Why Energy Fuels Stock Is Rocketing Higher Today

Energy Fuels stock surged 8.43% after announcing a conditional $725 million financing commitment from the Department of Defense to expand its critical minerals and rare-earth elements processing capabilities at its White Mesa Mill in Utah. The company plans to begin commercial production of separated neodymium-praseodymium and heavy rare-earth elements in July. However, analysts caution that the company remains unprofitable, making it a higher-risk speculative investment.