Energy Fuels (UUUU) Jumps 41.8% on Rare Earth Boom Ride

We recently published 10 Stocks With Unbelievable Gains This Week. Energy Fuels Inc. (NYSEAmerican:UUUU) is one of this week’s biggest players.

Energy Fuels skyrocketed by 41.82 percent week-on-week, closing Friday’s session at $9.36 versus the $6.6 finish on July 11, bolstered by news that it has begun the production of heavy rare earth oxide.

In a statement, Energy Fuels Inc. (NYSEAmerican:UUUU) said that it is now underway with the production of Dysprosium oxide, also known as dysprosia, at its White Mesa Mill in Utah.

The chemical compound is expected to have a minimum purity of 99.5 percent and exceed 99.9 percent purity.

Energy Fuels Inc. (NYSEAmerican:UUUU) said it targets to complete the production of the first kilogram of the compound within the next 30 days, and expects to continue production on a pilot scale until the end of September 2025, at which it expects to have produced 15 kgs—enough to generate residuals to feed its Terbium circuit beginning October 2025.

If progress continues as planned, the company also targets to kick off production of samarium oxide on a pilot scale in January 2026.

According to Energy Fuels Inc. (NYSEAmerican:UUUU) President and CEO Mark Chalmers, the company is now in a unique position to produce the heavy rare earth oxides needed by US industries to make rare earth metals, alloys and magnets.

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Disclosure: None. This article is originally published at Insider Monkey.