Energy Fuels and Vulcan Elements Partner to Establish U.S. Rare Earth Magnet Supply Chain
TL;DR
Energy Fuels and Vulcan Elements establish a domestic rare earth magnet supply chain, reducing reliance on China and securing competitive advantage in defense and tech sectors.
The MOU outlines collaboration between Energy Fuels producing rare earth oxides and Vulcan Elements manufacturing magnets for a complete U.S.-based supply chain.
This partnership strengthens national security and supports sustainable technology development by creating a resilient domestic supply chain for critical rare earth magnets.
Rare earth magnets power everything from electric vehicles and drones to AI data centers and medical equipment through advanced magnetic properties.
Found this article helpful?
Share it with your network and spread the knowledge!
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a U.S. producer of rare earth element oxides, and Vulcan Elements, a U.S. manufacturer of rare earth permanent magnets, have signed a Memorandum of Understanding to establish a resilient domestic supply chain for rare earth magnets independent of China. This partnership addresses growing concerns about reliance on foreign sources for critical materials essential to national security and technological advancement.
Rare earth magnets are fundamental components in numerous commercial and defense applications, including satellites, robotics, artificial intelligence data centers, semiconductor fabrication, drones, defense systems, electric vehicles, consumer electronics, industrial motors, and power tools. The diversification of supply chains away from Chinese dominance has become a strategic priority for the United States government and industry leaders.
Energy Fuels brings significant expertise as a leading U.S.-based critical minerals company focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company operates several conventional and in-situ recovery uranium projects in the western United States and owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the country. At this facility, Energy Fuels produces advanced rare earth products and vanadium oxide when market conditions warrant.
The company's extensive experience in mineral processing and existing infrastructure positions it as a key player in developing domestic rare earth capabilities. Energy Fuels is also developing three heavy mineral sands projects: the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, where the company has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited.
This partnership represents a significant step toward securing America's technological future by ensuring reliable access to materials critical for national defense, renewable energy technologies, and advanced manufacturing. The establishment of a domestic rare earth magnet supply chain could reduce vulnerability to geopolitical tensions and trade disruptions while supporting job creation and technological innovation within the United States.
The latest news and updates relating to Energy Fuels are available in the company's newsroom at https://ibn.fm/UUUU. For more information about mining industry developments, visit https://www.MiningNewsWire.com.
Curated from InvestorBrandNetwork (IBN)
