Energy Fuels Achieves Major Milestone with Dysprosium Production
Energy Fuels Sets New Standards in Dysprosium Production
Energy Fuels is embarking on an ambitious venture to enhance its production capabilities at the White Mesa Mill, where plans for large-scale production of dysprosium, terbium, and potentially other heavy rare earth oxides are set in motion. This key development places the company on the roadmap towards significant growth in the rare earth elements market.
Successful Production Milestone Achieved
Recently, Energy Fuels Inc. (NYSE: UUUU) marked a remarkable achievement by successfully producing its first kilogram of dysprosium (Dy) oxide at the pilot scale. The purity of this initial production reached an impressive 99.9%, exceeding the standard commercial requirement of 99.5%. This milestone underscores Energy Fuels' commitment to producing high-quality rare earth materials that meet industry demands.
Production Capacity and Market Interest
The White Mesa Mill is projected to maintain a production rate of two kilograms of dysprosium oxide per week. Energy Fuels is proud to be the first company in the United States to publicly share its production volumes and purity levels of high-quality Dy oxide. The ore used in this production is sourced from monazite mined from strategic locations within the country, showcasing the company’s ability to establish a robust and non-Chinese supply chain for rare earth oxides. Major magnet manufacturers and several original equipment manufacturers (OEMs) are already keenly interested in these samples for validation processes.
Future Plans for Terbium Production
Looking ahead, Energy Fuels plans to transition to producing high-purity terbium (Tb) oxide, aiming for the first samples by late 2025. The potential for commercial scale Dy and Tb production at the White Mesa Mill is promising, with full operations anticipated to begin as early as the end of 2026. This expansion is a strategic move to fulfill both commercial and defense sector needs in the U.S.
Industry Impact and Domestic Supply Chain Development
As stated by Energy Fuels CEO Mark S. Chalmers, the achievement of high-purity dysprosium oxide production is a significant leap toward ensuring a reliable domestic supply of heavy rare earth oxides for various applications. This high-quality material is now ready for independent testing and further validates the operational capabilities of the company’s facilities in delivering world-class critical minerals within the U.S.
Success in Light Rare Earth Production
This summer, the completion of the commercial scale light rare earth oxide circuit at the White Mesa Mill marked another success for Energy Fuels. The production run of on-spec neodymium-praseodymium (NdPr) oxide, vital for permanent magnets utilized in electric vehicles, drones, and advanced technologies, has already garnered approval from manufacturers worldwide. The company remains focused on delivering essential materials to the market, including focuses on sustainability and advancing technologies.
About Energy Fuels
Energy Fuels operates as a prominent U.S.-based producer of critical minerals, specializing in uranium, rare earth elements, and other essential materials. As the leading domestic producer of natural uranium concentrate, Energy Fuels has established itself as a key player in the carbon-free nuclear energy sector. The company owns the White Mesa Mill, which stands as the only fully licensed uranium processing facility in the nation. At this operational site, it also produces advanced rare earth products while exploring additional avenues for recovery of specialized medical isotopes.
Frequently Asked Questions
What recent milestone did Energy Fuels announce regarding dysprosium?
Energy Fuels successfully produced its first kilogram of dysprosium oxide at a 99.9% purity, marking a significant achievement in rare earth production.
How does Energy Fuels plan to expand its production capabilities?
The company aims to establish large-scale production facilities for dysprosium, terbium, and potentially other heavy rare earth oxides at the White Mesa Mill.
What is the expected production rate of dysprosium oxide at the Mill?
The Mill is expected to produce dysprosium oxide at a rate of two kilograms per week.
Why is Energy Fuels' production significant for the U.S. market?
Energy Fuels is the first U.S. company to produce high-purity dysporsium oxide, enhancing the domestic supply chain for critical rare earth materials.
What future projects does Energy Fuels have planned?
The company is targeting the production of high-purity terbium oxide by late 2025 and aims to scale up production capacities in the next few years.
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