Energy Fuels produces 99.9% purity dysprosium

Executive Summary

• Energy Fuels Inc. produced its first kilogram of 99.9 % pure dysprosium oxide (Dy₂O₃) at pilot scale in the White Mesa mill, exceeding commercial specifications.
• The pilot plant will continue to produce ~2 kg/week of Dy oxide, targeting ≈15 kg total before shifting focus to terbium oxide production slated for Q4 2025.
• Company plans to build and commission a commercial‑scale heavy REE (Dy, Tb and potentially others) separation facility at White Mesa, with possible startup as early as Q4 2026.

Key Details

• First kilogram of Dy oxide: 99.9 % purity achieved (commercial spec = 99.5 %).
• Pilot production rate: ~2 kg of Dy oxide per week.
• Total pilot target for Dy: ≈15 kg before transitioning to Tb oxide.
• Terbium oxide timeline: First Tb‑oxide samples expected Q4 2025 for end‑user validation.
• Future commercial capacity: Construction and commissioning of a full‑scale heavy REE separation line (Dy, Tb, others) planned; potential production start Q4 2026.
• Supply chain context: Oxides derived from U.S. monazite mined in Florida and Georgia, emphasizing a non‑Chinese rare‑earth supply chain.
• Customer interest: Multiple magnet manufacturers and OEMs have expressed strong interest in the high‑purity Dy samples for validation.
• Previous achievement: Completion of commercial “light” REE circuit (NdPr oxide) last year, already qualified by global magnet makers for EV and other applications.

Notable Quotes

"Energy Fuels' high-purity Dy oxide production is a major leap toward securing a U.S. supply of 'heavy' rare‑earth oxides for a variety of commercial and defence uses," – Mark S. Chalmers, CEO

All forward‑looking statements are subject to the company's usual safe‑harbor disclosures.