Under new MOU, Energy Fuels to supply Vulcan Elements with ex-China high-purity "light" and "heavy" rare earth oxides for production of rare earth permanent magnets in the United States, using high-purity NdPr and Dy oxides refined in Utah from minerals produced in Georgia and Florida.DENVER and DURHAM, N.C., Aug. 26, 2025  /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU); (TSX: EFR), a U.S. producer of rare earth element oxides, and Vulcan Elements, a U.S. manufacturer of rare earth permanent magnets ...

Core Insights - MP Materials has formed a public-private partnership with the U.S. Department of Defense to develop a domestic rare earth magnet supply chain, supported by a multibillion-dollar investment package [1] - The company is the only fully integrated rare earth producer in the U.S., operating the Mountain Pass Rare Earth Mine and a processing facility [2] - MP Materials plans to construct a second domestic magnet manufacturing facility, the 10X Facility, which will increase its magnet manufacturing capacity to an estimated 10,000 metric tons [3] - The Department of Defense has established a price floor of $110 per kilogram for MP Materials' products and committed to purchasing all output from the 10X Facility for 10 years [4] - Rare earth magnets are essential for various advanced technologies, including defense systems and electric vehicles, leading to increased interest from multiple players in the rare earth sector [5] Company Developments - MP Materials is expanding its production capabilities and will enhance its heavy rare earth separation capabilities at the Mountain Pass facility [3] - The company has seen its stock price increase by 92.5% this year, significantly outperforming the industry average growth of 12.4% [8] - The Zacks Consensus Estimate indicates a projected loss of 46 cents per share for 2025, with a slight recovery expected in 2026 with earnings of three cents per share [10] Industry Context - Energy Fuels has acquired Base Resources Limited, enhancing its position in the rare earth market and aiming to produce critical minerals [6] - Idaho Strategic Resources holds the largest rare earth elements land package in the U.S. and plans extensive exploration in 2025 [7]

Core Insights - USA Rare Earth, Inc. has signed a memorandum of understanding (MOU) with PolarStar Magnetics to enhance the domestic rare earth magnet supply chain in the U.S. [1][2] - The partnership aims to support critical U.S. industries and consumer products by establishing a fully domestic production capability for rare earth magnets [2][5] - The collaboration will involve early-round testing of U.S.-made magnets at USA Rare Earth's Innovations Lab, facilitating compliance with Department of Defense (DoD) requirements [3][4] Company Overview - USA Rare Earth is constructing a 310,000 square foot facility for rare earth sintered neo magnet manufacturing in Stillwater, Oklahoma [5] - The company controls mining rights to the Round Top Mountain deposit in West Texas, which contains significant heavy rare earths and critical minerals [5] - The products from USA Rare Earth are essential for various industries, including defense, automotive, aviation, industrial, medical, and consumer electronics [5] Partnership Details - The MOU reflects USA Rare Earth's mission to secure a domestic supply chain for rare earth magnets, which is crucial for both defense and commercial applications [2][3] - PolarStar Magnetics specializes in programmable magnets and is a Tier 2 supplier for aerospace projects requiring DFARS-compliant products [1][3] - The partnership is expected to lead to a detailed multi-year supply agreement, enhancing the capabilities of both companies in the magnet production sector [3][4]