Energy Fuels Inc. Achieves Major Milestone with U.S.-Mined Rare Earths in EV Magnets

Reuters
2025/09/09
<a href="https://laohu8.com/S/UUUU">Energy Fuels Inc</a>. Achieves Major Milestone with U.S.-Mined Rare Earths in EV Magnets

Energy Fuels Inc. has announced a significant milestone in the production of rare earth elements by confirming that its high-purity neodymium-praseodymium (NdPr) oxide, produced at the White Mesa Mill in Utah, has been successfully manufactured into commercial scale rare earth permanent magnets (REPMs) by South Korea's largest drive unit motor core manufacturer. This achievement marks a decisive step in establishing a "mine-to-magnet" supply chain independent of China, as Energy Fuels' NdPr oxide, mined in Florida and Georgia and processed in Utah, has been qualified for use in electric vehicle $(EV)$ and hybrid EV drive unit motors. These motors are expected to soon power vehicles from major automotive manufacturers worldwide. Additionally, Energy Fuels plans to expand its production capabilities by constructing heavy rare earth oxide capacity in 2026, further enhancing domestic critical mineral supply chains.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Fuels Inc. published the original content used to generate this news brief via CNW (Ref. ID: C0328) on September 09, 2025, and is solely responsible for the information contained therein.

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