Core Insights - Energy Fuels Inc. is enhancing its rare earth element processing capabilities through a Phase 2 circuit expansion at the White Mesa Mill in Utah, positioning itself as a significant contributor to the U.S. rare earth supply chain [1][6] - Roth Capital has set a price target of $13 for Energy Fuels' stock (UUUU), indicating a potential decrease of about 40% from its current trading price of $21.87, despite a recent increase of 4.57% [2][6] - The Bankable Feasibility Study (BFS) for the White Mesa Mill expansion indicates promising economic potential, with plans to produce 6,000 tonnes per annum of Neodymium-Praseodymium (NdPr), 240 tonnes per annum of Dysprosium, and 66 tonnes per annum of Terbium, alongside lower-than-expected capital expenditure and significant annual EBITDA [3][6] - The company aims to achieve a first quartile cost position for NdPr production, which would make it one of the lowest-cost producers globally, addressing the rare earth processing bottleneck in the U.S. [4] - Energy Fuels has a market capitalization of approximately $5.19 billion, with a trading volume of 14,536,404 shares, and its stock has shown significant price movement within a 52-week range of $3.20 to $27.33 [5]

The share price of Energy Fuels Inc. (NYSEAMERICAN:UUUU) surged by 29.06% between December 30, 2025, and January 6, 2026, putting it among the Energy Stocks that Gained the Most This Week. Energy Fuels (UUUU) Exceeds Uranium Production and Sales Guidance for 2025 Image by Markus Distelrath from Pixabay Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. Energy Fuels Inc. (NYS ...

When the upgraded system enters production in early 2027, SRC expects to deliver 30 tonnes of dysprosium oxide, 15 tonnes of terbium oxide, and 400-600 tonnes of high-purity NdPr metal annually.Under the partnership, REAlloys will invest approximately $21 million to expand SRC’s refining capacity, increasing heavy rare earth throughput by roughly 300% and boosting NdPr metal output by about 50%.The new agreement with REAlloys accelerates that evolution by adding a full heavy rare earth line, transforming th ...

Core Insights - Namibia Critical Metals Inc. announced the results of its Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project, indicating significant potential for production of dysprosium, terbium, and yttrium, which are key economic drivers for the project [1] Company Summary - The company is focused on the Lofdal Heavy Rare Earths Project located in Namibia, which is expected to yield substantial quantities of critical rare earth elements [1] Industry Summary - The Lofdal deposit is positioned to contribute significantly to the supply of heavy rare earth elements, which are increasingly important in various high-tech applications and industries [1]

Core Insights - The urgency for Europe to secure a stable supply of heavy rare earth elements, particularly Dysprosium and Terbium, has been emphasized due to geopolitical tensions and supply chain vulnerabilities [2][3][16] Company Updates - Leading Edge Materials Corp. is progressing on the Norra Kärr Heavy Rare Earth Elements Project through its subsidiary Greenna Mineral AB, which is recognized as one of Europe's richest deposits for heavy rare earth elements [1][6] - The company has submitted supplementary information for a mining lease application, with a decision expected soon [9] - A pre-feasibility study is ongoing, focusing on mineral processing and the production of higher-grade concentrates [11][12] Industry Context - The European Rare Earths Competency Network (ERECON) highlighted the need for new sources of heavy rare earths outside of China, identifying Norra Kärr as a key project for securing supply [4] - The project is estimated to produce 248 tonnes of Dysprosium and 36 tonnes of Terbium oxides annually over an initial 26-year mine life, covering only 30% of the defined resource [7] - Competitors like Lynas and MP Materials are significant players in the rare earths market, with Lynas recently expanding its heavy rare earths separation facility [8] Strategic Importance - Norra Kärr's strategic importance has been reinforced by the Swedish Geological Survey, which designated it as a National Interest site due to its significance for Sweden and the EU [5][6] - The CEO of Leading Edge Materials emphasized that the production of Norra Kärr is essential for Europe to achieve independence in the heavy rare earth supply chain [18]

Core Viewpoint - Lynas Rare Earths is facing production shortfalls at its Kalgoorlie cracking-and-leaching plant due to repeated grid interruptions, which will impact its finished product output from the Malaysian refinery [1][2]. Production Impact - The company estimates a shortfall equivalent to one month's production this quarter, exacerbated by scheduled maintenance at its Malaysian kilns [2]. - Canaccord Genuity has revised its December-quarter neodymium-praseodymium (NdPr) output forecast to approximately 1,800 tonnes, projecting a 20% revenue drop to about A$220 million ($142 million) and a 35% decline in quarterly EBITDA to around A$77 million [3]. Market Reaction - Lynas shares in Sydney experienced a nearly 30% decline from late October to November 6, before slightly recovering to a closing price of A$15.02, with a market capitalization of A$15.1 billion ($9.7 billion) [4]. Operational Challenges - The Kalgoorlie facility operates under an interruptible supply scheme, leading to reliability issues and intensified shortages in November [5]. - The company is exploring short-term off-grid options while collaborating with the Western Australian government and Western Power, expecting to recover lost production within the financial year ending June 30 [5]. Long-term Considerations - Disruptions at the Kalgoorlie plant could have lasting effects, as it is Australia's first downstream rare earths processing plant with a capacity of about 9,000 tonnes per year of NdPr finished product [6]. - The Malaysian facility, the world's largest single separation facility, targets a capacity of approximately 12,000 tonnes per year of NdPr separation as part of its growth plan [6]. Inventory Management - Despite the disruptions, Lynas asserts it will still produce sufficient finished product to meet key customer needs this quarter, with inventories potentially mitigating immediate sales impacts [7].

Core Insights - MP Materials Corp. reported a mixed quarterly update indicating improving profitability trends and steady momentum in magnetics [1] - The company is making progress towards domestic heavy rare earth separation, which supports its long-term strategy [1] - Third-quarter revenue was $53.55 million, slightly below analyst estimates of $54.92 million [1] Financial Performance - The company reported an adjusted loss of 10 cents per share, which was better than the analyst estimate of a loss of 18 cents per share [2] - Adjusted EBITDA for the third quarter was negative $13 million, an improvement from negative $11 million a year earlier and better than the forecast of negative $14 million [3] - Magnetics revenue was slightly above projections, while oxide sales were lower due to reduced volume [3] Operational Developments - The third-quarter REO concentrate volume was zero as the company adhered to the DoW agreement to halt sales to China, with the price floor agreement starting in October [4] - The new heavy rare earth separation facility at Mountain Pass is expected to begin commissioning in mid-2026, initially focusing on dysprosium and terbium production [4] - The facility will have a nameplate capacity of 200 metric tons per year for the Dy/Tb circuit and can process about 3,000 metric tons of feedstock [5] Market Reaction - Following the quarterly update, MP shares increased by 8.37% to $56.30 [5]

Core Insights - MP Materials Corp. reported a mixed quarterly update, indicating improving profitability trends and steady momentum in magnetics [1] - The company outlined progress toward domestic heavy rare earth separation, enhancing sentiment around its long-term strategy [1] Financial Performance - For the third quarter, MP Materials reported revenue of $53.55 million, which fell short of analyst estimates of $54.92 million [1] - The adjusted loss was 10 cents per share, better than the expected loss of 18 cents per share [2] - Adjusted EBITDA was negative $13 million, an improvement from negative $11 million a year earlier and better than the forecast of negative $14 million [3] Sales and Revenue Breakdown - Magnetics revenue slightly exceeded projections, while oxide sales were lower due to reduced volume [3] - Lower tons sold were partially offset by better price realization [4] Strategic Developments - MP Materials has halted sales of REO concentrate to China as per the DoW agreement, which began in October [4] - The company plans to commission a new heavy rare earth separation facility at Mountain Pass by mid-2026, initially focusing on dysprosium and terbium production [4] Capacity and Production - The nameplate capacity for the Dy/Tb circuit is 200 metric tons per year, with the ability to process about 3,000 metric tons of feedstock [5] - The facility will utilize MP's own heavy concentrate, stockpiled material, and third-party feedstock from new sources [5] Market Reaction - Following the quarterly update, MP shares increased by 8.37% to $56.30 [5]

Core Viewpoint - Northern Minerals has secured a new mining lease for its Browns Range project, significantly expanding its mining area and enhancing its development potential in the rare earths sector [1][2][3]. Group 1: Mining Lease Details - The new lease, M80/650, replaces the former lease M80/627 and expands the mining area from 4,923 hectares to 10,458 hectares [1]. - The lease is valid until 8 September 2046, with an option for an additional 21-year term [2]. Group 2: Project Significance - The Browns Range Project is rich in heavy rare earths, particularly dysprosium and terbium, which are essential for manufacturing permanent magnets used in electric vehicles, wind turbines, and defense applications [2][3]. - The flagship deposit, Wolverine, is recognized as the highest-grade source of dysprosium and terbium in Australia [3]. Group 3: Development Plans - Northern Minerals aims to enhance the project's development as outlined in its definitive feasibility study (DFS) released on 15 September 2025 [3]. - The feasibility study focuses on a commercial-scale operation to mine and process ore from Wolverine, with output intended for Iluka Resources' refinery currently under construction in Eneabba, WA [4].

Core Insights - The global economy is experiencing a shift towards reliable, carbon-free renewable energy and a geopolitical race for raw materials essential for modern technology [1] - Energy Fuels Inc. is positioned at the intersection of these trends, being a leading uranium producer and a key player in the rare earth element supply chain [2][3] Company Overview - Energy Fuels is America's leading uranium producer, with its primary asset being the White Mesa Mill in Utah, the only fully licensed and operational conventional uranium mill in the U.S. [4] - The company is focused on profitable production, with a projected cost of goods sold between $23-$30 per pound due to the high-grade ore from its Pinyon Plain mine [5] - Energy Fuels holds an inventory of approximately 1.875 million pounds of U3O8, allowing it to fulfill contracts and potentially sell at higher future prices [6] Market Position and Strategy - The growing demand for nuclear energy positions Energy Fuels to capture higher margins and increase profitability [7] - The company's expansion into rare earth elements (REE) addresses supply chain vulnerabilities, particularly against China's dominance in this market [8] - Energy Fuels has achieved a technical milestone by producing 99.9% purity dysprosium oxide, critical for high-performance applications [9] Future Growth Potential - The company plans to produce its next critical REE, terbium, by Q4 2025, and aims for commercial-scale production of heavy REEs by Q4 2026 [10][11] - Energy Fuels has signed a Memorandum of Understanding with Vulcan Elements to establish a mine-to-magnet supply chain in the U.S. [10][11] Financial Strength - Energy Fuels has a market capitalization of over $2.5 billion and a debt-free balance sheet with over $250 million in working capital [12][13] - Institutional investors own over 48% of the company, indicating strong market confidence [14] Investment Opportunity - Energy Fuels offers exposure to two durable growth trends: the clean energy transition through nuclear power and the onshoring of vital technology supply chains through REEs [15] - The company is evolving from a uranium producer to a diversified critical minerals company, enhancing its strategic importance in America's energy and industrial security [16]