Energy Fuels Expands White Mesa Mill for Heavy Rare Earth Oxides

Energy Fuels Inc., a leading U.S. critical materials company, has commenced expansion of its White Mesa Mill in Utah to enable commercial-scale production of heavy rare earth oxides, including terbium, dysprosium, samarium, europium, and gadolinium. This $104 million project, expected to be completed by the end of 2028, complements the mill's existing light rare earth oxide production and supports the company's vision of a fully integrated Western mine-to-magnet supply chain. The expansion will supply rare earth metals, alloys, and magnets for automotive, robotics, data center, energy, and defense sectors, bolstering North American and European supply chains.

The expansion will be funded through government support and company capital, with commercial production relying on monazite feedstock from the Donald Project in Australia and other sources. Energy Fuels plans to integrate this capacity with its pending acquisitions of Australian Strategic Materials Ltd. and Vacuumschmelze GmbH, creating a mine-to-magnet platform capable of producing permanent magnets for millions of electric vehicles, humanoid robots, and advanced technologies annually. The company's stock trades on the NYSE American (UUUU) and TSX (EFR), and it continues to lead in uranium production while expanding into rare earths and medical isotopes.

This strategic move underscores Energy Fuels' commitment to reducing dependence on Chinese rare earth processing and strengthening domestic supply chains. For more details, visit the full press release at https://ibn.fm/S04FF. The news was distributed via MiningNewsWire, a platform that delivers corporate communications solutions and editorial syndication to over 5,000 outlets, part of IBN's Dynamic Brand Portfolio.