Energy Fuels Inc. shares rose more than 6% during May 21 and 22, 2026. The stock closed at $17.86 as the broader uranium sector rebounded from a recent selloff.
Regional flooding in northern Saskatchewan forced production halts at Cameco’s Key Lake mill and McArthur River mine. Investors identified Energy Fuels as a primary North American supply alternative following these disruptions.
The company remains the only U.S. operator mining uranium and separating rare earth elements at commercial scale. Energy Fuels set production targets between 2 and 2.5 million pounds for 2026.