$Energy Fuels.US If you had been shorting all the way through this wave, you probably would have cursed me three times already. Up 418% in a year, and another +15% in April, I didn't believe it at the time either. But this isn't sentiment, it's fact — the White Mesa Mine actually produced 1M+ lbs of U3O8 in 2025, and Pinyon Plain plus La Sal added another 1.6M lbs, 11% higher than the company's own guidance. This is the very rare "production exceeding their own talk" in the mining industry. Catalysts are already on the table — new CEO Ross Bhappu took office in April (this guy comes from a mining investment background, not a PR CEO), with Q1 earnings on May 7th. More crucially is the matter of 99.9% pure terbium oxide: Energy Fuels is quietly transforming from a "uranium miner" into a "uranium + rare earths dual-core" company. What the US lacks most right now is a domestic rare earth supply chain, and this is a story that hasn't been fully priced in. I won't chase it in the short term — the $20 level is already +46% from last year's $14, and an emotional pullback could come at any time. But I'm willing to lie flat and hold within the range before May 7th. If the earnings report reveals specific customers for the rare earth contracts, the story will turn another page. No price target given, uranium prices themselves are too unpredictable. But after looking at this whole set of data, I don't dare short it.