Energy Fuels (UUUU) Starts Rare Earth Production at White Mesa Mill Project

Energy Fuels Inc. (NYSE:UUUU) is one of the best rare earth stocks to buy now. On July 17, the company announced it had started producing rare earth element oxides at its White Mesa Mill project in Utah.

The company has started producing dysprosium oxide at a minimum purity of 99.5%. It plans to continue pilot scale dysprosium oxide production until the end of September 2025, while targeting 15kg of production. In addition, the company is on track to start producing terbium oxide in October 2025, with samarium oxide production scheduled for January 2026. Energy Fuels is targeting commercial-scale production of the heavy rare earth oxides as early as the fourth quarter of 2026.

The company plans to start production of rare earth metals at the permitted Donald Project in Australia in the fourth quarter of 2027. The project contains monazite and xenotime minerals.

“Energy Fuels is in a unique position to produce the heavy rare earth oxides needed by other U.S. producers to make rare earth metals, alloys and magnets,” said Mark Chalmers, president and CEO of Energy Fuels.

Energy Fuels Inc. (NYSE:UUUU) is an exploration and mining company involved in the extraction and mining of rare earth elements (REEs). It is focused on becoming a significant domestic supplier of rare earth elements, with a particular emphasis on neodymium-praseodymium (NdPr), a key component in permanent magnets used in electric vehicles and other technologies.

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