Energy Secretary Wright Speaks at House Hearing on FY27 DOE Budget
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Energy Secretary Wright is speaking before the House Committee on Energy and Commerce Subcommittee on Energy at a hearing on the FY27 Department of Energy budget. Publicly traded companies in the space include Energy Fuels (UUUU), Cameco (CCJ), Constellation Energy (CEG), Centrus Energy (LEU), Nano Nuclear Energy (NNE), NuScale Power (SMR), Fermi (FRMI), and Oklo (OKLO).
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Analyst Views on UUUU
Wall Street analysts forecast UUUU stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 20.930
Low
15.50
Averages
24.43
High
30.00
Current: 20.930
Low
15.50
Averages
24.43
High
30.00
About UUUU
Energy Fuels Inc. is a global critical mineral company. The Company focuses on uranium, rare earth elements (REEs), heavy mineral sands, vanadium and medical isotopes. The Company owns and operates several conventional and in-situ recovery uranium projects in the western United States. The Company has three heavy mineral sands projects: the 100% owned Vara Mada Project in Madagascar; the 100% owned Bahia Project in Brazil, and the Donald Project in Australia. The Vara Mada Project is located in south-west Madagascar, approximately 45-kilometer (km) north of the regional town and port of Toliara, which is rich in ilmenite, rutile, zircon and monazite. Its uranium projects are White Mesa Mill and Pinyon Plain Project. The White Mesa Mill Project is in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. Its other projects include Hank Project, Jane Dough Project, Kwale Project, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Fuels Releases 2025 Sustainability Report Highlighting Key Commitments
- Sustainability Commitment: Energy Fuels' 2025 Sustainability Report emphasizes its commitments in environmental stewardship, workforce safety, and community engagement, showcasing key progress made in 2024 and 2025 to enhance its role as a reliable supplier for U.S. energy security and advanced manufacturing.
- Operational Safety and Transparency: The report highlights the company's focus on safety and transparency in operations, implementing risk management and governance practices to support long-term shareholder value and ensure sustainable growth in the mining and critical minerals sectors.
- Community Engagement and Governance: Energy Fuels details its interactions with communities and Indigenous peoples in the report, emphasizing its social responsibility and ethical compliance in operational regions, particularly in emerging markets.
- Foundation for Future Development: CEO Ross Bhappu states that the report lays the groundwork for future targets, demonstrating the importance of sustainability in the company's operational philosophy and aiming to drive business growth through continuous improvement.
See More
Significant Supply-Demand Gap in U.S. Uranium Market
- Supply-Demand Gap: The U.S. consumes approximately 50 million pounds of uranium annually, while domestic production is projected at only 1 million pounds in 2026, indicating a reliance on imports for 98% of its uranium supply, highlighting a critical supply constraint.
- Rising Uranium Prices: By the end of March 2026, uranium spot prices reached $84.25 per pound, with Citi analysts forecasting a range of $100 to $125 per pound for the year, reflecting increasing demand in the uranium market.
- Eagle's Market Entry and Resource Advantage: Eagle Nuclear Energy Corp. began trading on Nasdaq on February 25, 2026, claiming ownership of the largest conventional uranium deposit in the U.S., with the Aurora project hosting 32.75 million pounds of indicated resources, solidifying its competitive position.
- Drilling Program and Technology Integration: Eagle has signed a Drilling Services Agreement with Harris Exploration to conduct a 27,000-foot drilling program in summer 2026, aimed at addressing data gaps and advancing the Aurora project towards a Pre-Feasibility Study, expected to be completed in the second half of 2027.
See More
Nuclear Energy Stocks Surge on Positive Sector Developments
- SMR Approvals: The U.K. government approved small modular reactors (SMRs) at the Wylfa site in North Wales, which not only boosted nuclear energy stocks but also enhanced market confidence in the future of nuclear power.
- Amazon-Backed IPO: X-Energy is targeting a $7.5 billion valuation in its IPO, reflecting strong investor interest in nuclear technology, which could attract more capital into the sector.
- U.S. Government Initiative: The U.S. government launched the National Initiative for American Space Nuclear Power, a joint effort with NASA and the Pentagon to develop nuclear systems for future lunar and deep-space missions, highlighting the potential of nuclear energy in space exploration.
- Positive Market Sentiment: A bullish report from Canaccord Genuity noted the uranium sector as a high-beta sector, further driving optimistic sentiment towards nuclear energy stocks and attracting more investor attention.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu Effective April 2026
- New CEO Appointment: Energy Fuels has appointed Ross R. Bhappu as the new CEO effective April 15, 2026, succeeding Mark S. Chalmers, who has served over eight years, indicating a strategic leadership transition within the company.
- Transition Arrangement: Following his retirement, Chalmers will serve as an exclusive uranium and rare earth consultant for two years, ensuring continuity and strategic support as the company advances its growth initiatives, highlighting the importance of experience and stability in leadership.
- Uranium Production Guidance: Energy Fuels outlines a uranium production guidance of up to 2.5 million pounds in 2026 while expanding its rare earth capabilities, reflecting the company's proactive positioning in the nuclear and rare earth markets to enhance competitiveness.
- Strategic Development Focus: The appointment of CEO Bhappu is closely tied to the company's future growth plans, indicating Energy Fuels' commitment to the development of uranium and rare earths to meet the increasing market demand.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu
- Leadership Transition: Energy Fuels Inc. appointed Ross R. Bhappu as CEO effective April 15, 2026, succeeding Mark S. Chalmers, who served over eight years and has a distinguished 50-year career in uranium and critical materials.
- Strategic Continuity: Bhappu, who has been President since August 2025, brings over three decades of leadership experience in mining and critical minerals, and is expected to continue advancing the company's long-term growth strategy, particularly in permitting and constructing new mines.
- Market Position Strengthening: Under Chalmers' leadership, Energy Fuels has become the largest U.S. producer of uranium and a leading producer of rare earth elements and vanadium, and Bhappu's appointment is anticipated to further solidify the company's market position.
- Future Development Plans: Bhappu expressed a focus on growth initiatives, including the expansion of the White Mesa Mill and increasing production of rare earth metals and alloys through the planned acquisition of Australian Strategic Materials Limited, demonstrating a strong commitment to future development.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu
- Leadership Transition: Energy Fuels Inc. appointed Ross R. Bhappu as CEO effective April 15, 2026, succeeding Mark S. Chalmers, who will remain as a consultant to ensure continuity in strategic initiatives after over eight years in the role.
- Rich Industry Experience: Bhappu, who has served as President since August 2025, brings over three decades of leadership in mining and critical minerals, which is expected to enhance the company's long-term growth strategy in uranium and rare earth production.
- Strategic Expansion Plans: Bhappu aims to focus on permitting and constructing several new mines, expanding the White Mesa Mill, and increasing production of rare earth metals and alloys through the planned acquisition of Australian Strategic Materials Limited, thereby strengthening the company's market position.
- Company Development Achievements: Under Chalmers' leadership, Energy Fuels has evolved into the largest U.S. uranium producer and a leader in rare earth elements and vanadium production, and will continue to leverage its unique assets and technical expertise to drive critical material production and processing forward.
See More
Energy Fuels Releases 2025 Sustainability Report Highlighting Key Commitments
- Sustainability Commitment: Energy Fuels' 2025 Sustainability Report emphasizes its commitments in environmental stewardship, workforce safety, and community engagement, showcasing key progress made in 2024 and 2025 to enhance its role as a reliable supplier for U.S. energy security and advanced manufacturing.
- Operational Safety and Transparency: The report highlights the company's focus on safety and transparency in operations, implementing risk management and governance practices to support long-term shareholder value and ensure sustainable growth in the mining and critical minerals sectors.
- Community Engagement and Governance: Energy Fuels details its interactions with communities and Indigenous peoples in the report, emphasizing its social responsibility and ethical compliance in operational regions, particularly in emerging markets.
- Foundation for Future Development: CEO Ross Bhappu states that the report lays the groundwork for future targets, demonstrating the importance of sustainability in the company's operational philosophy and aiming to drive business growth through continuous improvement.
See More
Significant Supply-Demand Gap in U.S. Uranium Market
- Supply-Demand Gap: The U.S. consumes approximately 50 million pounds of uranium annually, while domestic production is projected at only 1 million pounds in 2026, indicating a reliance on imports for 98% of its uranium supply, highlighting a critical supply constraint.
- Rising Uranium Prices: By the end of March 2026, uranium spot prices reached $84.25 per pound, with Citi analysts forecasting a range of $100 to $125 per pound for the year, reflecting increasing demand in the uranium market.
- Eagle's Market Entry and Resource Advantage: Eagle Nuclear Energy Corp. began trading on Nasdaq on February 25, 2026, claiming ownership of the largest conventional uranium deposit in the U.S., with the Aurora project hosting 32.75 million pounds of indicated resources, solidifying its competitive position.
- Drilling Program and Technology Integration: Eagle has signed a Drilling Services Agreement with Harris Exploration to conduct a 27,000-foot drilling program in summer 2026, aimed at addressing data gaps and advancing the Aurora project towards a Pre-Feasibility Study, expected to be completed in the second half of 2027.
See More
Nuclear Energy Stocks Surge on Positive Sector Developments
- SMR Approvals: The U.K. government approved small modular reactors (SMRs) at the Wylfa site in North Wales, which not only boosted nuclear energy stocks but also enhanced market confidence in the future of nuclear power.
- Amazon-Backed IPO: X-Energy is targeting a $7.5 billion valuation in its IPO, reflecting strong investor interest in nuclear technology, which could attract more capital into the sector.
- U.S. Government Initiative: The U.S. government launched the National Initiative for American Space Nuclear Power, a joint effort with NASA and the Pentagon to develop nuclear systems for future lunar and deep-space missions, highlighting the potential of nuclear energy in space exploration.
- Positive Market Sentiment: A bullish report from Canaccord Genuity noted the uranium sector as a high-beta sector, further driving optimistic sentiment towards nuclear energy stocks and attracting more investor attention.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu Effective April 2026
- New CEO Appointment: Energy Fuels has appointed Ross R. Bhappu as the new CEO effective April 15, 2026, succeeding Mark S. Chalmers, who has served over eight years, indicating a strategic leadership transition within the company.
- Transition Arrangement: Following his retirement, Chalmers will serve as an exclusive uranium and rare earth consultant for two years, ensuring continuity and strategic support as the company advances its growth initiatives, highlighting the importance of experience and stability in leadership.
- Uranium Production Guidance: Energy Fuels outlines a uranium production guidance of up to 2.5 million pounds in 2026 while expanding its rare earth capabilities, reflecting the company's proactive positioning in the nuclear and rare earth markets to enhance competitiveness.
- Strategic Development Focus: The appointment of CEO Bhappu is closely tied to the company's future growth plans, indicating Energy Fuels' commitment to the development of uranium and rare earths to meet the increasing market demand.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu
- Leadership Transition: Energy Fuels Inc. appointed Ross R. Bhappu as CEO effective April 15, 2026, succeeding Mark S. Chalmers, who served over eight years and has a distinguished 50-year career in uranium and critical materials.
- Strategic Continuity: Bhappu, who has been President since August 2025, brings over three decades of leadership experience in mining and critical minerals, and is expected to continue advancing the company's long-term growth strategy, particularly in permitting and constructing new mines.
- Market Position Strengthening: Under Chalmers' leadership, Energy Fuels has become the largest U.S. producer of uranium and a leading producer of rare earth elements and vanadium, and Bhappu's appointment is anticipated to further solidify the company's market position.
- Future Development Plans: Bhappu expressed a focus on growth initiatives, including the expansion of the White Mesa Mill and increasing production of rare earth metals and alloys through the planned acquisition of Australian Strategic Materials Limited, demonstrating a strong commitment to future development.
See More
Energy Fuels Appoints New CEO Ross R. Bhappu
- Leadership Transition: Energy Fuels Inc. appointed Ross R. Bhappu as CEO effective April 15, 2026, succeeding Mark S. Chalmers, who will remain as a consultant to ensure continuity in strategic initiatives after over eight years in the role.
- Rich Industry Experience: Bhappu, who has served as President since August 2025, brings over three decades of leadership in mining and critical minerals, which is expected to enhance the company's long-term growth strategy in uranium and rare earth production.
- Strategic Expansion Plans: Bhappu aims to focus on permitting and constructing several new mines, expanding the White Mesa Mill, and increasing production of rare earth metals and alloys through the planned acquisition of Australian Strategic Materials Limited, thereby strengthening the company's market position.
- Company Development Achievements: Under Chalmers' leadership, Energy Fuels has evolved into the largest U.S. uranium producer and a leader in rare earth elements and vanadium production, and will continue to leverage its unique assets and technical expertise to drive critical material production and processing forward.
See More
