Energy Fuels Posts $52.4M Q3 Loss as ASM Closes, VAC Deal Nears
DENVER – November 04, 2026 -- Energy Fuels reported a third-quarter net loss of $52.4 million ($0.20 per share) on revenue of $29.2 million, as $35.3 million of non-cash mark-to-market losses on its securities portfolio outweighed a profitable uranium segment. The company closed its acquisition of Australian Strategic Materials (ASM) in August and expects to close the Vacuumschmelze (VAC) deal in early 2027.
Uranium prices rise for a third straight quarter
Energy Fuels sold 320,000 pounds of U3O8 at a weighted average realized price of $88.90 per pound, generating $28.4 million in uranium revenue. Long-term contracts accounted for 270,000 pounds at $88.79 per pound ($24.0 million). Spot sales totaled 50,000 pounds at $89.50 per pound ($4.5 million). The realized price rose 10% from Q2 and 27% from Q1, while operating costs per pound and cost of goods sold held steady. The uranium segment was profitable for the third consecutive quarter.