Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has completed production of its first kilogram of dysprosium oxide at pilot scale at the company's White Mesa Mill in Utah, achieving a significant milestone in domestic rare earth element production. The material reached 99.9% purity, exceeding the 99.5% commercial specification, demonstrating the technical capability of U.S.-based rare earth processing.
The production of dysprosium oxide, a critical component in permanent magnets used in electric vehicles, wind turbines, and defense applications, represents a strategic advancement in reducing American dependence on foreign rare earth supplies. Energy Fuels believes it is the first U.S. company to both produce high-purity dysprosium oxide and publicly disclose actual production volumes and purities, setting a new standard for transparency in the domestic rare earth industry.
The White Mesa Mill expects to continue producing dysprosium oxide at a rate of two kilograms per week, utilizing monazite mined from Florida and Georgia. This domestic sourcing and processing chain demonstrates the viability of a fully non-Chinese rare earth oxide supply chain, addressing growing concerns about supply chain security and geopolitical risks associated with rare earth imports.
Multiple magnet manufacturers and original equipment manufacturers have already expressed strong interest in obtaining samples to accelerate validation processes, indicating strong market demand for domestically produced rare earth materials. The successful production at White Mesa Mill, which is the only fully licensed and operating conventional uranium processing facility in the United States, highlights the facility's versatility in processing multiple critical minerals.
For additional information about Energy Fuels' operations and projects, visit http://www.energyfuels.com. Investors can access the latest news and updates relating to UUUU in the company's newsroom at http://ibn.fm/UUUU.
