November 20, 2025
This 343rd episode of Investing in Bizarro World is a deep dive into what might be the most important, and misunderstood, critical minerals company in America.
Energy Fuels’ Senior VP of Marketing & Corporate Development, Curtis Moore, walks us through how the company went from a tiny mining outfit fighting lawsuits in Arizona to one of the nation’s most strategically important energy and technology suppliers.
And he does it with the calm confidence of someone who knows he’s sitting atop the only real, fully integrated critical minerals hub in the United States. Below is a brief summary of the episode, which you may need to watch twice because it’s so densely packed with information.
A Miner Too Busy to Hunt Elk Because Washington Finally Woke Up
Moore jokes that he hasn’t been able to slip away to hunt elk this year because he’s been spending so much time in Washington, D.C. And there’s a reason for that: The Trump administration has come storming out of the gate with an agenda laser-focused on reshoring uranium, rare earths, and critical minerals. And Energy Fuels is at the center of the storm.
Moore hints (without crossing any lines) that demand for meetings, project proposals, and strategic partnerships has exploded. Energy Fuels isn’t just pitching ideas; it's walking into federal offices with actual kilograms of high-purity critical metals produced on U.S. soil.
Pinion Plain: A U.S. Uranium Mine That’s Actually Exceeding Expectations
Pinion Plain is beating every model the company ever had.
In a uranium market holding in the mid-$70s per pound, the margin profile is extraordinary.
Moore makes clear that the grades, thickness, and continuity of the ore body strongly suggest the deposit is far larger than the legacy 3-million-pound resource estimate. They simply haven’t updated the model yet.
In a market full of “theoretical” uranium projects, Energy Fuels is producing real pounds at real margins right now.
White Mesa: America’s Only Operating Uranium and Rare Earth Mill
Many investors still think of Energy Fuels as “just” a uranium miner. Moore corrects that misconception with a sledgehammer:
White Mesa is the only operating conventional uranium mill in the United States.
But it’s also becoming one of the world’s only integrated processing hubs for light AND heavy rare earths.
This distinction is fundamental:
Curtis lightly points out something almost no one in mainstream markets knows: Energy Fuels is the only U.S. company producing heavy rare earth oxides today.
That puts the company in an entirely different category from MP Materials and aligns it squarely with national-security interests.
The Global Expansion
If White Mesa is the engine, Energy Fuels’ global feedstock strategy is the fuel. Moore walks through their three key mineral sands projects:
When all three are in production, Energy Fuels expects to produce volumes on par with MP Materials and Lynas, but with much better heavy rare earth exposure.
Washington Moves: The New Cold War Is About Minerals
The conversation repeatedly returns to Washington because that’s where the momentum is. Moore again is careful but clear:
Fast-41 permitting underscores it. The administration proactively approached Energy Fuels to place Roca Honda on the expedited federal permitting dashboard. And more are likely on the way.
Medical Isotopes: The Quiet “Blue Sky” That Could Be Bigger Than Everything Else
Near the end of the interview, Moore casually drops what may be the single most impactful long-term revenue opportunity in the company: Extracting radium from Energy Fuels’ process streams to produce extremely high-value medical isotopes.
These rare alpha-emitting isotopes, like actinium-225, are showing near-miraculous results in early cancer trials. They sell for millions of dollars per gram, and no U.S. source exists today.
If successful, this could become one of the highest-margin businesses in the entire resources sector.
It all adds up to one unavoidable conclusion: Energy Fuels is not just a uranium miner. It is becoming the most important critical minerals company in America. It produces more U.S. uranium than anyone else. It is the only domestic producer of heavy rare earths. It is advancing multiple fast-tracked uranium mines. It is building a global rare earth supply chain. And it is positioning itself to enter a medical isotopes market that could dwarf everything else.
And we’ll get back to our regularly scheduled programming after Thanksgiving, with no episode next week.
November 20, 2025
This 343rd episode of Investing in Bizarro World is a deep dive into what might be the most important, and misunderstood, critical minerals company in America.
Energy Fuels’ Senior VP of Marketing & Corporate Development, Curtis Moore, walks us through how the company went from a tiny mining outfit fighting lawsuits in Arizona to one of the nation’s most strategically important energy and technology suppliers.
And he does it with the calm confidence of someone who knows he’s sitting atop the only real, fully integrated critical minerals hub in the United States. Below is a brief summary of the episode, which you may need to watch twice because it’s so densely packed with information.
A Miner Too Busy to Hunt Elk Because Washington Finally Woke Up
Moore jokes that he hasn’t been able to slip away to hunt elk this year because he’s been spending so much time in Washington, D.C. And there’s a reason for that: The Trump administration has come storming out of the gate with an agenda laser-focused on reshoring uranium, rare earths, and critical minerals. And Energy Fuels is at the center of the storm.
Moore hints (without crossing any lines) that demand for meetings, project proposals, and strategic partnerships has exploded. Energy Fuels isn’t just pitching ideas; it's walking into federal offices with actual kilograms of high-purity critical metals produced on U.S. soil.
Pinion Plain: A U.S. Uranium Mine That’s Actually Exceeding Expectations
Pinion Plain is beating every model the company ever had.
In a uranium market holding in the mid-$70s per pound, the margin profile is extraordinary.
Moore makes clear that the grades, thickness, and continuity of the ore body strongly suggest the deposit is far larger than the legacy 3-million-pound resource estimate. They simply haven’t updated the model yet.
In a market full of “theoretical” uranium projects, Energy Fuels is producing real pounds at real margins right now.
White Mesa: America’s Only Operating Uranium and Rare Earth Mill
Many investors still think of Energy Fuels as “just” a uranium miner. Moore corrects that misconception with a sledgehammer:
White Mesa is the only operating conventional uranium mill in the United States.
But it’s also becoming one of the world’s only integrated processing hubs for light AND heavy rare earths.
This distinction is fundamental:
Curtis lightly points out something almost no one in mainstream markets knows: Energy Fuels is the only U.S. company producing heavy rare earth oxides today.
That puts the company in an entirely different category from MP Materials and aligns it squarely with national-security interests.
The Global Expansion
If White Mesa is the engine, Energy Fuels’ global feedstock strategy is the fuel. Moore walks through their three key mineral sands projects:
When all three are in production, Energy Fuels expects to produce volumes on par with MP Materials and Lynas, but with much better heavy rare earth exposure.
Washington Moves: The New Cold War Is About Minerals
The conversation repeatedly returns to Washington because that’s where the momentum is. Moore again is careful but clear:
Fast-41 permitting underscores it. The administration proactively approached Energy Fuels to place Roca Honda on the expedited federal permitting dashboard. And more are likely on the way.
Medical Isotopes: The Quiet “Blue Sky” That Could Be Bigger Than Everything Else
Near the end of the interview, Moore casually drops what may be the single most impactful long-term revenue opportunity in the company: Extracting radium from Energy Fuels’ process streams to produce extremely high-value medical isotopes.
These rare alpha-emitting isotopes, like actinium-225, are showing near-miraculous results in early cancer trials. They sell for millions of dollars per gram, and no U.S. source exists today.
If successful, this could become one of the highest-margin businesses in the entire resources sector.
It all adds up to one unavoidable conclusion: Energy Fuels is not just a uranium miner. It is becoming the most important critical minerals company in America. It produces more U.S. uranium than anyone else. It is the only domestic producer of heavy rare earths. It is advancing multiple fast-tracked uranium mines. It is building a global rare earth supply chain. And it is positioning itself to enter a medical isotopes market that could dwarf everything else.
And we’ll get back to our regularly scheduled programming after Thanksgiving, with no episode next week.
November 20, 2025
This 343rd episode of Investing in Bizarro World is a deep dive into what might be the most important, and misunderstood, critical minerals company in America.
Energy Fuels’ Senior VP of Marketing & Corporate Development, Curtis Moore, walks us through how the company went from a tiny mining outfit fighting lawsuits in Arizona to one of the nation’s most strategically important energy and technology suppliers.
And he does it with the calm confidence of someone who knows he’s sitting atop the only real, fully integrated critical minerals hub in the United States. Below is a brief summary of the episode, which you may need to watch twice because it’s so densely packed with information.
A Miner Too Busy to Hunt Elk Because Washington Finally Woke Up
Moore jokes that he hasn’t been able to slip away to hunt elk this year because he’s been spending so much time in Washington, D.C. And there’s a reason for that: The Trump administration has come storming out of the gate with an agenda laser-focused on reshoring uranium, rare earths, and critical minerals. And Energy Fuels is at the center of the storm.
Moore hints (without crossing any lines) that demand for meetings, project proposals, and strategic partnerships has exploded. Energy Fuels isn’t just pitching ideas; it's walking into federal offices with actual kilograms of high-purity critical metals produced on U.S. soil.
Pinion Plain: A U.S. Uranium Mine That’s Actually Exceeding Expectations
Pinion Plain is beating every model the company ever had.
In a uranium market holding in the mid-$70s per pound, the margin profile is extraordinary.
Moore makes clear that the grades, thickness, and continuity of the ore body strongly suggest the deposit is far larger than the legacy 3-million-pound resource estimate. They simply haven’t updated the model yet.
In a market full of “theoretical” uranium projects, Energy Fuels is producing real pounds at real margins right now.
White Mesa: America’s Only Operating Uranium and Rare Earth Mill
Many investors still think of Energy Fuels as “just” a uranium miner. Moore corrects that misconception with a sledgehammer:
White Mesa is the only operating conventional uranium mill in the United States.
But it’s also becoming one of the world’s only integrated processing hubs for light AND heavy rare earths.
This distinction is fundamental:
Curtis lightly points out something almost no one in mainstream markets knows: Energy Fuels is the only U.S. company producing heavy rare earth oxides today.
That puts the company in an entirely different category from MP Materials and aligns it squarely with national-security interests.
The Global Expansion
If White Mesa is the engine, Energy Fuels’ global feedstock strategy is the fuel. Moore walks through their three key mineral sands projects:
When all three are in production, Energy Fuels expects to produce volumes on par with MP Materials and Lynas, but with much better heavy rare earth exposure.
Washington Moves: The New Cold War Is About Minerals
The conversation repeatedly returns to Washington because that’s where the momentum is. Moore again is careful but clear:
Fast-41 permitting underscores it. The administration proactively approached Energy Fuels to place Roca Honda on the expedited federal permitting dashboard. And more are likely on the way.
Medical Isotopes: The Quiet “Blue Sky” That Could Be Bigger Than Everything Else
Near the end of the interview, Moore casually drops what may be the single most impactful long-term revenue opportunity in the company: Extracting radium from Energy Fuels’ process streams to produce extremely high-value medical isotopes.
These rare alpha-emitting isotopes, like actinium-225, are showing near-miraculous results in early cancer trials. They sell for millions of dollars per gram, and no U.S. source exists today.
If successful, this could become one of the highest-margin businesses in the entire resources sector.
It all adds up to one unavoidable conclusion: Energy Fuels is not just a uranium miner. It is becoming the most important critical minerals company in America. It produces more U.S. uranium than anyone else. It is the only domestic producer of heavy rare earths. It is advancing multiple fast-tracked uranium mines. It is building a global rare earth supply chain. And it is positioning itself to enter a medical isotopes market that could dwarf everything else.
And we’ll get back to our regularly scheduled programming after Thanksgiving, with no episode next week.