Energy Fuels surged more than 12% after announcing a memorandum of understanding with Vulcan Elements to supply high-purity light and heavy rare earth oxides for rare earth permanent magnet production.
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Energy Fuels announced the successful pilot-scale production of its first kilogram of dysprosium oxide at the White Mesa mill in Utah, achieving 99.9% purity, exceeding the 99.5% commercial specification.
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Energy Fuels surged 11.2% to its highest level since April 2022 on Thursday after announcing it has started producing heavy rare earth element oxides at pilot scale at its White Mesa mill in Utah—the only U.S.-licensed uranium mill.
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