Energy Fuels Achieves U.S. Rare Earth Breakthrough With EV Motor Validation

Energy Fuels Inc. has reached a significant milestone in the rare earth elements sector with the successful validation of its high-purity neodymium-praseodymium oxide for commercial electric vehicle applications. The company announced that NdPr oxide produced at its White Mesa Mill in Utah has been manufactured into commercial-scale rare earth permanent magnets by South Korea's largest drive unit motor core producer, passing all quality assurance and quality control benchmarks for use in EV drive units sold to major automakers worldwide.

This achievement represents a crucial development in establishing a U.S.-based "mine-to-magnet" supply chain that operates independently of Chinese rare earth dominance. The validation process confirms that Energy Fuels' NdPr oxide meets the stringent requirements for high-temperature drive units expected in electric vehicles and hybrid vehicles, with commercial implementation anticipated within months. The breakthrough addresses growing concerns about supply chain security for critical minerals essential to the clean energy transition and national security interests.

CEO Mark Chalmers emphasized the significance of this validation, stating that it demonstrates Energy Fuels' capability to deliver commercial-grade rare earth materials to the global market. The company has announced plans to expand its production capacity by adding heavy rare earth oxide processing capabilities at the White Mesa Mill in 2026, further strengthening the domestic rare earth supply chain. This expansion will enhance the company's position in the critical minerals market and support the growing demand for rare earth elements in various high-tech and clean energy applications.

The successful validation of U.S.-produced rare earth materials for EV motors comes at a time when global automakers are increasingly seeking diversified and secure supply chains for critical components. The development supports broader efforts to reduce dependence on single-source suppliers and enhance supply chain resilience for technologies essential to the electric vehicle revolution and renewable energy infrastructure. For more information about the company's developments, investors can access the latest updates through the company's newsroom at https://ibn.fm/UUUU.