Energy Fuels Inc. has announced a major expansion of its rare earth element processing capabilities at its White Mesa Mill in Utah, backed by a new Bankable Feasibility Study. The company plans to invest $410 million in a Phase 2 circuit expansion that will enable annual production of 6,000 tonnes of neodymium-praseodymium (NdPr), 240 tonnes of dysprosium, and 66 tonnes of terbium. With this expansion, Energy Fuels aims to supply 45% of total U.S. rare earth demand in the near term, including 100% of domestic requirements for critical heavy rare earths by 2030. The project is expected to generate approximately $765 million in annual EBITDA over the first 15 years, positioning Energy Fuels as a leading, low-cost rare earth producer outside of China.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Fuels Inc. published the original content used to generate this news brief via CNW (Ref. ID: C0987) on January 15, 2026, and is solely responsible for the information contained therein.
