$UUUU

Energy Fuels Says Heavy Rare Earth Facility Under Construction in Utah

Energy Fuels (UUUU) said Wednesday it has started construction on an expansion of its White Mesa Mill facility in Utah for commercial-scale production of heavy rare earth oxides.The materials will be used by Energy Fuels to produce rare earth metals, alloys and magnets for automotive, robotics, data center, and energy and defense clients, the company said.The expansion project will have a capital expenditure of about $104 million, the company said, adding the amount is expected to be backed in large part by government grants and loans.Price: $11.33, Change: $-0.01, Percent Change: -0.04%

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks rose late Tuesday afternoon with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index eased 0.1%, and the Dow Jones US Utilities Index gained 0.9%.West Texas Intermediate crude oil fell 0.7% to $73.31 a barrel, and global benchmark Brent declined 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3.2% to $3.15 per 1 million BTU.In corporate news, the US Supreme Court reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated after Fidel Castro seized of power in 1959. Exxon shares rose 1.2%.Petrobras (PBR) signed a memorandum of understanding with Petroleos Mexicanos to cooperate in areas of exploration and production, and industrial processes. Petrobras shares were little changed.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms. Constellation shares fell 1.6%.Energy Fuels (UUUU) agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of $1.9 billion. Energy Fuels shares fell 3.9%.

Sector Update: Energy Stocks Higher Tuesday Afternoon

Energy stocks rose Tuesday afternoon, with the NYSE Energy Sector Index increasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was rising 0.4%, and the Dow Jones US Utilities Index was up 0.7%.Front-month West Texas Intermediate crude oil decreased 0.8% to $73.23 a barrel, and the global benchmark Brent crude contract fell 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3% to $3.16 per 1 million BTU.In sector news, the Strait of Hormuz will remain open "with no further naval blockade," and Iran has agreed to the "highest level nuclear inspections," Al Jazeera cited US President Donald Trump as saying. Tehran has no plans to allow international inspections of its nuclear facilities, the Middle East news agency cited Iran's Foreign Affairs Ministry spokesman Esmaeil Baghaei as saying.Separately, the Trump administration is expected to announce a new deal Tuesday through which the Department of Energy will make available low-interest loans amounting to $17.5 billion for utilities to finance equipment orders for Westinghouse Electric's flagship nuclear reactor, The Wall Street Journal reported, citing the Energy Department and comments from Energy Secretary Chris Wright.The US and Qatar have warned that the EU could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.In corporate news, the US Supreme Court on Tuesday reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated following Fidel Castro's seizure of power in 1959. Exxon shares rose 1.2%.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms, the companies said Tuesday. Constellation shares were shedding 0.2%.Energy Fuels (UUUU) said Tuesday it agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of about $1.9 billion. Energy Fuels shares were down 2%.

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday as AI Spending Concerns Weigh on Technology Shares

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 1.4%, and the actively traded Invesco QQQ Trust (QQQ) retreated 3% in recent Tuesday premarket activity, amid a broad technology selloff fueled by concerns over borrowing costs and heavy spending on artificial intelligence infrastructure.US stock futures were also lower, with S&P 500 Index futures down 1.4%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 3% before the start of regular trading.The S&P Global flash readings for June manufacturing and services conditions are due to be released at 9:45 am ET.The state-level unemployment data for May and the Richmond Fed's services and manufacturing readings for June will be released at 10:00 am ET.In premarket action, bitcoin was down by 4.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 3.4% lower, Ether ETF (EETH) retreated by 5.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 3.8%, and the iShares US Technology ETF (IYW) was 3.5% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 3.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 5.8%, while the iShares Semiconductor ETF (SOXX) fell by 7%.International Business Machines (IBM) shares were up more than 4% in recent premarket activity after the company said it joined the OpenAI Daybreak Cyber Partner program.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was down 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) retreated by 1.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.Robinhood Markets (HOOD) shares traded down 5.6% in early hours activity after the online investment platform priced a private $2 billion offering of non-interest-bearing senior convertible notes, due Oct. 1, 2029.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 1.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was gaining by 0.2%, and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.9%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.6%.Tesla (TSLA) shares were down 2.7% pre-bell, following a 1.1% gain at the previous day's close. NatPower said it has signed a multiyear supply and execution deal with Tesla for more than 25 gigawatt-hours of battery energy storage systems in Italy and the UK.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.7%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) was up 2%. The iShares Biotechnology ETF (IBB) was down 0.7%.Natera (NTRA) stock was down more than 2% premarket, extending the 1.1% decline at the prior close. The company said it has received a Category 1 recommendation from the National Comprehensive Cancer Network for Signatera-guided adjuvant atezolizumab treatment in patients with muscle-invasive bladder cancer.EnergyThe iShares US Energy ETF (IYE) was down 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Energy Fuels (UUUU) stock was down more than 2% before market open after the company agreed to acquire Germany's Vaccumschmelze and associated business and subsidiaries from Ara Partners for $1.9 billion in cash and stock.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) declined by 1.2%, while the Vanguard Industrials Index Fund (VIS) was up less than 0.1% and the iShares US Industrials ETF (IYJ) was flat.A. O. Smith (AOS) stock little changed before the opening bell. The company said its board has elected Stephen Shafer, president and chief executive officer, as chairman, effective July 1, after Executive Chairman Kevin Wheeler retires.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.3% to $73.60 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.6% to $3.20 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1%, while the United States Natural Gas Fund (UNG) was 1.5% lower.Gold futures for July were down by 1.6% to $4,134.70 an ounce on the Comex. Silver futures retreated by 5.1% to $62.21 an ounce. SPDR Gold Shares (GLD) declined by 2%, and the iShares Silver Trust (SLV) was 4.9% lower.

Energy Fuels to Acquire Vacuumschmelze, Associated Firms From Ara Partners for $1.9 Billion

Energy Fuels (UUUU) has agreed to acquire Germany's Vaccumschmelze and associated business and subsidiaries from Ara Partners for $1.9 billion in cash and stock, the company said Tuesday.The deal consists of $718 million in cash and 65.9 million newly issued Energy Fuels shares, the company said.Vacuumschmelze is a magnetics company which also operates a facility in South Carolina, with capacity to produce 2,000 metric tons of permanent magnets per year, the company said.Following completion of the deal, Vacuumschmelze will become a wholly owned subsidiary of Energy Fuels while retaining its branding and German headquarters, the company said.The deal is expected to be accretive to Energy Fuels' earnings and cash flow, the company said.

Energy Fuels to Acquire Germany's Vacuumschmelze From Ara Partners for $1.9 billion in Cash, Stock

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.7%.The Philadelphia Oil Service Sector Index shed 3.3%, and the Dow Jones US Utilities Index added 0.2%.Front-month West Texas Intermediate crude oil rose 0.1% to $76.86 a barrel, and the global benchmark Brent crude contract added 0.1% to $79.62 a barrel. Henry Hub natural gas futures gained 2.5% to $3.22 per 1 million BTU.US natural gas stocks rose 73 billion cubic feet in the week ended June 12, below the 76 billion rise expected in a Bloomberg survey, and following an increase of 108 billion cubic feet in the previous week.In corporate news, New Fortress Energy (NFE) shares fell 13%. The firm said Thursday the UK restructuring plan between its subsidiaries and some creditors was approved at a hearing in the High Court of Justice of England and Wales.Energy Fuels (UUUU) shares jumped more than 6% after the company said Thursday it obtained a conditional $725 million senior-secured debt commitment from the US Office of Strategic Capital.Energy Transfer (ET) said it is expanding its Nederland, Texas NGL export terminal, adding 240,000 bpd of ethane capacity and 55,000 bpd of LPG capacity, with all ethane volumes committed under long-term contracts into the 2040s. Its shares were fractionally lower.Double Eagle Energy said Thursday that it has no interest in a publicly proposed arrangement that would see principal John Sellers serve as chairman of Fermi Inc. (FRMI), operating as Fermi America. Fermi shares climbed past 6%.

Sector Update: Energy

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.7%.The Philadelphia Oil Service Sector Index shed 3.3%, and the Dow Jones US Utilities Index added 0.2%.Front-month West Texas Intermediate crude oil was little changed at $76.81 a barrel, and the global benchmark Brent crude contract added 0.1% to $79.63 a barrel. Henry Hub natural gas futures rose 2.4% to $3.22 per 1 million BTU.In corporate news, Energy Fuels (UUUU) shares jumped 6% after the company said Thursday it obtained a conditional $725 million senior-secured debt commitment from the US Office of Strategic Capital.

Energy Fuels Secures $725 Million Conditional Financing Commitment From Government

Energy Fuels (UUUU) said Thursday it obtained a conditional $725 million senior-secured debt commitment from the US Office of Strategic Capital.The potential 20-year loan will fund the expansion of critical mineral processing at its Utah mill and the construction of a domestic rare earth metal plant, the company said.The company intends to combine its manufacturing operations with the pending acquisition of Australian Strategic Materials to establish supply chains for defense and technology industries, it said.The capital will support project development, infrastructure capacity, supply chain integration, and corporate working capital, Energy Fuels said.Shares of the company were up by over 17% in Thursday premarket activity.

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks fell late Thursday afternoon, with the NYSE Energy Sector Index down 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.6%.The Philadelphia Oil Service Sector Index was rising 0.7%, and the Dow Jones US Utilities Index was up 0.8%.President Donald Trump said Thursday on Truth Social he has cancelled previously announced strikes on Iran tonight as "final points" of a deal have been, "in both concept and great detail, approved by all parties involved." He said the time and place of a deal signing between the nations will "be announced shortly."Front-month West Texas Intermediate crude oil fell 4.2% to $86.23 a barrel, and the global benchmark Brent crude contract dropped 4.6% to $88.82 a barrel. Henry Hub natural gas futures shed 3.3% to $3.08 per 1 million BTU.In sector news, the Organization of the Petroleum Exporting Countries on Thursday lowered its global oil demand growth forecast for this year but raised its expectations for 2027. The cartel now expects oil consumption to rise by 970,000 barrels a day this year, down from its prior estimate that called for an increase of 1.17 million barrels. For 2027, OPEC now expects world oil demand to rise by 1.73 million barrels a day, compared with its last month's forecast of a 1.54 million-barrel increase.In corporate news, BP (BP) should provide clarity on its medium-term growth targets and balance sheet goals amid the ongoing boardroom drama with the recent removal of Chair Albert Manifold, RBC Capital Markets said in a note. BP shares were down 0.6%.Oklo (OKLO) shares jumped 7% after it said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.Energy Fuels (UUUU) shares surged 10% after the company said it expects finished uranium production at its White Mesa Mill to reach about 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.Black Hills' (BKH) pending merger with NorthWestern Energy (NWE) has an underappreciated strategic value as the combination will likely offer larger scale, stronger balance sheet, and wider jurisdictional diversity, BofA said in a note. BofA upgraded Black Hills to buy from neutral and increased the company's price target to $78 from $76. Black Hills shares rose 0.3%.

Sector Update: Energy Stocks Mixed Thursday Afternoon

Energy stocks were mixed Thursday afternoon, with the NYSE Energy Sector Index adding 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index was rising 0.4%, and the Dow Jones US Utilities Index was up 0.5%.Front-month West Texas Intermediate crude oil rose 0.4% to $90.36 a barrel, and the global benchmark Brent crude contract was 0.2% lower at $92.96 a barrel. Henry Hub natural gas futures fell 3.1% to $3.09 per 1 million BTU.In sector news, the US will hit Iran with an attack "VERY HARD TONIGHT," and it will take control of the Kharg Island sometime in the "not too distant future," President Donald Trump said Thursday on a Truth Social post. The island is, reportedly, the gateway for a vast majority of Iran's crude oil exports. Iran's Foreign Ministry has condemned the recent US strikes on the country, saying that it has rendered the ceasefire "practically meaningless," the Associated Press reported Thursday.Separately, the Organization of the Petroleum Exporting Countries on Thursday lowered its global oil demand growth forecast for this year but raised its expectations for 2027. The cartel now expects oil consumption to rise by 970,000 barrels a day this year, down from its prior estimate that called for an increase of 1.17 million barrels. For 2027, OPEC now expects world oil demand to rise by 1.73 million barrels a day, compared with its last month's forecast of a 1.54 million-barrel increase.In corporate news, Oklo (OKLO) shares gained 4.4% after it said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.Energy Fuels (UUUU) shares jumped past 6% after the company said it expects finished uranium production at its White Mesa Mill to reach about 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.BP (BP) said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract. Shares added 0.4%.

Sector Update: Energy Stocks Mostly Higher Pre-Bell Thursday

Energy stocks were mostly higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.6%.The United States Oil Fund (USO) was up 0.1%, while the United States Natural Gas Fund (UNG) was 1.5% lower.Front-month US West Texas Intermediate crude oil was up 0.5% to $90.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.2% to $93.26 per barrel, and natural gas futures were 1.7% lower at $3.13 per 1 million British Thermal Units.BP (BP) stock was up more than 2% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.Energy Fuels (UUUU) shares rose 3.2% after the company said it expects finished uranium production at its White Mesa Mill to reach approximately 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.Expro (XPRO) shares gained 1.3% pre-bell after the company said it signed a two-year contract with a major operator in the United Arab Emirates to provide testing and flowback services for unconventional wells.

Energy Fuels Expects to Meet Lower End of Full-Year Uranium Production Guidance by June 30

Energy Fuels (UUUU) expects finished uranium production at its White Mesa Mill to reach approximately 1.6 million pounds by June 30, which would be already within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8, the company said Thursday.The company reported average monthly production of more than 265,000 pounds of U3O8 from ores mined in US, including the Pinyon Plain Mine in Arizona and the La Sal Complex in Utah.Energy Fuels plans to complete its current uranium ore processing campaign at the White Mesa Mill by the end of June to rebuild ore stockpiles and to resume processing in Q4.Starting in July, Energy Fuels plans further modifications to the mill's existing phase 1 rare earth elements circuits, with upgrades are expected to enable commercial production of heavy rare earth elements, including samarium, europium, gadolinium, terbium and dysprosium. The modifications are also expected to include a circuit for processing certain uranium-bearing mixed rare earth carbonates sourced from rare earth mines globally, the company said.Energy Fuels said it expects to mine around 750,000 to 850,000 pounds of contained U3O8 in ore during the H1.Energy Fuels said mining, processing and transportation costs at the Pinyon Plain mine continue to range from $23 to $30 per pound, while uranium processing costs at the White Mesa Mill range from $9 to $12 per pound of U3O8. The company said it expects its cost of sales to decline this year.Shares of Energy Fuels were up more than 4% in Thursday pre-bell activity.

Update: Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

(Updates to add US Department of Defense response in fourth paragraph.)Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.92, Percent Change: -9.66%

Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.93, Percent Change: -9.67%

Energy Fuels Q1 Loss Narrows, Revenue Rises

Energy Fuels (UUUU) reported a Q1 loss late Wednesday of $0.04 per diluted share, narrowing from a loss of $0.13 a year earlier.Analysts surveyed by FactSet expected a loss of $0.03.Revenue for the three months ended March 31 was $35.8 million, up from $16.9 million a year earlier.Analysts polled by FactSet expected $31.3 million.

Earnings Flash (UUUU) Energy Fuels Posts Q1 Revenue $35.8 Million, vs. FactSet Est of $31.3 Million

Earnings Flash (UUUU) Energy Fuels Posts Q1 EPS -$0.04

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks rose late Thursday afternoon, with the NYSE Energy Sector Index climbing 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index increased 0.4%, and the Dow Jones US Utilities Index was up 0.6%.In sector news, it will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.West Texas Intermediate crude oil rose 2.4% to $93.46 a barrel, and global benchmark Brent gained 3.4% to $98.19 a barrel. Henry Hub natural gas futures rose 2.2% to $2.67 per 1 million BTU.US natural gas stocks rose by 59 billion cubic feet in the week ended Friday, as expected in a survey compiled by Bloomberg, and following an increase of 50 billion in the previous week.In corporate news, TotalEnergies (TTE) shares climbed 4.3% after the company said Q1 exploration and production results are expected to rise significantly, backed by higher oil prices and contributions from new projects.Equinor (EQNR) said it expects stronger Q1 results in its marketing, midstream, and processing division. The stock rose 4%.Energy Fuels (UUUU) appointed President Ross Bhappu as CEO on Wednesday, succeeding Mark Chalmers, who is retiring from the top job. Energy Fuels shares shed 0.5%.York Water (YORW) shares fell 2.7% after it said Thursday it priced an underwritten public offering of about 1.5 million common shares at $28.50 per share, for estimated gross proceeds of about $43 million.