Energy Fuels received conditional approval for up to $126 million in financing from Australian government lenders for its Donald Rare Earth and Mineral Sands Project in Victoria. This support highlights the company's expansion beyond uranium mining into rare earth elements, crucial for electric vehicles and defense. The financing move has boosted Energy Fuels' stock by 9%, with related nuclear companies NuScale Power and Oklo also seeing gains. Final investment decisions depend on further approvals and commercial lender participation, with a target decision by year-end.
Energy Fuels (UUUU) surged 8.60% to USD 8.21 on Pluang as of Oct 27, 2026 23:22 WIB, nearing its 52-week low of USD 7.52 but still far from the 52-week high of USD 27.72. In comparison, NuScale Power (SMR) rose 8.54% to USD 5.72, and Oklo (OKLO) gained 5.55% to USD 27.38, with Oklo holding a market cap more than double that of Energy Fuels. This shows strong investor interest in nuclear and rare earth sectors despite Energy Fuels' share price remaining well below its yearly peak.
