Energy Fuels Begins Heavy Rare Earth Production at Utah Mill

Energy Fuels Inc. (NYSEAmerican: UUUU) has recently initiated pilot-scale production of heavy rare earth oxides, including dysprosium, at its White Mesa Mill in Utah, with plans to produce terbium and samarium oxides by late 2025 and early 2026 respectively. This development positions the company as a potential first U.S. commercial supplier of heavy rare earth elements critical for high-performance technologies and military applications. The U.S. Department of Energy (DOE) has launched a program to revive the domestic nuclear fuel supply chain by inviting applications for companies to build and operate nuclear fuel production lines, an initiative that aligns well with Energy Fuels' existing infrastructure and operational expertise. The company is seen as a prime candidate for this program, which aims to reduce dependence on foreign enriched uranium and support advanced reactor development, offering a significant catalyst for investors. Despite strong recent price momentum and a 52-week high share price, Energy Fuels faces bearish sentiment among some large investors in options markets and shows weak fundamental metrics in value and growth scores. Overall, Energy Fuels is strategically positioned at the intersection of critical minerals production and the U.S. nuclear renaissance, with government support potentially enhancing its market role and valuation.