Energy Fuels Gains 8% on U.S. Magnet-Grade Dysprosium Breakthrough

Energy Fuels Inc. (UUUU) have jumped 8% over the past week, since it announced that the 99.9% purity dysprosium oxide produced at its White Mesa Mill has passed the stringent QC (Quality Check) requirements of a major South Korean permanent magnet manufacturer. 

This marks a major technological and strategic breakthrough as its successful production and third-party qualification of magnet-grade, high-purity dysprosium oxide in the United States is a capability that remains extremely rare outside China.  

 This development confirms that its material is not just chemically pure but also functionally suitable for high-performance rare earth permanent magnet applications. This validation is critical as dysprosium is an essential additive in neodymium-iron-boron magnets used in electric vehicles (EVs), advanced automotive systems, robotics, aerospace and a wide range of defense technologies, and very few producers globally can meet magnet-maker specifications at scale. 

The development also carries substantial strategic importance for global supply chain resilience. Dysprosium, along with terbium and samarium, falls within the “heavy” rare earth category and faces severe supply constraints following China’s April 2025 export restrictions.  

This follows the earlier qualification of its NdPr oxide (another key ingredient in REPMs) for use in NdFeB magnet applications.  These achievements position it among the very few U.S. companies capable of supplying both “light” (NdPr) and “heavy” rare earth oxides that are qualified for permanent magnet applications, representing a meaningful step toward rebuilding a secure domestic and allied rare earth ecosystem.  

The company’s plans to scale terbium and samarium oxide production by late 2026 reinforce that this achievement reflects a long-term strategy, not a one-off success, and underscore Energy Fuels’ growing role as an important supplier supporting EV, clean energy and national defense supply chains amid rising geopolitical risk. 

Shares of UUUU have surged 172.1% over the past six months, outperforming the industry’s 36.8% rise.

UUUU Zacks Rank & Key Picks

UUUU currently carries a Zacks Rank of #4 (Sell).

Some better-ranked stocks in the Basic Materials space are Southern Copper Corporation SCCO, First Majestic Silver Corp. AG and CSW Industrials CSW. SCCO sports a Zacks Rank of #1 (Strong Buy), while AG and CSW carry a Zacks Rank of #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for SCCO’s current fiscal-year earnings is pegged at $5.27 per share, indicating a 22% year-over-year increase. Shares of SCCO have jumped 151.5% over the past week.

The Zacks Consensus Estimate for AG’s current fiscal-year earnings stands at 25 cents per share, implying a 279% year-over-year increase. Shares of AG have gained 108.6% over the past week.

The Zacks Consensus Estimate for CSW’s current fiscal-year earnings is pegged at $10.36 per share, indicating a 23.2% year-over-year increase. Shares of CSW have soared 159.4% over the past week.

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This article originally published on Zacks Investment Research (zacks.com).

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