Energy Fuels' (UUUU) Dominance Confirmed as White Mesa Mill Exceeds 2025 Production Targets

Energy Fuels Inc. (NYSE:UUUU) is one of the low priced stocks to buy with high upside potential. On December 19, Texas Capital initiated coverage of Energy Fuels with a Buy rating and $20 price target. The firm highlighted Energy Fuels as a key player in the critical minerals sector, focusing on uranium, vanadium, and rare earth elements. Texas Capital emphasized that the company’s White Mesa Mill in Blanding, Utah, stands as the only operational conventional uranium mill in the US, supporting a licensed annual capacity of 8.0 million pounds.

Energy Fuels Inc. (NYSE:UUUU) announced that its US-produced dysprosium/Dy oxide successfully passed initial purity and QA/QC benchmarks for use by a major South Korean automotive manufacturer. This high-purity material, produced at the White Mesa Mill in Utah, is a critical heavy rare earth element/REE used to improve the durability and performance of neodymium-iron-boron/NdFeB permanent magnets. These magnets are essential for EVs, robotics, and sophisticated defense systems like missiles, drones, and naval reactors.

This achievement marks Energy Fuels Inc. (NYSE:UUUU) as the first US company to have both its light and heavy REEs qualified for permanent magnet applications, following the qualification of its NdPr oxide on September 9. The company is filling a critical gap in the domestic supply chain, especially as China has maintained export controls on seven rare earths (including dysprosium, terbium, and samarium) since April this year. To date, the company has produced ~29 kilograms of dysprosium oxide at a pilot scale with 99.9% purity, significantly exceeding the standard automotive requirement of 99.5%.

Energy Fuels Inc. (NYSE:UUUU), together with its subsidiaries, explores, recovers, recycles, operates, develops, permits, evaluates, and sells uranium mineral properties in the US.

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