Energy Fuels Achieves Milestone in Rare Earth Production for Magnets
Energy Fuels Inc., a prominent player in the U.S. critical materials sector, has recently announced a pivotal achievement in the production of rare earth elements (REEs). The company's high-purity dysprosium oxide, produced at its White Mesa Mill in Utah, has met the rigorous quality standards set by a leading South Korean manufacturer specializing in permanent magnets. This successful qualification not only highlights Energy Fuels' commitment to building a robust domestic supply chain for rare earth materials but also reinforces the significance of dysprosium oxide in the global market.
Dysprosium oxide (Dy) serves as a crucial additive in neodymium-iron-boron (NdFeB) permanent magnets, which are critical components in numerous advanced technologies, including electric vehicles (EVs), hybrid vehicles, advanced robotics, and high-performance defense systems such as drones, missiles, and jet engines. The magnetic properties enhanced by dysprosium oxide are particularly essential for applications where durability and efficiency are paramount.
Mark S. Chalmers, CEO of Energy Fuels, expressed his pride in this accomplishment, stating that it marks yet another milestone in the company’s strategy to expand its capabilities in the rare earth sector. This achievement is underscored by the validation from a reputable third-party user, showcasing the company's ability to produce high-purity separated 'heavy' rare earth oxides from monazite.
In recent months, Energy Fuels has made noteworthy strides in the REE industry, following the earlier qualification of its neodymium-praseodymium (NdPr) oxide for NdFeB magnet production. This positions Energy Fuels as possibly the first U.S. company to have both 'light' and 'heavy' rare earth elements qualified for permanent magnet applications, a significant feat that contributes to the rebuilding of the domestic rare earth supply chain.
The ability to produce dysprosium oxide in strategic quantities is not just a corporate milestone; it has vital implications for U.S. national defense. With recent export restrictions imposed by China on several critical rare earths, including dysprosium, terbium, and samarium, the U.S. is keen to develop its own resilient supply chain for these essential materials. Currently, the supply of 'heavy' REE oxides outside of China is notably limited, making Energy Fuels' advancements particularly timely.
As of now, the company has successfully produced approximately 29 kilograms of high-purity dysprosium oxide at a pilot scale, with purity levels reaching 99.9%, surpassing the automotive industry’s requirement of 99.5%. In addition, Energy Fuels is set to commence pilot production of terbium oxide shortly, with expectations that kilogram-scale samples will be available for qualification by early 2026. Terbium oxide is essential for high-temperature permanent magnets used in both electric vehicles and critical defense applications, underscoring the company's strategic focus on diversifying its rare earth offerings.
Looking ahead, Energy Fuels plans to scale up production capabilities for both terbium and potentially samarium oxides, which are integral to other advanced technologies and defense systems. The company’s infrastructure development activities are expected to facilitate commercial-scale production of dysprosium, terbium, and other necessary rare earth elements by as soon as Q4 of 2026.
In conclusion, Energy Fuels’ recent advancements in rare earth oxide production are a significant step forward, not only for the company but for the U.S. in terms of national security and technological independence. The ongoing development of a domestic supply chain for critical materials such as dysprosium oxide plays a critical role in ensuring the country's future in environmentally friendly technologies and defense capabilities.