Energy Fuels Q2 2025: Revenue $4.2 m, Loss $21.8 m, Cash $198 m

Q: How much revenue did Energy Fuels (UUUU) generate in Q2-25?

The company reported $4.2 million in revenue for the three months ended June 30 2025, down 52% year-over-year.

Q: What was Energy Fuels' net loss and EPS for the quarter?

Net loss totaled $21.8 million , translating to -$0.10 per share (basic and diluted).

Q: What is the company鈥檚 current liquidity position?

As of June 30 2025, Energy Fuels held $71.5 m in cash and $134.4 m in marketable securities, for about $198 m of liquid assets.

Q: Why did SG&A expenses rise sharply year-over-year?

SG&A increased to $14.8 m mainly due to costs tied to integrating the Base Resources acquisition and scaling rare-earth/heavy-mineral operations.

Q: How much could Energy Fuels invest in the Donald Project JV?

The JV agreements allow up to AUD 183 million (鈮�$120 m) to earn a 49% stake; the company has funded about $18.7 m and holds 6.6% to date.

Q: What dilution occurred through the at-the-market program?

Energy Fuels issued 30.4 million shares in H1-25, raising $152 m and increasing total shares outstanding to 229.4 million .

[8-K] Stabilis Solutions, Inc. Reports Material Event

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Energy Fuels (UUUU) Q2-25 10-Q highlights

Revenue fell 52% YoY to $4.2 m (H1-25 $21.1 m 鈻�38%). Uranium sales paused and rare-earth carbonate/NdPr volumes remained modest.
Costs surged: exploration & processing up 272% to $9.3 m; SG&A more than doubled to $14.8 m on integration of Base Resources (acquired Oct-24) and expanded REE/HMS activities.
Operating loss widened to $26.2 m (-$9.0 m p/y); net loss $21.8 m (-$0.10/sh). Six-month net loss reached $48.2 m.
Liquidity strengthened: cash $71.5 m and current marketable securities $126.4 m (鈻�$78.4 m vs YE-24) after raising $152 m via at-the-market equity.
Balance sheet shows $644.8 m equity (鈻�$113 m YTD); shares outstanding up 15% to 229.4 m.
Strategic moves: (1) integration of Base Resources adds the Toliara (Madagascar) & Kwale (Kenya) HMS/REE projects; (2) AUD 183 m Donald JV in Australia鈥擡nergy Fuels holds 6.6% after initial $18.7 m spend; (3) acquisition of RadTran brings radio-isotope IP for targeted alpha therapy.
Operations: Pinyon Plain, La Sal & Pandora uranium mines in production; Phase-1 REE separation circuit at White Mesa Mill commissioned Oct-24 and first NdPr sales booked; H1-25 cap-ex $18 m (mineral properties $11.9 m, PPE $6.0 m).
Cash burn: operating cash outflow 鈭�$44.8 m; investing 鈭�$75.2 m, largely securities purchases & project spend.

Key takeaways: The company now holds nearly $200 m in cash & liquid securities to fund rare-earth and HMS expansion but faces sharply higher losses and ongoing dilution while new projects advance toward final investment decisions.

Energy Fuels (UUUU) evidenze Q2-25 10-Q

I ricavi sono diminuiti del 52% su base annua a 4,2 milioni di $ (H1-25 21,1 milioni di $ 鈻�38%). Le vendite di uranio sono state sospese e i volumi di carbonato di terre rare/NdPr sono rimasti modesti.
I costi sono aumentati: esplorazione e lavorazione +272% a 9,3 milioni di $; spese generali e amministrative pi霉 che raddoppiate a 14,8 milioni di $ per l'integrazione di Base Resources (acquisita ott-24) e l'espansione delle attivit脿 REE/HMS.
La perdita operativa si 猫 ampliata a 26,2 milioni di $ (-9,0 milioni $ anno su anno); perdita netta 21,8 milioni di $ (-0,10 $/azione). La perdita netta semestrale ha raggiunto i 48,2 milioni di $.
La liquidit脿 si 猫 rafforzata: cassa 71,5 milioni di $ e titoli di mercato correnti 126,4 milioni di $ (鈻�78,4 milioni $ rispetto a fine 24) dopo aver raccolto 152 milioni di $ tramite equity at-the-market.
Lo stato patrimoniale mostra un patrimonio netto di 644,8 milioni di $ (鈻�113 milioni $ da inizio anno); azioni in circolazione aumentate del 15% a 229,4 milioni.
Mosse strategiche: (1) l鈥檌ntegrazione di Base Resources aggiunge i progetti HMS/REE di Toliara (Madagascar) e Kwale (Kenya); (2) joint venture Donald in Australia da 183 milioni di AUD 鈥� Energy Fuels detiene il 6,6% dopo una spesa iniziale di 18,7 milioni $; (3) acquisizione di RadTran che apporta propriet脿 intellettuale su radio-isotopi per terapia alfa mirata.
Operazioni: miniere di uranio Pinyon Plain, La Sal e Pandora in produzione; circuito di separazione REE fase-1 presso White Mesa Mill commissionato ott-24 con prime vendite NdPr; capex H1-25 18 milioni $ (propriet脿 minerarie 11,9 milioni $, immobilizzazioni materiali 6,0 milioni $).
Consumo di cassa: flusso operativo negativo di 鈭�44,8 milioni $; investimenti 鈭�75,2 milioni $, principalmente acquisti di titoli e spese di progetto.

Punti chiave: La societ脿 dispone ora di quasi 200 milioni di $ in liquidit脿 e titoli liquidi per finanziare l鈥檈spansione delle terre rare e HMS, ma deve affrontare perdite nettamente pi霉 elevate e una diluizione continua mentre i nuovi progetti si avvicinano alle decisioni finali di investimento.

Energy Fuels (UUUU) aspectos destacados del 10-Q del Q2-25

Los ingresos cayeron un 52% interanual a 4,2 millones de $ (H1-25 21,1 millones $ 鈻�38%). Las ventas de uranio se pausaron y los vol煤menes de carbonato de tierras raras/NdPr se mantuvieron modestos.
Los costos aumentaron: exploraci贸n y procesamiento subieron un 272% a 9,3 millones $; gastos generales y administrativos m谩s que se duplicaron a 14,8 millones $ debido a la integraci贸n de Base Resources (adquirida en oct-24) y la expansi贸n de actividades REE/HMS.
La p茅rdida operativa se ampli贸 a 26,2 millones $ (-9,0 millones $ anual); p茅rdida neta 21,8 millones $ (-0,10 $/acci贸n). La p茅rdida neta semestral alcanz贸 los 48,2 millones $.
La liquidez se fortaleci贸: efectivo 71,5 millones $ y valores negociables corrientes 126,4 millones $ (鈻�78,4 millones $ respecto a fin de 24) tras recaudar 152 millones $ mediante equity at-the-market.
El balance muestra un patrimonio neto de 644,8 millones $ (鈻�113 millones $ en el a帽o); acciones en circulaci贸n aumentaron un 15% a 229,4 millones.
Movimientos estrat茅gicos: (1) integraci贸n de Base Resources a帽ade los proyectos HMS/REE de Toliara (Madagascar) y Kwale (Kenia); (2) joint venture Donald en Australia por 183 millones AUD 鈥� Energy Fuels posee el 6,6% tras un gasto inicial de 18,7 millones $; (3) adquisici贸n de RadTran que aporta propiedad intelectual de radiois贸topos para terapia alfa dirigida.
Operaciones: minas de uranio Pinyon Plain, La Sal y Pandora en producci贸n; circuito de separaci贸n REE fase 1 en White Mesa Mill comisionado en oct-24 con primeras ventas de NdPr; capex H1-25 18 millones $ (propiedades minerales 11,9 millones $, PPE 6,0 millones $).
Consumo de efectivo: flujo operativo negativo 鈭�44,8 millones $; inversi贸n 鈭�75,2 millones $, principalmente compras de valores y gastos de proyecto.

Puntos clave: La compa帽铆a ahora cuenta con casi 200 millones $ en efectivo y valores l铆quidos para financiar la expansi贸n de tierras raras y HMS, pero enfrenta p茅rdidas mucho mayores y diluci贸n continua mientras los nuevos proyectos avanzan hacia decisiones finales de inversi贸n.

Energy Fuels (UUUU) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄

毵れ稖鞚� 鞝勲厔雽€牍� 52% 臧愳唽顷橃棳 420毵� 雼煬毳� 旮半頃�(H1-25 2,110毵� 雼煬鈻�38%). 鞖半澕電� 韺愲Г電� 欷戨嫧霅橃棃瓿� 頋啝毳� 韮勳偘鞐�/NdPr 氍茧焿鞚€ 靻岉彮鞙犾霅�.
牍勳毄旮夓: 韮愳偓氚� 臧€瓿� 牍勳毄鞚� 272% 歃濌皜顷橃棳 930毵� 雼煬, 韺愲Г甏€毽箘電� Base Resources 鞚胳垬(2024雲� 10鞗�) 氚� REE/HMS 頇滊彊頇曤寑搿� 1,480毵� 雼煬搿� 霊� 氚� 鞚挫儊歃濌皜.
鞓侅梾靻愳嫟頇曤寑 2,620毵� 雼煬(-900毵� 雼煬鞝勲厔雽€牍�); 靾滌啇鞁� 2,180毵� 雼煬(-欤茧嫻 0.10雼煬). 6臧滌洈雸勳爜靾滌啇鞁れ潃 4,820毵� 雼煬鞐� 雼暔.
鞙犽彊靹� 臧曧檾: 順勱笀 7,150毵� 雼煬, 鞙犼皜歃濌秾 1鞏� 2,640毵� 雼煬(2024雲� 毵� 雽€牍� 7,840毵� 雼煬歃濌皜), 鞁滌灔鞐愳劀欤检嫕 1鞏� 5,200毵� 雼煬臁半嫭.
雽€彀寑臁绊憸靸� 鞛愲掣旮� 6鞏� 4,480毵� 雼煬(鞐办磮雽€牍� 1鞏� 1,300毵� 雼煬歃濌皜); 氚滍枆欤检嫕靾� 2鞏� 2,940毵� 欤茧 15% 歃濌皜.
鞝勲灥鞝� 鞗€歆侅瀯: (1) Base Resources 韱淀暕鞙茧 毵堧嫟臧€鞀れ勾毳� 韱Μ鞎勲澕氚� 旒€雰� 旖办澕 HMS/REE 頂勲鞝濏姼於旉皜; (2) 順胳＜霃勲剱霌� 頃╈瀾韴瀽 1鞏� 8,300毵� AUD 鈥� 齑堦赴 1,870毵� 雼煬歆€於� 頉� Energy Fuels 歆€攵� 6.6% 氤挫湢; (3) RadTran 鞚胳垬搿� 響滌爜鞎岉寣旃橂鞖� 氚╈偓靹� 霃欖渼鞗愳唽 IP 頇曤炒.
鞖挫榿順勴櫓: Pinyon Plain, La Sal, Pandora 鞖半澕電� 甏戩偘臧€霃� 欷�; 2024雲� 10鞗� White Mesa Mill鞐愳劀 1雼硠 REE 攵勲Μ 瓿奠爼臧€霃� 氚� 觳� NdPr 韺愲Г 旮半; 靸侂皹旮� 鞛愲掣歆€於� 1,800毵� 雼煬(甏戩偘鞛愳偘 1,190毵� 雼煬, 鞙犿槙鞛愳偘 600毵� 雼煬).
順勱笀靻岇: 鞓侅梾頇滊彊順勱笀鞙犾稖 -4,480毵� 雼煬; 韴瀽頇滊彊 -7,520毵� 雼煬, 欤茧 歃濌秾甑瀰氚� 頂勲鞝濏姼牍勳毄.

欤检殧鞁滌偓鞝�: 須岇偓電� 順勳灛頋啝毳� 氚� HMS 頇曥灔鞚� 鞙勴暣鞎� 2鞏� 雼煬鞚� 順勱笀氚� 鞙犽彊歃濌秾鞚� 氤挫湢頃橁碃鞛堨溂雮�, 靸堧鞖� 頂勲鞝濏姼臧€ 斓滌 韴瀽瓴办爼鞐� 雼り皜臧€電� 臧€鞖措嵃靻愳嫟鞚� 韥矊歃濌皜頃橁碃頋劃須臣臧€ 歆€靻嶋悩瓿� 鞛堨潓.

Energy Fuels (UUUU) faits saillants du 10-Q T2-25

Le chiffre d'affaires a chut茅 de 52% en glissement annuel 脿 4,2 M$ (H1-25 21,1 M$ 鈻�38%). Les ventes d'uranium ont 茅t茅 suspendues et les volumes de carbonate de terres rares/NdPr sont rest茅s modestes.
Les co没ts ont fortement augment茅 : exploration et traitement en hausse de 272% 脿 9,3 M$ ; SG&A plus que doubl茅s 脿 14,8 M$ suite 脿 l'int茅gration de Base Resources (acquise en oct-24) et 脿 l'expansion des activit茅s REE/HMS.
La perte d'exploitation s'est creus茅e 脿 26,2 M$ (-9,0 M$ en glissement annuel) ; perte nette de 21,8 M$ (-0,10 $/action). La perte nette semestrielle atteint 48,2 M$.
La liquidit茅 s'est renforc茅e : tr茅sorerie 71,5 M$ et titres n茅gociables courants 126,4 M$ (鈻�78,4 M$ vs fin 24) apr猫s une lev茅e de fonds de 152 M$ via une 茅mission d'actions at-the-market.
Le bilan affiche des capitaux propres de 644,8 M$ (鈻�113 M$ depuis le d茅but de l'ann茅e) ; actions en circulation en hausse de 15% 脿 229,4 M.
Mouvements strat茅giques : (1) int茅gration de Base Resources ajoutant les projets HMS/REE de Toliara (Madagascar) et Kwale (Kenya) ; (2) coentreprise Donald en Australie de 183 M AUD 鈥� Energy Fuels d茅tient 6,6% apr猫s une d茅pense initiale de 18,7 M$ ; (3) acquisition de RadTran apportant une propri茅t茅 intellectuelle sur les radio-isotopes pour la th茅rapie alpha cibl茅e.
翱辫茅谤补迟颈辞苍蝉 : mines d'uranium Pinyon Plain, La Sal et Pandora en production ; circuit de s茅paration REE phase 1 au White Mesa Mill mis en service en oct-24 avec premi猫res ventes de NdPr ; capex H1-25 de 18 M$ (propri茅t茅s min茅rales 11,9 M$, immobilisations corporelles 6,0 M$).
Consommation de tr茅sorerie : flux de tr茅sorerie op茅rationnel n茅gatif de 鈭�44,8 M$ ; investissements 鈭�75,2 M$, principalement achats de titres et d茅penses de projet.

Points cl茅s : La soci茅t茅 dispose d茅sormais de pr猫s de 200 M$ en liquidit茅s et titres liquides pour financer l'expansion des terres rares et HMS, mais fait face 脿 des pertes nettement plus 茅lev茅es et 脿 une dilution continue alors que les nouveaux projets avancent vers des d茅cisions finales d'investissement.

Positive

Cash & securities grew to $198 m, providing ample near-term liquidity with no interest-bearing debt.
$152 m equity raised via ATM bolsters funding for REE/HMS build-outs without traditional project debt.
Base Resources acquisition adds large-scale Toliara/Kwale assets, expanding the critical-minerals portfolio.
Commissioned Phase-1 NdPr separation circuit at White Mesa, establishing first U.S. rare-earth oxide output.

Negative

Revenue dropped 52% YoY, reflecting limited uranium shipments and nascent REE sales.
Operating loss widened to $26 m; H1 operating cash burn 鈭�$45 m suggests continued financing needs.
Share dilution: outstanding shares up 15% in six months, pressuring EPS and valuation multiples.
Regulatory risk at Toliara (Madagascar) and community opposition could delay flagship HMS/REE projects.

Insights

TL;DR: Liquidity up after $152 m raise, but core revenue down and losses deepen; story hinges on REE/HMS execution.

Revenues halved as uranium sales were light and REE shipments are still scaling. Operating expenses ballooned, reflecting Base Resources consolidation and Donald/Toliara pre-FID work. The balance sheet is solid鈥�$198 m unrestricted liquidity and no debt鈥攑roviding runway for cap-ex, yet cash burn of ~$45 m per half year is substantial. Equity dilution (shares +15% YTD) will weigh on per-share metrics until cash flow from REE or HMS materialises. Investors should watch: (1) securing Madagascar fiscal terms, (2) Donald FID timing, (3) progress converting White Mesa鈥檚 Phase-1 separation circuit to steady NdPr output. Near-term, financial performance remains loss-making; long-term option value in critical minerals justifies a neutral stance.

TL;DR: Pipeline breadth attractive, but regulatory and execution risks remain elevated.

Toliara brings a world-class monazite/ilmenite resource, yet requires an investment pact with Madagascar and >$500 m cap-ex. Donald鈥檚 permitting is advanced, giving a plausible 2025-26 build decision, but Energy Fuels must inject up to AUD 183 m for 49%鈥攁 major funding call. White Mesa is the only U.S. plant capable of U/REE co-processing, an enviable strategic asset. However, supply chains, community approvals (Africa, Australia, U.S.) and radio-isotope technologies are all early stage. Given diversified assets and cash, impact is balanced: positive optionality against significant uncertainty.

Energy Fuels (UUUU) evidenze Q2-25 10-Q

I ricavi sono diminuiti del 52% su base annua a 4,2 milioni di $ (H1-25 21,1 milioni di $ 鈻�38%). Le vendite di uranio sono state sospese e i volumi di carbonato di terre rare/NdPr sono rimasti modesti.
I costi sono aumentati: esplorazione e lavorazione +272% a 9,3 milioni di $; spese generali e amministrative pi霉 che raddoppiate a 14,8 milioni di $ per l'integrazione di Base Resources (acquisita ott-24) e l'espansione delle attivit脿 REE/HMS.
La perdita operativa si 猫 ampliata a 26,2 milioni di $ (-9,0 milioni $ anno su anno); perdita netta 21,8 milioni di $ (-0,10 $/azione). La perdita netta semestrale ha raggiunto i 48,2 milioni di $.
La liquidit脿 si 猫 rafforzata: cassa 71,5 milioni di $ e titoli di mercato correnti 126,4 milioni di $ (鈻�78,4 milioni $ rispetto a fine 24) dopo aver raccolto 152 milioni di $ tramite equity at-the-market.
Lo stato patrimoniale mostra un patrimonio netto di 644,8 milioni di $ (鈻�113 milioni $ da inizio anno); azioni in circolazione aumentate del 15% a 229,4 milioni.
Mosse strategiche: (1) l鈥檌ntegrazione di Base Resources aggiunge i progetti HMS/REE di Toliara (Madagascar) e Kwale (Kenya); (2) joint venture Donald in Australia da 183 milioni di AUD 鈥� Energy Fuels detiene il 6,6% dopo una spesa iniziale di 18,7 milioni $; (3) acquisizione di RadTran che apporta propriet脿 intellettuale su radio-isotopi per terapia alfa mirata.
Operazioni: miniere di uranio Pinyon Plain, La Sal e Pandora in produzione; circuito di separazione REE fase-1 presso White Mesa Mill commissionato ott-24 con prime vendite NdPr; capex H1-25 18 milioni $ (propriet脿 minerarie 11,9 milioni $, immobilizzazioni materiali 6,0 milioni $).
Consumo di cassa: flusso operativo negativo di 鈭�44,8 milioni $; investimenti 鈭�75,2 milioni $, principalmente acquisti di titoli e spese di progetto.

Energy Fuels (UUUU) aspectos destacados del 10-Q del Q2-25

Los ingresos cayeron un 52% interanual a 4,2 millones de $ (H1-25 21,1 millones $ 鈻�38%). Las ventas de uranio se pausaron y los vol煤menes de carbonato de tierras raras/NdPr se mantuvieron modestos.
Los costos aumentaron: exploraci贸n y procesamiento subieron un 272% a 9,3 millones $; gastos generales y administrativos m谩s que se duplicaron a 14,8 millones $ debido a la integraci贸n de Base Resources (adquirida en oct-24) y la expansi贸n de actividades REE/HMS.
La p茅rdida operativa se ampli贸 a 26,2 millones $ (-9,0 millones $ anual); p茅rdida neta 21,8 millones $ (-0,10 $/acci贸n). La p茅rdida neta semestral alcanz贸 los 48,2 millones $.
La liquidez se fortaleci贸: efectivo 71,5 millones $ y valores negociables corrientes 126,4 millones $ (鈻�78,4 millones $ respecto a fin de 24) tras recaudar 152 millones $ mediante equity at-the-market.
El balance muestra un patrimonio neto de 644,8 millones $ (鈻�113 millones $ en el a帽o); acciones en circulaci贸n aumentaron un 15% a 229,4 millones.
Movimientos estrat茅gicos: (1) integraci贸n de Base Resources a帽ade los proyectos HMS/REE de Toliara (Madagascar) y Kwale (Kenia); (2) joint venture Donald en Australia por 183 millones AUD 鈥� Energy Fuels posee el 6,6% tras un gasto inicial de 18,7 millones $; (3) adquisici贸n de RadTran que aporta propiedad intelectual de radiois贸topos para terapia alfa dirigida.
Operaciones: minas de uranio Pinyon Plain, La Sal y Pandora en producci贸n; circuito de separaci贸n REE fase 1 en White Mesa Mill comisionado en oct-24 con primeras ventas de NdPr; capex H1-25 18 millones $ (propiedades minerales 11,9 millones $, PPE 6,0 millones $).
Consumo de efectivo: flujo operativo negativo 鈭�44,8 millones $; inversi贸n 鈭�75,2 millones $, principalmente compras de valores y gastos de proyecto.

Energy Fuels (UUUU) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄

毵れ稖鞚� 鞝勲厔雽€牍� 52% 臧愳唽顷橃棳 420毵� 雼煬毳� 旮半頃�(H1-25 2,110毵� 雼煬鈻�38%). 鞖半澕電� 韺愲Г電� 欷戨嫧霅橃棃瓿� 頋啝毳� 韮勳偘鞐�/NdPr 氍茧焿鞚€ 靻岉彮鞙犾霅�.
牍勳毄旮夓: 韮愳偓氚� 臧€瓿� 牍勳毄鞚� 272% 歃濌皜顷橃棳 930毵� 雼煬, 韺愲Г甏€毽箘電� Base Resources 鞚胳垬(2024雲� 10鞗�) 氚� REE/HMS 頇滊彊頇曤寑搿� 1,480毵� 雼煬搿� 霊� 氚� 鞚挫儊歃濌皜.
鞓侅梾靻愳嫟頇曤寑 2,620毵� 雼煬(-900毵� 雼煬鞝勲厔雽€牍�); 靾滌啇鞁� 2,180毵� 雼煬(-欤茧嫻 0.10雼煬). 6臧滌洈雸勳爜靾滌啇鞁れ潃 4,820毵� 雼煬鞐� 雼暔.
鞙犽彊靹� 臧曧檾: 順勱笀 7,150毵� 雼煬, 鞙犼皜歃濌秾 1鞏� 2,640毵� 雼煬(2024雲� 毵� 雽€牍� 7,840毵� 雼煬歃濌皜), 鞁滌灔鞐愳劀欤检嫕 1鞏� 5,200毵� 雼煬臁半嫭.
雽€彀寑臁绊憸靸� 鞛愲掣旮� 6鞏� 4,480毵� 雼煬(鞐办磮雽€牍� 1鞏� 1,300毵� 雼煬歃濌皜); 氚滍枆欤检嫕靾� 2鞏� 2,940毵� 欤茧 15% 歃濌皜.
鞝勲灥鞝� 鞗€歆侅瀯: (1) Base Resources 韱淀暕鞙茧 毵堧嫟臧€鞀れ勾毳� 韱Μ鞎勲澕氚� 旒€雰� 旖办澕 HMS/REE 頂勲鞝濏姼於旉皜; (2) 順胳＜霃勲剱霌� 頃╈瀾韴瀽 1鞏� 8,300毵� AUD 鈥� 齑堦赴 1,870毵� 雼煬歆€於� 頉� Energy Fuels 歆€攵� 6.6% 氤挫湢; (3) RadTran 鞚胳垬搿� 響滌爜鞎岉寣旃橂鞖� 氚╈偓靹� 霃欖渼鞗愳唽 IP 頇曤炒.
鞖挫榿順勴櫓: Pinyon Plain, La Sal, Pandora 鞖半澕電� 甏戩偘臧€霃� 欷�; 2024雲� 10鞗� White Mesa Mill鞐愳劀 1雼硠 REE 攵勲Μ 瓿奠爼臧€霃� 氚� 觳� NdPr 韺愲Г 旮半; 靸侂皹旮� 鞛愲掣歆€於� 1,800毵� 雼煬(甏戩偘鞛愳偘 1,190毵� 雼煬, 鞙犿槙鞛愳偘 600毵� 雼煬).
順勱笀靻岇: 鞓侅梾頇滊彊順勱笀鞙犾稖 -4,480毵� 雼煬; 韴瀽頇滊彊 -7,520毵� 雼煬, 欤茧 歃濌秾甑瀰氚� 頂勲鞝濏姼牍勳毄.

Energy Fuels (UUUU) faits saillants du 10-Q T2-25

Le chiffre d'affaires a chut茅 de 52% en glissement annuel 脿 4,2 M$ (H1-25 21,1 M$ 鈻�38%). Les ventes d'uranium ont 茅t茅 suspendues et les volumes de carbonate de terres rares/NdPr sont rest茅s modestes.
Les co没ts ont fortement augment茅 : exploration et traitement en hausse de 272% 脿 9,3 M$ ; SG&A plus que doubl茅s 脿 14,8 M$ suite 脿 l'int茅gration de Base Resources (acquise en oct-24) et 脿 l'expansion des activit茅s REE/HMS.
La perte d'exploitation s'est creus茅e 脿 26,2 M$ (-9,0 M$ en glissement annuel) ; perte nette de 21,8 M$ (-0,10 $/action). La perte nette semestrielle atteint 48,2 M$.
La liquidit茅 s'est renforc茅e : tr茅sorerie 71,5 M$ et titres n茅gociables courants 126,4 M$ (鈻�78,4 M$ vs fin 24) apr猫s une lev茅e de fonds de 152 M$ via une 茅mission d'actions at-the-market.
Le bilan affiche des capitaux propres de 644,8 M$ (鈻�113 M$ depuis le d茅but de l'ann茅e) ; actions en circulation en hausse de 15% 脿 229,4 M.
Mouvements strat茅giques : (1) int茅gration de Base Resources ajoutant les projets HMS/REE de Toliara (Madagascar) et Kwale (Kenya) ; (2) coentreprise Donald en Australie de 183 M AUD 鈥� Energy Fuels d茅tient 6,6% apr猫s une d茅pense initiale de 18,7 M$ ; (3) acquisition de RadTran apportant une propri茅t茅 intellectuelle sur les radio-isotopes pour la th茅rapie alpha cibl茅e.
翱辫茅谤补迟颈辞苍蝉 : mines d'uranium Pinyon Plain, La Sal et Pandora en production ; circuit de s茅paration REE phase 1 au White Mesa Mill mis en service en oct-24 avec premi猫res ventes de NdPr ; capex H1-25 de 18 M$ (propri茅t茅s min茅rales 11,9 M$, immobilisations corporelles 6,0 M$).
Consommation de tr茅sorerie : flux de tr茅sorerie op茅rationnel n茅gatif de 鈭�44,8 M$ ; investissements 鈭�75,2 M$, principalement achats de titres et d茅penses de projet.

08/06/2025 - 05:23 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2025

Stabilis Solutions, Inc.

(Exact name of registrant as specified in its charter)

Florida	001-40364	59-3410234
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

11750 Katy Freeway Suite 900
Houston, Texas	77079
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 832-456-6500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $.001 par value	SLNG	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 6, 2025, Stabilis Solutions, Inc. (the “Company”) issued a press release announcing information regarding its results of operations and financial condition for the three and six months ended June 30, 2025. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Form 8-K.

The Company’s press release contains non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or ("GAAP"). Pursuant to the requirements of Regulation G, the Company has provided within the press release quantitative reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

The information in this Current Report, including the exhibit, is being furnished pursuant to Item 7.01 of Form 8-K and General Instruction B.2 thereunder. The information in this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

The information set forth under Item 2.02 is incorporated by reference as if fully set forth herein.

Item 9.01 Financial Statements and Exhibits.

Exhibits:

Exhibit No.	Description

99.1	Press release dated August 6, 2025

104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			STABILIS SOLUTIONS, INC.
			By: /s/Andrew L. Puhala
			Andrew L. Puhala
			Chief Financial Officer

Date: August 6, 2025

Source:

FAQ

How much revenue did Energy Fuels (UUUU) generate in Q2-25?

The company reported $4.2 million in revenue for the three months ended June 30 2025, down 52% year-over-year.

What was Energy Fuels' net loss and EPS for the quarter?

Net loss totaled $21.8 million, translating to -$0.10 per share (basic and diluted).

What is the company鈥檚 current liquidity position?

As of June 30 2025, Energy Fuels held $71.5 m in cash and $134.4 m in marketable securities, for about $198 m of liquid assets.

Why did SG&A expenses rise sharply year-over-year?

SG&A increased to $14.8 m mainly due to costs tied to integrating the Base Resources acquisition and scaling rare-earth/heavy-mineral operations.

What is the status of the Toliara Project in Madagascar?

The government lifted its 2019 suspension in Nov 2024; Energy Fuels is negotiating a formal investment agreement to secure fiscal terms before a final investment decision.

How much could Energy Fuels invest in the Donald Project JV?

The JV agreements allow up to AUD 183 million (鈮�$120 m) to earn a 49% stake; the company has funded about $18.7 m and holds 6.6% to date.

What dilution occurred through the at-the-market program?

Energy Fuels issued 30.4 million shares in H1-25, raising $152 m and increasing total shares outstanding to 229.4 million.

AG真人官方

[8-K] Stabilis Solutions, Inc. Reports Material Event

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FAQ

How much revenue did Energy Fuels (UUUU) generate in Q2-25?

What was Energy Fuels' net loss and EPS for the quarter?

What is the company鈥檚 current liquidity position?

Why did SG&A expenses rise sharply year-over-year?

What is the status of the Toliara Project in Madagascar?

How much could Energy Fuels invest in the Donald Project JV?

What dilution occurred through the at-the-market program?

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Trending News

[8-K] Stabilis Solutions, Inc. Reports Material Event

Insights

Equity Research Analyst neutral

Mining & Rare-Earth Specialist neutral

FAQ

How much revenue did Energy Fuels (UUUU) generate in Q2-25?

What was Energy Fuels' net loss and EPS for the quarter?

What is the company鈥檚 current liquidity position?

Why did SG&A expenses rise sharply year-over-year?

What is the status of the Toliara Project in Madagascar?

How much could Energy Fuels invest in the Donald Project JV?

What dilution occurred through the at-the-market program?

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