Energy Fuels Achieves Automotive-Quality Dysprosium Oxide Production, Strengthening Rare Earth Supply Chains

Energy Fuels Inc. has announced that its high-purity dysprosium oxide has passed all initial purity and quality assurance benchmarks of a major South Korean automotive manufacturer for use in downstream rare earth permanent magnet production. This qualification represents a critical milestone in the company's critical materials strategy, validating its capacity to produce separated heavy rare earth oxides from monazite at its White Mesa Mill in Utah. The achievement follows Energy Fuels' earlier qualification of neodymium-praseodymium oxide for magnet applications, positioning the company as a growing player in the rare earth supply chain.

The company reported producing approximately 29 kilograms of dysprosium oxide at pilot scale, achieving 99.9% purity that exceeds automotive specifications. This development underscores Energy Fuels' emerging role in strengthening U.S. and allied rare earth supply chains during a period of ongoing global supply constraints. The successful qualification demonstrates technical capability that could reduce dependence on foreign rare earth sources, particularly for applications requiring high-performance magnets in electric vehicles, wind turbines, and defense technologies.

Energy Fuels operates as a leading U.S.-based critical materials company with a diversified portfolio that includes uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company owns and operates several conventional and in-situ recovery uranium projects in the western United States and has been the leading U.S. producer of natural uranium concentrate for several years. The White Mesa Mill in Utah serves as the only fully licensed and operating conventional uranium processing facility in the United States, where Energy Fuels also produces advanced rare earth products and evaluates potential recovery of medical isotopes for cancer treatments.

The company's expanding rare earth capabilities come as global demand for these materials continues to grow, driven by the transition to clean energy technologies and electrified transportation. Dysprosium, in particular, serves as a crucial component in high-performance permanent magnets that maintain magnetic properties at elevated temperatures, making it essential for electric vehicle motors and wind turbine generators. The successful qualification with an automotive manufacturer suggests Energy Fuels' products meet the rigorous standards required for industrial applications where reliability and performance are paramount.

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. These projects represent additional avenues for critical materials production beyond the company's established uranium and rare earth operations. For more information about Energy Fuels' activities and operations, visit http://www.energyfuels.com.

The implications of this development extend beyond Energy Fuels' corporate achievements to broader strategic considerations for supply chain resilience. As nations seek to secure access to critical materials essential for clean energy and advanced technologies, domestic production capabilities like those demonstrated by Energy Fuels become increasingly valuable. The successful qualification of dysprosium oxide for automotive applications represents not only a technical accomplishment but also a step toward greater supply chain independence in materials that underpin multiple strategic industries.