On June 18, Energy Fuels rose 17.68% in regular trading, trading at $16.53/share, with turnover of approximately $101 million.

On the news front, the U.S. Department of Defense signed a $725 million conditional loan agreement with Energy Fuels. The 20-year loan will fund the expansion of critical mineral processing capabilities at the company's White Mesa Mill in Utah and support the construction of rare earth metal and alloy production facilities within the United States, directly bolstering domestic industrial and defense supply chains.

Multiple tailwinds converged to propel the stock. An independent expert review reaffirmed that Energy Fuels' proposed acquisition of Australian Strategic Materials is fair and in shareholders' best interests, with the board unanimously recommending approval. Additionally, the company previously disclosed that finished uranium production at White Mesa is expected to reach approximately 1.6 million pounds by June 30, already hitting the lower end of its full-year guidance range of 1.5 to 2.0 million pounds.

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