Energy Fuels Achieves First Domestic Production of High-Purity Dysprosium Oxide

Energy Fuels Inc. has completed production of its first kilogram of dysprosium oxide at pilot scale at the company's White Mesa Mill in Utah, achieving a significant milestone in domestic rare earth element production. The material reached 99.9% purity, exceeding the 99.5% commercial specification, with the mill expected to maintain production at a rate of two kilograms per week. The company believes it is the first U.S. company to both produce high-purity dysprosium oxide and publicly disclose actual production volumes and purities.

This achievement demonstrates the viability of establishing a fully non-Chinese rare earth oxide supply chain, utilizing monazite mined from domestic sources in Florida and Georgia. The successful production has already generated strong interest from multiple magnet manufacturers and original equipment manufacturers seeking samples to accelerate their validation processes. For more information about Energy Fuels' operations and projects, visit http://www.energyfuels.com. Additional news and updates relating to the company are available through their newsroom at http://ibn.fm/UUUU.

The development represents a crucial advancement in reducing American dependence on foreign rare earth supplies, particularly from China, which currently dominates the global market. Dysprosium is a critical mineral essential for manufacturing high-strength permanent magnets used in electric vehicles, wind turbines, and various defense applications. This domestic production capability enhances national security and supports the growing clean energy transition by ensuring reliable access to these strategically important materials. The successful pilot-scale production at White Mesa Mill validates the technical feasibility of processing domestic monazite into high-value rare earth oxides, potentially paving the way for larger-scale commercial operations in the future.

The achievement comes at a critical time when global supply chains for rare earth elements face increasing geopolitical pressures and market uncertainties. By establishing domestic production capabilities for dysprosium oxide, Energy Fuels addresses a key vulnerability in the U.S. manufacturing sector, particularly for industries dependent on permanent magnets for clean energy technologies and defense systems. The company's ability to exceed commercial purity specifications while maintaining consistent production rates demonstrates the technical maturity of their processing methods and positions them as a potential leader in the emerging domestic rare earth industry.