Blockchain Registration Transaction Record

Energy Fuels & Vulcan Elements Partner for US Rare Earth Magnet Supply Chain

Energy Fuels and Vulcan Elements partner to create US rare earth magnet supply chain, reducing China dependency for defense and tech applications including EVs and AI systems.

This partnership directly addresses critical national security and economic concerns by reducing America's dependence on China for rare earth magnets, which are essential components in defense systems, electric vehicles, renewable energy technologies, and advanced electronics. For consumers and industries, this means greater supply chain stability, reduced vulnerability to geopolitical tensions, and support for domestic manufacturing jobs. The development strengthens US technological independence in sectors crucial to national defense, clean energy transition, and technological innovation, ensuring reliable access to materials that power modern infrastructure and military capabilities.