Why Energy Fuels Stock Popped Today
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Energy Fuels' stock rose 15.2% following MP Materials' announcement of a partnership with the Department of Defense to enhance U.S. rare earth magnet independence, which boosted MP's stock by 60%. Investors speculate that Energy Fuels may also benefit from potential government investments in critical minerals, despite the company currently being unprofitable and burning cash. Analysts predict profitability for Energy Fuels next year, making it a potential buy for investors.
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