Energy Fuels Achieves U.S. Rare Earth Breakthrough With EV Motor Validation
TL;DR
Energy Fuels gains a competitive edge by establishing a U.S.-based rare earth supply chain, reducing dependence on China for EV magnet production.
Energy Fuels produces high-purity NdPr oxide at White Mesa Mill, processed into magnets that meet QA/QC for EV drive units by a South Korean partner.
This development supports a sustainable future by enabling cleaner electric vehicles through a secure, domestic supply of critical rare earth materials.
Energy Fuels achieved a milestone with its rare earth oxide used in commercial magnets for EVs, expanding U.S. capabilities in the green energy sector.
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) announced that its high-purity neodymium-praseodymium (NdPr) oxide produced at the White Mesa Mill in Utah has been successfully manufactured into commercial-scale rare earth permanent magnets by South Korea's largest drive unit motor core producer. The magnets passed all quality assurance and quality control benchmarks for use in electric vehicle drive units sold to major automakers worldwide.
This milestone represents a significant breakthrough in establishing a U.S.-based "mine-to-magnet" supply chain that operates independently of Chinese rare earth dominance. The validation of Energy Fuels' NdPr oxide for high-temperature drive units expected in electric vehicles and hybrids within months marks a critical step in securing domestic supply chains for the rapidly growing EV market.
CEO Mark Chalmers stated that this achievement demonstrates the company's ability to deliver commercial-grade rare earth materials, with plans to add heavy rare earth oxide capacity at the White Mesa facility in 2026. The White Mesa Mill is the only operating conventional uranium mill in the United States and also houses the company's commercial-scale rare earth processing circuits.
The development is particularly significant given the global push for electric vehicle adoption and the current reliance on Chinese rare earth elements, which control approximately 80% of the global supply chain. This breakthrough could potentially reduce geopolitical risks associated with rare earth supply chains and support the Biden administration's efforts to build domestic critical mineral capabilities.
For more information about Energy Fuels' developments, investors can access the company's newsroom at http://ibn.fm/UUUU. Additional details about the breakthrough can be found in the full press release available at https://ibn.fm/bE0nI.
The validation of U.S.-produced rare earth materials for EV motors represents a crucial step toward energy independence and national security, while also supporting the global transition to electric transportation. This development could have far-reaching implications for automakers seeking stable, domestic sources of critical materials essential for electric vehicle production.
Curated from InvestorBrandNetwork (IBN)
