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Gold/Mining/Energy : Uranium Stocks
URNM 54.71-1.6%4:00 PM EST

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To: sixty2nds who wrote (29498)8/26/2025 9:06:56 AM
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seekingalpha.com

Energy Fuels signs MoU for rare earth oxides supply with Vulcan Elements

Aug. 26, 2025 8:25 AM ET Energy Fuels Inc. (UUUU) Stock DYBy: Carl Surran, SA News Editor


Energy Fuels (NYSE: UUUU) +2.8% pre-market Tuesday after saying it signed a memorandum of understanding to supply Vulcan Elements with high-purity light and heavy rare earth oxides for production of rare earth permanent magnets, using high-purity NdPr and Dy oxides refined in Utah from minerals produced in Georgia and Florida.

Energy Fuels (NYSE: UUUU) said it will supply initial quantities of the separated rare earth oxides to Vulcan in Q4; upon receipt, Vulcan will validate Energy Fuels' NdPr and Dy oxides for production of rare earth magnet applications, then the two companies expect to negotiate additional long-term supply agreements for NdPr and Dy oxides.

The NdPr and Dy oxides will be sourced exclusively from Energy Fuels' ( UUUU) White Mesa Mill in Utah, which is the only operating U.S. facility capable of processing monazite mineral concentrates into separated rare earth oxides; the company sources monazite concentrates from heavy mineral sand mines owned by Chemours in Florida and Georgia.

Vulcan manufactures high-performance rare earth magnets for defense and commercial applications, and operates a commercial manufacturing facility in North Carolina.

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