$EFR.TO

Energy Fuels Up 16% In U.S. Pre-Market On Conditional U.S. Government Support to Speed-Up Growth in Rare Earths and Critical Materials

U.S.-listed shares of Energy Fuels (EFR.TO, UUUU) rose 16% on Thursday after it received conditional commitment for up to $725 million of senior-secured debt from U.S. Office of Strategic Capital (OSC) to support expansion of U.S. rare earths and critical materials production and processing capabilities.The OSC would extend the loan with a tenor of 20 years to support the planned expansion of its critical minerals processing capabilities at its White Mesa Mill in Utah as well as a planned rare earth metals and alloy facility to be constructed in the United States, subject to some terms. Shares were last seen up $2.5 at $17.79 in US pre-market trade.Proceeds from the finalized financing will be used to support eligible project development, processing capacity, supply chain integration, working capital and other strategic priorities, consistent with the terms of the applicable financing arrangements, it said.Shares of the company closed up 0.4% to $21.62 on Wednesday on the Toronto Stock Exchange.

TSX Closer: The Index Posts a Fresh Record Close; Morningstar On Best- and Worst-Performing Canada Stocks

The resources-heavy Toronto Stock Exchange closed at a fresh record high on Tuesday, boosted by higher commodity prices and confidence the equity market fundamentals in place for most of the last two months will continue.The S&P/TSX Composite Index closed up 434.57 points, or 1.25%, to 35,169.46, with most sectors higher. The prior record close of 34,830 was set on May 25.The index was led higher by Base Metals, up 4%, followed by the Battery Metals Index, up 2.7%, and then Energy, up 2.4%. In contrast, Health Care was down 1.2% and Telecom down near 0.75%.According to FactSet the TSX was, going in to today, up 10.91% from its 2026 closing low of 31,317.41 hit Friday, March 20, and year to date up 3,022.13 points or 9.53%.Morningstar Canada published a note entitled 'Best- and Worst-Performing Canadian Stocks' in which it notes The Morningstar Canada Large-Mid Cap Index rose 2.35% in May, amid a rally in the communication-services sector. The index tracks the top 90% of the Canadian investable universe by market cap, and each month, Morningstar screens it for the best- and worst-performing companies.Among the best performing stocks of May 2026, Morningstar cited Capstone Copper (CS.TO), HudBay Minerals (HBM.TO), First Quantum Minerals (FM.TO), Air Canada (AC.TO) and Lundin Mining (LUN.TO).Among the worst performing stocks of May 2026, it cited Stantec (STN.TO), GFL Environmental (GFL.TO), Element Fleet Management (EFN.TO), Energy Fuels (EFR.TO) and WSP Global (WSP.TO).Of commodities, gold was higher late afternoon Tuesday, but fell back from early highs as the dollar rose. Gold for July delivery was last seen up US$11.30 to US$4,517.60 per ounce, after earlier touching $4,571.30.Also, West Texas Intermediate crude oil closed higher, rising off session lows following reports Iran is considering a new U.S. peace deal to end the war, a day after prices surged after the two sides appeared to be on the brink of resuming hostilities. WTI crude oil for July delivery closed up $1.60 to settle at US$93.76 per barrel, after earlier touching US$90.12. August Brent oil was up US$1.01 to US$95.99.

Energy Fuels Cites "Robust" Balance Sheet with Over US$950M of Liquidity; Guidance Unchanged

Energy Fuels Incurred Net Loss of US$10.8M ($0.04 per share) In Q1, a "Substantial Improvement" From Last Year's Q1 Net Loss of $26.3M ($0.13 per share)

Energy Fuels Names New CEO; Shares Up 2.7% In US Premarket

Energy Fuels (EFR.TO) was at last look up 2.7% in US premarket on Wednesday after saying it had appointed Ross Bhappu as its chief executive officer, already effective.Bhappu had served as president of Energy Fuels since August 2025. Bhappu succeeds Mark Chalmers, who is retiring.Following his retirement, Chalmers will serve as an exclusive uranium and rare earth consultant to the company for a two-year period.Shares in Energy Fuels gained 6.8% in Canada and 7.5% in the U.S. yesterday.