Energy Fuels Achieves First U.S. Production of High-Purity Dysprosium Oxide at White Mesa Mill

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has completed production of its first kilogram of dysprosium oxide at pilot scale at the company's White Mesa Mill in Utah, achieving 99.9% purity that exceeds the 99.5% commercial specification. The material is being produced from monazite mined in Florida and Georgia, demonstrating the viability of a fully non-Chinese rare earth oxide supply chain. The mill expects to continue producing dysprosium oxide at a rate of two kilograms per week, positioning Energy Fuels as the first U.S. company to both produce high-purity dysprosium oxide and publicly disclose actual production volumes and purities.

The production breakthrough holds significant implications for U.S. national security and technological independence. Dysprosium is a critical mineral essential for permanent magnets used in electric vehicles, wind turbines, and defense applications. Multiple magnet manufacturers and original equipment manufacturers have already expressed strong interest in obtaining samples to accelerate validation processes, indicating strong market demand for domestically sourced rare earth materials. This development reduces American dependence on foreign rare earth supplies, particularly from China, which currently dominates the global market.

Energy Fuels' achievement at the White Mesa Mill, which is the only fully licensed and operating conventional uranium processing facility in the United States, represents a strategic advancement in the country's critical minerals infrastructure. The company's ability to produce advanced rare earth products alongside its uranium operations demonstrates the potential for integrated mineral processing that supports both energy security and technological innovation. For more information about Energy Fuels' operations, visit http://www.energyfuels.com.

The successful production of high-purity dysprosium oxide has broader implications for the renewable energy sector and advanced manufacturing industries. As the transition to clean energy accelerates, the demand for rare earth elements continues to grow, making domestic production capabilities increasingly vital. This development could potentially lower costs for manufacturers relying on rare earth materials while ensuring supply chain stability. The technical achievement also showcases American innovation in mineral processing technology, potentially positioning the United States as a competitive player in the global rare earth market.