. domestic nuclear fuel supply amid growing policy support for nuclear energy as clean, baseload power.

The exceptional uranium grades reported at Energy Fuels' Pinyon Plain mine represent a significant development for U.S. energy security and nuclear fuel supply chains. Over the past three decades, domestic uranium production has declined precipitously, with the U.S. becoming heavily dependent on imports despite operating the world's largest fleet of nuclear reactors.

This discovery comes at a pivotal moment for nuclear energy. As utilities seek to decarbonize their generation portfolios while maintaining reliable baseload power, nuclear energy's role is expanding. The zero-emission profile of nuclear power - currently providing 18% of total U.S. electricity and nearly 50% of carbon-free electricity - positions it as a critical component in meeting climate objectives.

The ability to source high-grade uranium domestically reduces supply chain risks for U.S. utilities. The exceptional grades at Pinyon Plain (with intercepts up to 20.11% eU3O8) suggest this operation could become one of the lowest-cost uranium sources globally, potentially making it competitive even against low-cost producers in Kazakhstan and Canada.

Energy Fuels' position as an integrated producer - mining uranium ore and processing it into uranium concentrates at their White Mesa Mill in Utah - provides a complete domestic supply chain element. This vertical integration is increasingly valuable as nuclear fuel security becomes a policy priority.

The significance of these results extends beyond Energy Fuels to the broader nuclear revival. As small modular reactors (SMRs) and advanced reactor designs progress toward commercialization, securing domestic fuel supply becomes increasingly important for energy independence and grid resilience.

Energy Fuels' Pinyon Plain Mine in Arizona produces a record 151,400 pounds of U3O8 contained in ore for the month of April; Underground drill program identifies large areas of uranium mineralization with average grades believed to be unprecedented in the modern era of U.S. uranium mining.

DENVER, May 1, 2025 /PRNewswire/ -Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (REE), and other critical minerals today reported that uranium mining rates at its Pinyon Plain mine in Arizona reached record levels in April, while the ongoing underground drill program at the mine delivers exceptional new results.

During April 2025, the Company mined 4,604 tons of ore, containing roughly 151,400pounds of uranium with an average grade of 1.64% eU3O8 at its Pinyon Plain mine, which the Company believes is one of the highest-grade uranium mines in U.S. history. Production rates at the mine have steadily increased over the past several months, with April's results representing the largest monthly production rate since mining began last year. Furthermore, as mined ore grades so far are significantly higher than the gamma probe grades from previous drill programs, the Company believes it will mine considerably more uranium from the Main Zone of the deposit versus what is described in the Technical Report on the Pre-Feasibility Study on the Pinyon Plain Project (PFS) prepared in February 2023 in accordance with S-K 1300 and NI 43-101.

In addition to the increase in production, the Company is pleased to announce exceptional results from its 2024 � 2025 underground drill program in another area of mineralization at the Pinyon Plain mine called the "Juniper Zone." The February 2023 PFS includes a Mineral Resource estimate for the Juniper Zone of 703,000 pounds of U3O8 at an average grade of 0.95% contained in 37,000 tons of Indicated Mineral Resources, in addition to a small amount of Inferred Mineral Resources. New drill results show numerous additional high-grade intercepts within the Juniper Zone and other zones within the deposit, which together have the potential to significantly increase the mineable uranium resources at the mine.

49 core holes were completed in the Juniper Zone drilling program. Appendix A contains gamma log data that the Company collected following drilling. Drill core is currently being sampled and will be sent for analytical testing. Highlights from the drilling program include the following intercepts:

  • PPCH-028: 13.4 ft with an average grade of 7.02% eU3O8
  • PPCH-029:7.5 ft with an average grade of 7.50% eU3O8
  • PPCH-033: 9.3 ft with an average grade of 2.02% eU3O8
  • PPCH-034: 17.5 ft with an average grade of 5.70% eU3O8
    • including 4.0 ft with an average grade of 20.11% eU3O8
  • PPCH-035: 5.0 ft with an average grade of 5.15% eU3O8
  • PPCH-036: 7.5 ft with an average grade of 3.17% eU3O8
  • PPCH-043: 11.0 ft with an average grade of 1.89% eU3O8

All drill holes were logged with calibrated Mt. Sopris gamma probes owned or rented by the Company. All probes were calibrated at the U.S. Department of Energy test pits in Grand Junction, CO. Equivalent U3O8 grades ("eU3O8") are calculated indirect readings of contained in-situ uranium based on gamma radiation emitted by uranium daughter products.

All drill holes targeted the Juniper Zone and were completed from two underground drill stations. The Company believes these drill results confirm that the Juniper Zone is another very high-grade zone of uranium mineralization. All drill results can be found in the table set out in Appendix A to this release. The Company is planning to conduct additional drilling in the Juniper Zone as it continues development of that area.

"I'm amazed at these drill results," said Energy Fuels President and CEO Mark Chalmers. "With nearly 50 years in the uranium industry, I can say that these types of grades and intercepts in a U.S. uranium mine are extremely rare. We plan to incorporate these results into an updated technical report for the Pinyon Plain mine later this year, which I believe will significantly increase the uranium reserves and resources and result in a lower mining and milling cost per pound. These results also confirm our belief that Pinyon Plain will likely be the largest and lowest cost U.S. uranium mine supplying the domestic nuclear energy industry over the next several years. I am also extremely proud of our mine personnel, who are doing the hard work to safely and responsibly produce the uranium needed to maintain America's global leadership in energy, technology, manufacturing, and economic opportunity."

The Pinyon Plain mine is a "breccia pipe" deposit containing large quantities of "natural uranium," which is the technical and legal term for unenriched uranium that produces low relative levels of radioactivity. Mining natural uranium ore is the very first step in the production of baseload, 24/7/365 nuclear energy, which currently generates roughly 18% of the electricity produced in the U.S., and nearly 50% of the zero-emission electricity produced in the U.S. The Company processes the ore from Pinyon Plain and other conventional uranium mines into natural uranium concentrates (U3O8) at its nearby White Mesa Mill in Utah, which is then sold to nuclear utilities who convert, enrich and manufacture the U3O8 into fuel for their reactors.

Qualified Person Statement
The scientific and technical information disclosed in this news release was reviewed and approved byDaniel D. Kapostasy, PG, Registered Member SME and Vice President, Technical Services for the Company, who is a "Qualified Person" as defined in S-K 1300 and National Instrument 43-101.

ABOUT ENERGY FUELS
Energy Fuels is a leading US-based critical minerals company, focused on uranium, REEs, heavy mineral sands ("HMS"), vanadium and medical isotopes. The Company has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy and owns and operates several conventional and in-situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, the Company also produces advanced REE products, vanadium oxide (when market conditions warrant), and is evaluating the recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments. The Company also owns the Kwale HMS project in Kenya which ceased mining and commenced final reclamation activities at the end of 2024, and is developing three (3) additional HMS projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which the Company has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. The Company is based in Lakewood, Colorado, near Denver. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." For more information on all we do, please visit .

Cautionary Note Regarding Forward-Looking Statements:This news release contains certain "Forward Looking Information" and "Forward Looking Statements" within the meaning of applicable United States and Canadian securities legislation, which may include, but are not limited to, statements with respect to: any expectation that the Company will maintain its position as a leading U.S.-based critical minerals company or as the leading producer of uranium in the U.S.; any expectation that the Pinyon Plain mine is one of the highest-grade uranium mines in U.S. history; any expectation that the Company will mine considerably more uranium from the main zone of the Pinyon Plain deposit versus what is described in the previously published PFS; any expectation as to the grade and quantity of ore mined to date or to be mined in the future at the Pinyon Plain mine; any expectation that the analytical testing will confirm the gamma log data for the holes drilled to date and described in this press release; any expectation that the drill results will confirm that the Juniper Zone is a very high-grade zone of uranium mineralization; any expectation that the Company will incorporate the drill results into an updated S-K 1300/NI 43-101 Technical Report for the Pinyon Plain mine later this year, or at all; any expectation that any such updated Technical Report will significantly increase the uranium reserves and resources and/or result in a lower mining and milling cost per pound; any expectation that the results will confirm the Company's belief that the Pinyon Plain mine will likely be the largest and lowest cost U.S. uranium mine supplying the domestic nuclear energy industry over the next several years; any expectation that the Company's evaluation of the recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments will be successful or commercially feasible; and any expectation that the Company's development projects, including the Toliara Project, Donald Project and Bahia Project will be successfully developed and placed into commercial production. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "estimates," "forecasts," "intends," "anticipates," "does not anticipate," or "believes," or variations of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, herein are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices and price fluctuations; engineering, construction, processing and mining difficulties, upsets and delays; permitting and licensing requirements and delays; changes to regulatory requirements; the imposition of tariffs and other restrictions on trade; legal challenges; the availability of feed sources for the Mill; competition from other producers; public opinion; government and political actions; market factors, including commodity prices; actual results differing from estimates and projections; the ability of the Mill to recover radium or other radioisotopes at reasonable costs or at all; market prices and demand for medical isotopes; and the other factors described under the caption "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, which is available for review on EDGAR at , on SEDAR+ at , and on the Company's website at . Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update the information in this communication, except as otherwise required by law.

APPENDIX A

2024-2025 JUNIPER ZONE DRILL RESULTS

Hole ID

Drill
Station1

From
(ft.)

To (ft.)

Intercept
Length
(ft.)2

Uranium
Grade
(% eU3O8)3

Uranium GT
(Grade x
Thickness)4

Azimuth
(deg.)

Dip
(deg.)5

Depth
(ft. below
surface)6


PPCH-001

DDS 1

31.0

38.0

7.0

0.77

5.39

113.6

-14.9600

1,488.8


78.5

81.5

3.0

0.69

2.07

1,500.0


94.5

95.5

1.0

0.35

0.35

1,503.7


PPCH-002

DDS 1

3.5

6.5

3.0

0.50

1.50

111.8

-24.7

1,481.7


35.3

42.3

7.0

0.37

2.59

1,496.7


PPCH-003

DDS 1

2.5

4.5

2.0

0.47

0.94

112.4

-33.5

1,481.5


PPCH-004

DDS 1

1.6

3.6

2.0

1.82

3.64

112.2

-39.0

1,481.3


PPCH-005

DDS 1

Mineralized - No significant intercepts

114.0

-44.3

NA


PPCH-006

DDS 1

Mineralized - No significant intercepts

112.9

-49.3

NA


PPCH-007

DDS 1

Mineralized - No significant intercepts

113.7

-55.4

NA


PPCH-008

DDS 1

0.5

2.0

1.5

0.35

0.53

111.9

-59.7

1,480.7


275.3

278.3

3.0

0.43

1.29

1,719.3


PPCH-009

DDS 1

Mineralized - No significant intercepts

130.8

-15.2

NA


PPCH-010

DDS 1

23.4

24.7

1.3

0.41

0.53

131.0

-23.8

1,489.0


PPCH-011

DDS 1

Mineralized - No significant intercepts

126.7

-32.1

NA


PPCH-012

DDS 1

Mineralized - No significant intercepts

129.8

-39.6

NA


PPCH-013

DDS 1

173.5

175.0

1.5

0.30

0.45

129.6

-44.6

1,601.8


PPCH-014

DDS 1

182.0

186.0

4.0

0.43

1.72

128.4

-49.8

1,621.0


PPCH-015

DDS 1

183.8

185.8

2.0

0.23

0.46

127.2

-55.1

1,631.3


290.2

294.7

4.5

0.58

2.61

1,720.6


339.2

340.7

1.5

0.24

0.36

1,758.3


PPCH-016

DDS 1

1.4

3.4

2.0

0.35

0.70

127.4

-59.5

1,481.9


206.7

211.2

4.5

1.88

8.46

1,660.9


214.2

221.7

7.5

0.40

3.00

1,669.9


226.7

234.2

7.5

0.32

2.40

1,680.7


248.7

250.2

1.5

0.34

0.51

1,694.5


257.2

261.2

4.0

0.33

1.32

1,703.9


279.2

281.7

2.5

0.29

0.73

1,721.6


302.7

308.2

5.5

0.97

5.34

1,744.4


324.1

327.6

3.5

0.82

2.87

1,747.6


PPCH-017

DDS 1

18.5

21.5

3.0

0.58

1.74

146.3

-17.0

1,485.3


PPCH-018

DDS 1

18.7

20.3

1.6

0.29

0.46

146.7

-25.3

1,487.7


PPCH-019

DDS 1

Mineralized - No significant intercepts

145.4

-33.9

NA


PPCH-020

DDS 1

197.5

200.2

2.7

0.51

1.38

145.5

-37.9

1,602.1


215.0

216.0

1.0

0.29

0.29

1,611.8


PPCH-021

DDS 1

251.7

255.7

4.0

0.63

2.52

145.0

-43.6

1,655.2


PPCH-022

DDS 1

229.1

240.6

11.5

0.27

3.11

143.0

-48.8

1,660.1


PPCH-023

DDS 1

197.5

200.2

2.7

0.51

1.38

144.8

-54.7

1,642.5


215.0

216.0

1.0

0.29

0.29

1,655.4


PPCH-024

DDS 1

Unable to Probe Hole - Collected Core

146.5

-59.3

NA


PPCH-025

DDS 1

18.5

20.5

2.0

0.34

0.68

162.5

-14.8

1,484.2


PPCH-026

DDS 1

Not Drilled


PPCH-026

DDS 1

Mineralized - No significant intercepts

162.4

-34.5

NA


PPCH-028

DDS 1

192.7

206.1

13.4

7.02

94.07

162.3

-39.4

1,609.9


PPCH-029

DDS 1

71.3

72.8

1.5

1.50

2.25

162.8

-44.0

1,529.6


199.7

207.2

7.5

7.50

56.25

1,623.0


PPCH-030

DDS 1

0.4

1.9

1.5

0.47

0.71

162.3

-49.1

1,480.4


212.7

218.2

5.5

0.72

3.96

1,643.9


PPCH-031

DDS 1

0.4

3.4

3.0

0.54

1.62

161.1

-53.9

1,481.7


316.7

318.7

2.0

0.98

1.96

1,736.4


PPCH-032

DDS 1

0.5

3.5

3.0

0.51

1.53

161.1

-60.4

1,482.0


317.8

319.8

2.0

1.01

2.02

1,757.1


331.2

336.2

5.0

0.65

3.25

1,771.3


PPCH-033

DDS 2

163.6

172.9

9.3

2.02

18.79

57.7

-48.3

1,622.0


PPCH-034

DDS 2

142.0

159.5

17.5

5.70

99.75

58.6

-53.4

1,621.1


184.0

186.5

2.5

0.51

1.28

1,642.7


213.0

224.0

11.0

0.56

6.16

1,672.8


PPCH-035

DDS 2

121.5

126.5

5.0

5.15

25.75

57.8

-57.9

1,600.1


135.0

148.0

13.0

0.58

7.54

1,618.3


168.0

174.5

6.5

1.67

10.86

1,640.8


274.9

276.4

1.5

0.51

0.77

1,727.1


292.9

303.4

10.5

0.58

6.09

1,750.0


PPCH-036

DDS 2

131.1

138.6

7.5

3.17

23.78

58.5

-63.8

1,604.3


150.6

154.1

3.5

0.42

1.47

1,616.7


181.5

185.5

4.0

1.08

4.32

1,641.9


PPCH-037

DDS 2

210.6

213.2

2.6

0.28

0.73

73.4

-47.7

1,650.7


230.2

232.9

2.7

0.30

0.81

1,665.3


243.7

246.4

2.7

0.28

0.76

1,675.3


303.7

306.4

2.7

0.73

1.97

1,719.6


PPCH-038

DDS2

279.0

291.6

12.6

0.52

6.55

73.3

-52.9

1,725.5


306.0

309.2

3.2

0.59

1.89

1,739.5


PPCH-039

DDS 2

Mineralized - No significant intercepts

71.9

-58.1

NA


PPCH-040

DDS 2

100.1

101.1

1.0

0.38

0.38

71.8

-62.9

1,583.0


114.1

117.6

3.5

0.80

2.80

1,597.7


132.1

142.6

10.5

0.98

10.29

1,620.0


PPCH-041

DDS 2

297.0

299.0

2.0

0.30

0.60

86.6

-53.1

1,732.2


309.0

313.5

4.5

0.35

1.58

1,743.8


330.4

334.9

4.5

0.35

1.58

1,760.9


PPCH-042

DDS 2

368.3

369.5

1.2

0.29

0.35

84.9

-58.1

1,806.8


PPCH-043

DDS 2

98.7

100.2

1.5

0.51

0.77

84.1

-62.7

1,582.0


127.2

138.2

11.0

1.89

20.79

1,615.8


154.7

158.7

4.0

0.92

3.68

1,634.0


PPCH-044

Not Drilled


PPCH-045

Not Drilled


PPCH-046

DDS 1

5.5

7.0

1.5

0.81

1.22

178.0

5.2

1,478.4


19.5

24.0

4.5

0.98

4.41

1,476.8


PPCH-047

DDS 1

26.5

30.0

3.5

0.79

2.77

199.0

6.3

1,475.7


119.0

127.5

8.5

0.29

2.47

1,464.9


PPCH-048

Not Drilled


PPCH-049

Not Drilled


PPCH-050

DDS 2

130.6

151.1

20.5

3.52

72.16

63.8

-57.4

1,620.3


PPCH-051

DDS 2

110.1

112.6

2.5

0.65

1.63

94.7

-66.2

1,596.0


125.6

134.1

8.5

4.47

38.00

1,615.7


PPCH-052

DDS 2

99.1

100.6

1.5

0.58

0.87

99.1

-63.4

1,583.0


112.1

115.1

3.0

0.49

1.47

1,595.9


127.6

137.6

10.0

5.60

56.00

1,616.1


170.0

171.5

1.5

0.32

0.48

1,646.4


352.9

362.9

10.0

0.97

9.70

1,817.6


PPCH-053

DDS 2

115.6

116.6

1.0

0.32

0.32

110.6

-63.5

1,597.3


178.0

182.5

4.5

6.88

30.96

1,656.3


197.5

210.5

13.0

0.42

5.46

1,681.3


216.0

226.5

10.5

0.84

8.82

1,695.7


265.0

266.5

1.5

0.34

0.51

1,731.4


282.0

297.0

15.0

0.63

9.45

1,758.7


304.0

322.4

18.4

1.77

32.57

1,781.5


344.4

346.4

2.0

0.32

0.64

1,802.9


PPCH-054

DDS 2

251.0

257.5

6.5

0.97

6.31

107.5

-72.4

1,738.4


272.5

275.5

3.0

0.57

1.71

1,755.5


301.5

304.0

2.5

0.58

1.45

1,782.7
















Notes:

1)

The Company installed two development drill stations ("DDS") to advance drilling in the Juniper Zone. DDS 1 is located 1,479 ft below ground surface and DDS 2 is located 1,493 ft below ground surface.

2)

Mineralized intercepts are those bounded by 0.2% eU3O8 or greater and average a minimum of 0.2% eU3O8 over the entire interval.

3)

All drill holes were logged with calibrated Mt. Sopris gamma probes owned or rented by the Company. All probes were calibrated at the U.S. Department of Energy test pits in Grand Junction, CO. Equivalent U3O8 grades ("eU3O8") are calculated indirect readings of contained in-situ uranium based on gamma radiation emitted by uranium daughter products.

4)

Grade x Thickness ("GT") is calculated using the %eU3O8 grade and intercept length.

5)

A hole with 0 dip is horizontal, negative dip is a down hole (-90 is down vertical), positive dip is an up hole (+90 is up vertical).

6)

Depth below surface is the depth in feet below the collar of the shaft (6,505 ft) to the bottom of the bottom of the drill intercept.

Cision View original content to download multimedia:

SOURCE Energy Fuels Inc.

FAQ

What was Energy Fuels' (UUUU) uranium production at Pinyon Plain Mine in April 2025?

Energy Fuels produced 151,400 pounds of U3O8 from 4,604 tons of ore with an average grade of 1.64% at Pinyon Plain Mine in April 2025.

What were the highest-grade uranium intercepts found in UUUU's Juniper Zone drilling?

The highest-grade intercept was 20.11% eU3O8 over 4.0 feet, within a broader zone of 17.5 feet averaging 5.70% eU3O8 in hole PPCH-034.

How many drill holes were completed in Energy Fuels' Juniper Zone program?

Energy Fuels completed 49 core holes in the Juniper Zone drilling program from two underground drill stations.

What is the current resource estimate for UUUU's Juniper Zone at Pinyon Plain?

The Juniper Zone has an Indicated Mineral Resource of 703,000 pounds of U3O8 at an average grade of 0.95% contained in 37,000 tons, plus a small amount of Inferred Resources.

When will Energy Fuels (UUUU) release an updated technical report for Pinyon Plain Mine?

Energy Fuels plans to release an updated technical report for the Pinyon Plain Mine later in 2025.
Energy Fuels

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Uranium
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