Mentioned:
Energy Fuels is ramping up their rare earth oxide production capabilities. And it might just be the beginning.
What’s happening:
- Energy Fuels (NYSE: UUUU) has produced their first kilogram of dysprosium oxide at pilot scale at their White Mesa Mill located in Utah
By the numbers:
- Energy Fuels’ pilot scale production of dysprosium oxide achieved high purity of 99.9%
Why it matters:
- This is the first time ever that Energy Fuels has produced dysprosium oxide at their White Mesa Mill, which is a critically important input for manufacturing rare earth magnets used in electric vehicles, renewable energy infrastructure and military technologies
Going deeper:
- Energy Fuels has publicly stated they expect to be able to produce 2 kilograms of dysprosium oxide per week at their White Mesa Mill while still operating at pilot scale
- Energy Fuel has aggressively been making moves to deepen their bet on rare earth elements, including just cutting a notable deal with Astron Corporation (ASX: ATR) to earn a 49% equity stake in the Donald rare earth mine located in Australia
