$UUUU

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.

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks advanced Thursday afternoon with the NYSE Energy Sector Index rising 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.5%.The Philadelphia Oil Service Sector Index gained 0.5%, and the Dow Jones US Utilities Index climbed 0.2%.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 4% to $94.95 a barrel, and global benchmark Brent jumped 5% to $99.64 a barrel.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.Henry Hub natural gas futures rose 1.1% to $2.64 per 1 million BTU.In corporate news, TotalEnergies (TTE) shares climbed 4.5% 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 4.6%.Energy Fuels (UUUU) appointed President Ross Bhappu as CEO on Wednesday, succeeding Mark Chalmers, who is retiring from the top job. Energy Fuels shares rose 1.2%.

Energy Fuels Appoints Ross Bhappu CEO

Energy Fuels (UUUU) said Wednesday it appointed President Ross R. Bhappu as its chief executive.Bhappu succeeds Mark S. Chalmers, who is retiring as Energy Fuels' CEO, the critical materials company said, adding that the retiring CEO has agreed to serve as exclusive uranium and rare earth consultant for two years.Shares of the company were up 2.6% in Thursday premarket activity.

President Capital Upgrades Energy Fuels to Buy From Neutral, Price Target is $24.60

Energy Fuels (UUUU) has an average rating of buy and mean price target of $27.44, according to analysts polled by FactSet.