#United States #Utah #Energy Fuels Inc #Dysprosium Oxide #Terbium Production

Energy Fuels Achieves First Kilogram of 99.9% Pure Dysprosium Oxide

Energy Fuels Inc., a key player in the U.S. uranium and rare earth elements market, has reached a significant milestone with the completion of its first kilogram of dysprosium oxide (Dy) boasting an impressive purity of 99.9%. This milestone was achieved at the company's White Mesa Mill located in Utah, a facility recognized for its world-class capabilities in processing critical minerals.

The production of dysprosium oxide at the White Mesa Mill not only exceeds the commercial standard of 99.5% purity but also marks Energy Fuels as a pioneer in the U.S. market. The company expects to ramp up production to two kilograms per week, showcasing its commitment to catering to the growing demand for rare earth minerals critical in various high-tech applications.

Future Plans for Terbium Production

Energy Fuels is also eyeing the production of high-purity terbium oxide (Tb), with plans to commence pilot production in the fourth quarter of 2025. This is part of a larger strategy to establish a robust supply chain for 'heavy' rare earth elements in the United States, minimizing the reliance on foreign sources, particularly from China, where many of these materials are predominantly sourced.

The dysprosium and terbium oxides produced in Utah are derived from monazite mined domestically, primarily in Florida and Georgia. Energy Fuels is positioning itself as a leader in the non-Chinese supply chain for these critical oxides, which are crucial for numerous applications, including electric vehicle (EV) components, renewable energy technologies, and defense systems.

Stakeholder Interest and Strategic Implications

The company's significant production capabilities have attracted interest from multiple magnet manufacturers and original equipment manufacturers (OEMs), which are eager to source samples for validation. This interest underscores the urgent need for domestic sources of critical minerals as industries worldwide pivot towards greener technologies.

Moreover, Energy Fuels' high-grade production output could not only fulfill domestic demand but also enhance market competitiveness and create jobs within the U.S. The ongoing pilot project's success leads to plans for constructing commercial-scale separation capacity for dysprosium, terbium, and potentially other rare earth elements. This facility could be operational by late 2026.

CEO’s Perspective on The Development

Mark S. Chalmers, CEO of Energy Fuels, expressed optimism about the implications of producing high-purity dysprosium oxide. He noted, "This advancement signifies a major leap forward for securing a U.S. supply of heavy rare earth oxides for a variety of commercial and defense uses. Our Utah facilities are poised to deliver world-class critical minerals domestically."

The progress made has also laid the groundwork for the design and construction of commercial infrastructure dedicated to heavy rare earth separation at White Mesa. The data and insights obtained from the pilot production will be pivotal in this development.

Conclusion

Energy Fuels’ successful foray into dysprosium oxide production is indicative of its commitment to enhancing the U.S. supply chain for rare earth materials. By continuing to innovate and expand its capabilities in this sector, Energy Fuels not only supports American industry but also contributes to reducing dependency on foreign sources for critical minerals.

As the landscape for electric mobility, renewable energy, and defense continues to evolve, the strategic advancements made by companies like Energy Fuels will play a crucial role in shaping the future of technological innovation in the United States.