Can't Decide Between Investing in Rare-Earth Materials and Nuclear Energy? This Under-the-Radar Stock Provides Exposure to Both Industries.

The hype surrounding rare-earth and nuclear energy stocks may be a little tempered compared to where it was last year, but there's no denying these topics remain among the most popular trends for growth investors right now.

But for those who feel limited in their ability to gain exposure to both opportunities, there's a simple, one-stop-shop solution -- a single stock that provides both rare-earth and nuclear energy exposure.

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Domestic uranium production is this company's forte

As data center operators embrace nuclear energy solutions, growth investors have two compelling routes to consider right now. Fortunately, Energy Fuels (NYSEMKT: UUUU) makes it easy for them as the company is involved in both rare-earth elements and uranium production.

With respect to uranium, Energy Fuels conducts mining operations at La Sal in Utah and Pinyon Plain in Arizona. In addition, the company operates the White Mesa Mill, which it characterizes as the "only fully licensed and operating conventional uranium mill in the United States."

Energy Fuels is also positioned to grow its uranium operations thanks to several development projects in the pipeline. The Sheep Mountain Project, for example, is one of the largest uranium projects in the U.S., with over 30 million pounds of uranium resources, according to Energy Fuels.

The company's uranium business is off to a strong start this year. Through the first half of 2026, Energy Fuels produced 1.7 million pounds of finished triuranium octoxide, the concentrated uranium product made after uranium is removed from mined rock. Initially, Energy Fuels had projected a full-year guidance range of 1.5 to 2.5 million pounds of triuranium octoxide.

On a shopping spree to grow its rare-earth operations

Thanks to the considerable political enthusiasm for U.S.-based rare-earth production, growth investors also stand to benefit from Energy Fuels' expanding rare-earth elements business. This summer, the company took a major step toward that end, beginning construction on the expansion of the White Mesa Mill -- a project that will allow the large-scale production of heavy rare-earth oxides.

In addition to the organic routes it's taking to grow this business, Energy Fuels is embracing acquisitions. At the end of August, Energy Fuels completed the acquisition of Australian Strategic Materials (ASM), which will help the company to add 1,300 metric tons of neodymium-iron-boron alloy production capacity at ASM's Korean Metals Plant.

Expected to close in early 2027, Energy Fuels' acquisition of VAC, an advanced magnetics production specialist, will help the company further expand its rare-earth business. Energy Fuels states that the acquisition will help it become "the first western company with geographically diversified commercial capabilities across every critical step of the rare-earth value chain."

Is now a good time to load up on Energy Fuels stock?

With Energy Fuels shares falling more than 30% over the past six months, investors have a much more attractive entry point to start a position now. It's important to recognize, though, that only those comfortable with more speculative investments should consider taking positions, since the company isn't profitable. For those who are more risk-averse, nuclear energy exchange-traded funds (ETFs) or rare-earth ETFs that include Energy Fuels among their holdings may be better options.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.