Curated News
By: NewsRamp Editorial Staff
January 15, 2026

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

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TLDR

  • Energy Fuels' Phase 2 expansion positions it as a dominant, low-cost rare earth producer with strong financials, offering investors a competitive edge in the critical materials market.
  • The feasibility study outlines a $410 million capital cost, 33% IRR, and plans to produce over 6,000 tonnes annually by 2029 after regulatory approval in 2027.
  • This expansion strengthens U.S. rare earth supply chains, reducing dependence on foreign sources and supporting sustainable energy and technology development for a cleaner future.
  • Energy Fuels' Utah mill could become one of the world's largest rare earth oxide producers, transforming uranium processing into a hub for advanced materials.

Impact - Why it Matters

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.

Summary

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based critical materials company, has announced highly promising results from a new Bankable Feasibility Study for its planned Phase 2 rare earth element (REE) processing circuit expansion at its 100%-owned White Mesa Mill in Utah. The study confirms strong economics, competitive costs, and the potential for the facility to supply a significant share of U.S. rare earth demand. Key financial metrics include an estimated initial capital cost of $410 million, an after-tax net present value (NPV) of $1.9 billion at an 8% discount rate, and an impressive internal rate of return (IRR) of 33% for the Phase 2 Circuit on a standalone basis. When paired with the company's Vara Mada heavy mineral sands project, the combined NPV rises to $3.7 billion, underscoring the strategic value of Energy Fuels' integrated approach to critical minerals.

The expansion, known as the Phase 2 Circuit, is a pivotal development for domestic supply chains. Upon commissioning, it is expected to expand the Mill's production capacity for neodymium-praseodymium (NdPr) oxide—crucial for high-strength permanent magnets used in electric vehicles and wind turbines—to more than 6,000 tonnes per year. This would position the White Mesa Mill among the world's largest and lowest-cost producers of both light and heavy rare earth oxides. The company anticipates receiving regulatory approval by mid-2027, with construction and commissioning targeted for completion by the first quarter of 2029. For more detailed information, stakeholders can view the full press release. Energy Fuels' broader portfolio includes uranium production, vanadium, medical isotopes, and heavy mineral sands projects like Vara Mada in Madagascar and Bahia in Brazil, highlighting its diversified role in the energy and technology sectors.

This announcement was disseminated through the BillionDollarClub, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which provides extensive distribution and corporate communications solutions. The platform leverages tools like InvestorWire for wire solutions and social media distribution to amplify news for companies like Energy Fuels. This strategic partnership ensures the news reaches a wide audience of investors and industry observers, enhancing brand awareness and market recognition. The involvement of such a platform underscores the significance of this development within the investment community and the broader push for secure, domestic sources of critical materials.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Energy Fuels' Rare Earth Expansion Boasts $1.9B NPV, Targets U.S. Supply Gap

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