Energy Fuels Partners with Vulcan to Build Rare Earth Magnet Supply Chain

Energy Fuels (UUUU) has partnered with Vulcan Elements to establish a domestic supply chain for rare earth magnets, reducing reliance on China. The partnership aims to source high-purity separated rare earth oxides from Energy Fuels' Utah mine and test their suitability for magnet production. The companies plan to discuss long-term supply agreements after successful validation. Energy Fuels' revenue has grown significantly, but profitability remains a challenge.