Energy Fuels begins commercial production of separated rare earths at White Mesa
Energy Fuels achieves commercial production of separated neodymium praseodymium at its White Mesa Mill in Utah, positioning itself as a leader in rare earth elements. Energy Fuels (NYSE:UUUU) has begun commercial production of separated neodymium praseodymio at its White Mesa Mill in Utah. The company claims this is the first time in several decades that a U.S. company has produced on-spec separated REE's from monazite on a commercial scale. Following completion of NdPr production in Q2, Energy Fuels plans to begin processing uranium ore and alternate feed materials from current stockpiles, leading to the expected production of 150K-500K lbs of U3O8 by 2024. Production will increase further in 2025.
Veröffentlicht : vor einer Woche durch SA News Editor, Carl Surran in Finance
Energy Fuels (NYSE:UUUU) +3.8% in early trading Monday after saying it has achieved commercial production of "on-spec" separated neodymium praseodymium at its White Mesa Mill in Utah.
Energy Fuels (UUUU) said the NdPr produced at White Mill meets the applicable product specifications of REE metal-makers, who specialize in the manufacture of REE-based alloys required for the permanent magnets widely used for electric motors in both battery powered electric vehicles and dual power hybrids.
Following completion of NdPr production at White Mesa in Q2, the company expects to begin processing uranium ore and alternate feed materials from current stockpiles, resulting in the expected production of 150K-500K lbs of U3O8 during 2024, with production ramping up further in 2025.
Energy Fuels (UUUU) said it believes this is the first time in several decades that a U.S. company has produced on-spec separated REE's from monazite on a commercial scale.
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