Energy Fuels' Terbium Oxide Qualifies for Major Japanese Magnet Maker

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of rare earth elements, uranium, and other critical materials, has achieved a significant milestone: its terbium oxide has passed all qualifications for use by one of the world's largest rare earth permanent magnet manufacturers outside China. The Japan-based manufacturer confirmed that the terbium oxide produced at Energy Fuels' White Mesa Mill in Utah meets its specifications and is approved for commercial production of rare earth permanent magnets, with no further validation required. Terbium is a critical element that enhances the heat resistance and performance of high-strength NdFeB permanent magnets, and it currently commands a market price of approximately $5.5 million per tonne, according to Benchmark Mineral Intelligence.

This qualification follows Energy Fuels' earlier announcements regarding the qualification of its neodymium-praseodymium (NdPr) and dysprosium (Dy) oxides for magnet manufacturing. Upon closing its pending acquisitions of Australian Strategic Materials (ASM) and Vacuumschmelze (VAC), Energy Fuels aims to become the leading vertically integrated 'mine-to-rare earth permanent magnet' producer in the U.S. and Europe. The company's White Mesa Mill will supply NdPr, Tb, and Dy oxides as key components of its supply chain, positioning it to meet the growing demand for rare earth magnets in electric vehicles, wind turbines, and other advanced technologies.

Energy Fuels is a diversified critical materials company with a strong focus on uranium and rare earths. It operates the only fully licensed conventional uranium mill in the U.S. and is developing three heavy mineral sands/rare earth projects. The company's shares trade on the NYSE American and TSX. This news underscores Energy Fuels' strategic importance in the global push to secure non-Chinese rare earth supply chains. For more details, visit the full press release at https://ibn.fm/QNWwb.