Energy Fuels Inc., a leading U.S. producer of uranium and rare earth elements, has released its financial results for the second quarter ended June 30, 2025. The company reported total revenues of $4.21 million, a decline from $8.72 million in the same period of 2024. This decrease was primarily due to lower uranium concentrates revenues, which fell to $3.85 million from $8.59 million in the previous year. Meanwhile, heavy mineral sands revenues contributed $278,000, compared to no revenue from this segment in the previous year. Despite the reduction in total revenues, Energy Fuels reported a net loss of $21.81 million for Q2-2025, equivalent to a loss of $0.10 per common share. This marks an improvement from Q1-2025, where the company incurred a net loss of $26.32 million or $0.13 per share. The company highlighted record-breaking performance at its U.S. uranium mine, which is expected to drive lower-cost U3O8 production. Additionally, Energy Fuels made advancements in its rare earth element and heavy mineral sands projects, including the receipt of final major regulatory approval for the Donald Project and progress in heavy rare earth oxide separations. Energy Fuels remains focused on strengthening its balance sheet and improving financial results, with a significant improvement in the rare earth element pricing environment contributing positively to its outlook.