Energy Fuels’ Madagascar Vara Mada Project Posts $1.8 Billion NPV in Updated Feasibility Study

The latest update is out from Energy Fuels ( (UUUU) ).

Energy Fuels has released an updated feasibility study for its 100%-owned Vara Mada heavy mineral sands project in southwest Madagascar, confirming what it calls world-class economics with a post-tax NPV of $1.8 billion, an initially modeled 38-year mine life and the potential to ramp up to more than $500 million in annual EBITDA. The project, formerly known as Toliara and now renamed Vara Mada, is expected to produce substantial volumes of ilmenite, zircon and monazite, with the monazite to be shipped to the company’s White Mesa Mill in the U.S. for low-cost processing into separated rare earth oxides, positioning Energy Fuels as a key non-Chinese supplier capable of meeting up to 30% of projected U.S. demand for light rare earth oxides and 85% for certain heavy rare earth oxides, while aiming to operate to high ESG standards and strengthen critical mineral supply chains for Western governments and commercial customers.

The most recent analyst rating on (UUUU) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Energy Fuels stock, see the UUUU Stock Forecast page.

Spark’s Take on UUUU Stock

According to Spark, TipRanks’ AI Analyst, UUUU is a Neutral.

The score is driven primarily by mixed fundamentals: a strong, low-leverage balance sheet and solid revenue growth are outweighed by weak profitability and ongoing cash burn. Technicals are supportive with a clear uptrend and positive momentum, while valuation is constrained by losses. Earnings-call guidance improves outlook into 2026, but execution and operational/geopolitical risks remain material.

To see Spark’s full report on UUUU stock, click here.

More about Energy Fuels

Energy Fuels Inc. is a U.S.-based producer of uranium, rare earth elements and other critical materials, with a strategy centered on processing monazite concentrates into high-purity separated rare earth oxides at its wholly owned White Mesa Mill in Utah. The company is expanding its global footprint and supply-chain role by developing heavy mineral sands projects, including the large-scale Vara Mada project in Madagascar, to supply critical minerals such as titanium, zircon and magnet rare earths to U.S. and allied markets, particularly for clean energy, advanced technologies and defense applications.

Average Trading Volume: 18,645,618

Technical Sentiment Signal: Buy

Current Market Cap: $4.35B

For detailed information about UUUU stock, go to TipRanks’ Stock Analysis page.