Energy Fuels Inc. Achieves Commercial Production of On-Spec NdPr: Key Facts and FAQs
Summary
What has Energy Fuels Inc. achieved?
Energy Fuels Inc. has achieved commercial production of separated neodymium-praseodymium (NdPr) at its White Mesa Mill in Utah, meeting the product specifications required for REE-based alloys used in electric vehicles and hybrid vehicles.
Why is this achievement significant?
This is significant because it marks the first time in several decades that a U.S. company has produced on-spec separated rare earth elements from monazite on a commercial scale, contributing to the domestic supply chain for critical minerals.
How much NdPr can Energy Fuels produce?
Energy Fuels can produce 850 to 1,000 metric tons of NdPr per year at the full design capacity of its new phase 1 REE separation circuit.
When will commercial quantities of NdPr be available for shipment?
The company expects to have commercial quantities of separated NdPr available for shipment by the end of this month.
Where is the production taking place?
The production is taking place at Energy Fuels’ White Mesa Mill in Utah.
What are the applications of NdPr?
NdPr is used in the manufacture of REE-based alloys required for permanent magnets in electric motors for battery-powered electric vehicles and dual power hybrids.
Who is Energy Fuels Inc.?
Energy Fuels Inc. is a leading U.S.-based uranium and critical minerals company, producing uranium, rare earth elements, and vanadium, with operations primarily in the United States.
What other projects does Energy Fuels have?
Energy Fuels holds the White Mesa Mill in Utah and the Nichols Ranch ISR Project in Wyoming, has acquired the Bahia Project in Brazil, and entered into a joint venture to develop the Donald Project in Australia, focusing on titanium, zirconium, and REE minerals.
How can I get more information about Energy Fuels Inc.?
For more information, visit the company’s website at www.EnergyFuels.com or check the latest news and updates relating to UUUU in the company’s newsroom at http://ibn.fm/UUUU.
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