This article has been disseminated on behalf of Energy Fuels Inc. and may include paid advertising.
Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced it has successfully produced its first kilogram of 99.9% pure terbium oxide at its White Mesa Mill in Utah using U.S.-sourced monazite ore, meeting specifications for global rare earth permanent magnet manufacturers. The milestone follows recent production of nearly 30 kilograms of 99.9% dysprosium oxide and supports the company’s strategy to establish a secure domestic supply of critical heavy rare earth materials. Energy Fuels said pilot-scale production will continue at roughly one kilogram per week, with plans to expand to commercial-scale output as early as 2027, targeting annual production of up to 12 tonnes of terbium and 35 tonnes of dysprosium, alongside broader rare earth oxide capacity growth tied to future circuit expansions.
To view the full press release, visit https://ibn.fm/5VsFR
About Energy Fuels
Energy Fuels is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, Energy Fuels also produces advanced rare earth element products, vanadium oxide (when market conditions warrant), and is evaluating the potential recovery of certain medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy cancer treatments. Energy Fuels is also developing three additional heavy mineral sands projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. Energy Fuels is based in Lakewood, Colorado, near Denver. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and its common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” For more information on all Energy Fuels does, please visit http://www.energyfuels.com
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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