Energy Fuels Soars 11.74% on Rare Earth Production Boost

On April 18, 2025, Energy Fuels surged 11.74% in pre-market trading, marking a significant rise in its stock price.

Energy Fuels has been actively developing its rare earth element (REE) production capabilities. Since 2020, the company has established "light," "mid," and "heavy" REE production at its White Mesa Mill in Utah. This development is crucial as it positions Energy Fuels to commercially produce key rare earth oxides, including samarium, gadolinium, dysprosium, and terbium.

In response to China's recent restrictions on rare earth mineral shipments to the U.S., Energy Fuels has announced its ability to ramp up rare earth production. The company has developed the technology to produce six of the seven rare earth oxides now subject to Chinese export controls. This capability is significant given that the U.S. imports 80% of its rare earth elements, with China accounting for 70% of those imports between 2020 and 2023.

Energy Fuels' strategic move to enhance its rare earth oxide production has been well-received by the market, reflecting strong investor confidence in the company's ability to meet the growing demand for critical minerals. The company's collaboration with Chemours further underscores its commitment to boosting the U.S. rare earth and critical mineral supply chains.