Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Director Dennis Lyle Higgs of Energy Fuels INC (EXCHANGE:UUUU), currently valued at $3.24 billion, sold 7,500 shares of common stock over two days, according to a Form 4 filing with the Securities and Exchange Commission. The stock has shown remarkable momentum, gaining over 230% in the past six months, and currently trades near its 52-week high of $14.41. The sales, which occurred on September 16 and 17, 2025, totaled $103750.
On September 16, Higgs sold 2,500 shares at $13.72. Following this, on September 17, he sold two tranches of 2,500 shares each, at prices of $13.80 and $13.98 respectively. Following these transactions, Higgs directly owns 228881 shares of Energy Fuels INC.
In other recent news, Energy Fuels Inc. has been at the forefront of several significant developments. The company announced that its rare earth elements, mined and processed in the U.S., have been successfully manufactured into permanent magnets for electric vehicles and hybrids. This achievement highlights the quality of the neodymium-praseodymium oxide produced at its White Mesa Mill in Utah. Additionally, Energy Fuels has entered into a collaboration with Vulcan Elements to establish a domestic supply chain for rare earth magnets, aiming to reduce dependence on China. The companies have signed a Memorandum of Understanding, with plans for Energy Fuels to supply high-purity separated rare earth oxides to Vulcan starting in the fourth quarter of 2025.
In other corporate news, Energy Fuels disclosed the planned departure of Executive Vice President Timothy J. Carstens at the end of 2025. This decision was made after determining that his role is no longer necessary for operational reasons. Meanwhile, the broader uranium market has seen significant movements as well. The U.S. Energy Secretary announced plans to increase the national strategic uranium stockpile, boosting shares of uranium companies including Energy Fuels. Furthermore, Kazatomprom’s reduction of its production forecast for 2026 has been viewed positively by analysts, potentially impacting uranium markets favorably.
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