Energy Fuels Inc. (UUUU) Announces Signing of Memorandum of Understanding with Vulcan Elements

With significant hedge fund interest, Energy Fuels Inc. (NYSE:UUUU) secures a spot on our list of the 12 Best Uranium Stocks to Buy Right Now.

On August 26, 2025, Energy Fuels Inc. (NYSE:UUUU) announced the signing of a Memorandum of Understanding with Vulcan Elements to build a secure U.S.-based rare earth magnet supply chain. With this move, the company aims to reduce reliance on China, delivering high-purity neodymium-praseodymium (NdPr) and dysprosium (Dy) oxides from its White Mesa Mill in Utah for validation in Q4 2025.

Under this move, Energy Fuels Inc. (NYSE:UUUU) aims to pave the way for long-term supply agreements and strengthen its supply resilience for critical technologies spanning defense, AI, semiconductor, and electric vehicles, leveraging its position as the only U.S. producer of separated rare earth oxides and Vulcan’s North Carolina magnet manufacturing facility.

Energy Fuels Inc. (NYSE:UUUU), a U.S.-based critical minerals company, produces uranium, rare earth elements, vanadium, heavy mineral sands, and medical isotopes for clean energy, defense, and healthcare applications. It is one of the best uranium stocks.

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