r/UUUU_Stock

https://www.stocktitan.net/sec-filings/UUUU/144-energy-fuels-inc-sec-filing-da04420752db.html

Former CEO of Energy Fuels sells 200,000 shares of UUUU today for $2.9M, or roughly 14.50 per share. When Mark Chalmers left his CEO position on 3/3/2026 shares were just under 21.00 per share. I‘d interpret this as a bearish signal, thoughts?

Over the past several months I've been digging into the unusual activity in silver and broader precious metals markets: the vault drains, the record delivery volumes, and the price volatility, in an effort to figure out whether there's a real story here or just noise.
What I found is a pattern that, at least to me, looks like more than coincidence: a growing overlap between what's happening in these markets and the major government initiatives now underway around critical minerals.

This post lays out that connection. None of this should be taken as investment advice: just my own research and my own theory, which I'm putting out there for others to poke holes in, add to, or shoot down entirely. Take it for what it's worth and please do your own digging before drawing any conclusions.

Views are my own and not in any way endorsed by my employer. Our firm is neither involved in, nor positioned in, any of the securities or companies mentioned. None of the information in this post, or elsewhere on my page, should at any point ever be misconstrued as neither investment nor financial advice. Please be sure to do your own research, always.

See for yourself here: https://docs.google.com/document/d/1uDROwpDlUvp398tvEWmgn9laHn2pbKgb0vpH05KB6mc/edit?usp=sharing

Version with images (no Imgur links): https://docs.google.com/document/d/1Oj-v5Ik_JkM_ZP7QP3mpB9lLKAvrkDN8THm8JeQzIu0/edit

Good article, lays out the business case for owning the "toll booth" to "the future".

HREEs aren't just for magnets, although Phase 1 ALOY's roll-out will be for Primes ----> ALOY is poised to capture many other verticals (and more importantly, approved budgeted massive critical infrastructure projects).

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https://finance.yahoo.com/energy/article/electricity-demand-is-set-to-grow-faster-than-the-global-economy-amid-the-ai-boom-chart-of-the-day-100000388.html

After a decade of stagnant power demand, the economy is undergoing a massive wave of electrification, Bank of America metals strategists led by Michael Widmer wrote in a recent note to clients.

Electricity demand is now expected to grow significantly faster than GDP for the next two and a half years.

Global power usage by data centers is expected to grow from a current level of around 55 gigawatts to 84 gigawatts — equivalent to the power usage of roughly 70 million homes — in only the next two years, according to research from Goldman Sachs.

The electricity needs of the infrastructure will force further build-outs of global power grids, all of which require substantial amounts of metals for wiring, transformers, and other components.

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REalloy's core focus for Phase 1 are the HREEs Dysprosium (Dy) and Terbium (Tb), which play an indispensable, hidden role in the physical infrastructure layer of AI compute factories and systems; the massive power densities and thermal profiles of AI clusters require physical hardware that depends fundamentally on HREEs.

- Advanced Data Center Cooling Infrastructure

- Mass Data Storage Systems

- Advanced Semiconductor Manufacturing Equipment

- Power Infrastructure and Clean Energy Grid Tie-Ins

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Phase 1 is the closed loop for GM Defense and their Prime partners. Keep in mind, ALOY's furnace is modular, scalable and can be deployed globally, all weather too.

Dept of War's MOU with REalloys specifies Dysprosium (Dy) and Terbium (Tb) two of the most critical and highest-value HREEs.

https://finance.yahoo.com/sectors/energy/articles/realloys-nasdaq-aloy-receives-department-112200537.html

On Friday, June 26, 2026, Canada and Japan finalized a billion-dollar critical minerals alliance aimed at securing supply chains and creating a shared metals stockpile.

Concurrently, the European Union officially signed onto the U.S.-led "Pax Silica" economic-security pact, establishing a unified transatlantic front to control advanced semiconductor manufacturing and AI infrastructure

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Middle Powers Alignment

This alliance shifts the defensive paradigm from broad, slow-moving multi-nation coalitions to hyper-focused, agile syndicates.

Canada and Australia act as the resource anchors. Japan ensures that the extracted minerals are converted into usable technology. France provides the political and financial leverage to shield this ecosystem.

Canada-Japan Critical Minerals Alliance

Following the broader G7 Summit framework established in Évian, France, Canada and Japan advanced a strategic bilateral partnership.

Canada's Minister of International Trade announced that the two nations are exploring joint critical mineral projects and a shared metals stockpile to diversify supply chains away from market concentration.

Commercial deals exceeding C$1 billion were signed between Canadian and Japanese firms.

Strengthening critical mineral value chains

China holds a dominant position in this strategic sector, as they control the entire value chain, from extraction and refining to industrial processing.

These Middle Powers want to encourage the diversification of supply chains and strengthen critical mineral value chains from industrial, financing, trade, traceability and transparency, storage and recycling perspectives.

By working with its G7 partners, France (financing) wants to create mutually beneficial partnerships and ensure greater security for the supply of essential resources.

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Pax Silica

The agreement establishes a coordinated approach across five critical domains:

- Critical mineral refining, energy inputs, advanced manufacturing, semiconductors, and AI infrastructure.

The explicit objective is the mitigation of China's near-monopoly on midstream mineral processing and legacy chip assembly.

The European Commission signed the declaration on behalf of the 27 European Union member states, expanding the pact to 24 formal signatories and over 35 aligned economies backing a parallel Joint Statement on AI Opportunity.

The accession of the European Union fundamentally shifts Pax Silica from a US-centric diplomatic initiative into a global supply chain cartel

The Pax Pass system

Backed by an initial $50 million funding deployment, this AI-driven customs and provenance network coordinates with key maritime authorities, including Panama, to establish expedited, friction-free transit lanes through the Panama Canal.

This ensures that restricted critical minerals, semiconductor substrates, and microchips move through secure, audited supply chains without border delays.

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Sources

https://letsdatascience.com/news/pax-silica-pact-excludes-china-empowers-defense-firms-34325425

https://us.diplomatie.gouv.fr/en/g7-priorities-evian-summit

https://www.indexbox.io/blog/canada-and-japan-explore-joint-critical-mineral-projects-and-stockpile-to-reduce-chinas-dominance/#:~:text=The%20push%20for%20closer%20cooperation%20in%20energy,to%20defense%2C%20automotive%2C%20and%20clean%20energy%20industries.

https://finance.yahoo.com/energy/articles/energy-fuels-announces-definitive-agreement-101500521.html

Energy Fuels (UUUU) signed a deal to buy VACUUMSCHMELZE for ~$1.9B, and the structure is what matters. Once it closes, UUUU can move a rare earth from ore to finished magnet without China touching a single step:

• Ore from the Donald Project in Australia
• Separation at the White Mesa Mill in Utah
• Metal from Korea today (via the ASM acquisition), the U.S. next
• Magnets out of VAC’s Sumter, South Carolina plant

The price tag breaks down as $718M cash, 65.85M newly issued UUUU shares, and up to ~$103M in contingent preferred, landing at ~$1.9B equity value off the June 22 close of $16.12. Add ~$140M of VAC net debt that Energy Fuels takes on.

Look past the headline number, though, and the funding is the tell:
• $250M Goldman Sachs term loan to refinance VAC’s existing debt
• $725M, 20-year conditional loan from the Office of Strategic Capital for the White Mesa expansion and a new U.S. metals plant
• A$220M being lined up with Export Finance Australia for the Donald Project
• $41M U.S. Department of War grant already parked inside VAC

Allied government capital and private capital, layered across four countries. That combination is the actual cost of standing up a supply chain outside China, and almost nobody else is assembling it.

VAC earns the trust, too. Over a century in operation, 400+ patents, 1,000+ customers, DFARS compliant, and already under a Defense Logistics Agency contract feeding the U.S. defense stockpile. Sumter runs 2,000 tonnes a year today with a path to 12,000 as orders arrive.

Targeted close is early 2027. This is what vertical integration looks like when someone actually commits to it. Credit where it’s due.

https://substack.com/@knownquantitystockresearch/note/c-281449300?r=27efz7&utm\_medium=ios&utm\_source=notes-share-action

https://finance.yahoo.com/energy/articles/energy-fuels-announces-definitive-agreement-101500521.html

Massive deal and they're about to close on the ASM acquisition too. Should be announced tomorrow/end of quarter.

Not only has UUUU hit their full year Uranium production target by mid-year, which is impressive, they are now a complete Mine to Magnet, end-to-end HREE entity too.

Accretive acquisition, solid EBITDA growth, just a BFD for the sector in general and a positive for magnet production for Western allied entities.

Full disclosure - UUUU is my 2nd largest holding, ALOY is 1st.