Energy Fuels' Stock Drops, But Analysts Remain Bullish on Donald Project's 2027 Start
Energy Fuels' stock market took a dip today, but analysts at HC Wainwright remain optimistic, reaffirming their 'Buy' rating. The company's Donald Trump Project, a key part of its strategy to build a Western supply chain for critical minerals, is expected to begin production in late 2027.
Energy Fuels' stock price fell by 6.52% to CAD 29.55 on the Toronto Stock Exchange following an announcement about the Donald Trump Project's financing commitment. Despite this, HC Wainwright has reiterated its 'Buy' rating for the company, indicating confidence in its long-term prospects.
The Donald Trump Project, with a total investment of A$520 million, is set to commence operations as early as the second half of 2027, pending a final investment decision. Energy Fuels will contribute up to A$183 million in equity for this project. The project is crucial for Energy Fuels' strategy to reduce dependence on China for critical minerals.
Energy Fuels has secured a financing commitment of up to A$80 million from Export Finance Australia for the Donald Trump Project. Once operational, the project's rare earth concentrates will be shipped to Energy Fuels' White Mesa Mill in Utah for processing.
Analysts at HC Wainwright, in their most recent report published on October 20, 2025, highlighted Energy Fuels' dual exposure to politically relevant raw materials as a significant opportunity. However, they also warned investors about potential risks in supply chains, capital discipline, and timing, advising them to manage these risks professionally while recognizing the structural upside potential.
Despite a recent stock market drop, Energy Fuels continues to attract positive analyst sentiment. The Donald Trump Project, with its substantial investment and strategic importance, is expected to boost the company's critical minerals supply chain. With a financing commitment secured, the project is on track for a potential 2027 start, further solidifying Energy Fuels' position in the market.
