Energy Fuels and Vulcan Elements Collaborate to Secure U.S. Rare Earth Magnet Production

Energy Fuels and Vulcan Elements have signed a Memorandum of Understanding to collaborate on creating a domestic supply chain for rare earth magnets in the US. Energy Fuels will supply Vulcan with high-purity "light" and "heavy" rare earth oxides, sourced from US mines, for the production of rare earth permanent magnets. The collaboration aims to create a resilient supply chain for rare earth magnets independent of China.