Energy
Energy Fuels Inc. (TSX: EFR) Reports Record Uranium Mining Output and High-Grade Drill Results at Pinyon Plain Mine
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Highlights
Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) announced record uranium production levels at its Pinyon Plain mine in Arizona during April 2025, with new underground drilling results also revealing multiple high-grade intercepts. The company extracted 4,604 tons of uranium-bearing ore during the month, averaging 1.64% eU₃O₈, which equates to roughly 151,400 pounds of uranium. This represents the highest monthly production since operations began at the site, and ore grades continue to exceed expectations based on earlier gamma probe readings.
The mine, previously known as the Arizona 1 Mine, is considered one of the highest-grade uranium mines in U.S. history. Energy Fuels suggests that current ore grades are significantly higher than estimates outlined in its February 2023 Pre-Feasibility Study (PFS), which could result in a larger total uranium yield from the Main Zone than initially forecast under S-K 1300 and NI 43-101 reporting standards.
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