Why Energy Fuels Stock Exploded Higher Today
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Energy Fuels (UUUU) stock surged 18% after China threatened to limit rare-earth exports to the U.S. Despite President Trump's reassurances, concerns over supply chain risks persist. The U.S. Defense Department plans a $1 billion stockpile of critical minerals, while JPMorgan's CEO Jamie Dimon highlighted the U.S.'s reliance on unreliable sources and announced a $10 billion investment plan. Energy Fuels is raising $700 million in convertible debt, extending its runway for growth despite a high valuation, making it not a buy yet, but the outlook is improving.
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