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Energy Fuels' Rare Earth Expansion Boasts $1.9B NPV, Targets U.S. Supply Gap

Energy Fuels reveals a $1.9B NPV for its Utah rare earth plant expansion, aiming to supply key U.S. demand with 6,000+ tonnes of NdPr oxide annually by 2029.

This development is crucial for reducing U.S. dependence on foreign rare earth supplies, particularly from China, which currently dominates the global market. Rare earth elements are essential for modern technologies, including electric vehicles, renewable energy systems like wind turbines, consumer electronics, and defense applications. By establishing a large-scale, low-cost domestic production facility, Energy Fuels is addressing a critical national security and economic vulnerability. For consumers and industries, this means greater supply chain stability, potential cost reductions for green technologies, and support for the energy transition. Investors should note the project's robust economics (33% IRR) and strategic timing, as demand for rare earths is projected to surge with the global shift toward electrification and decarbonization.