White Mesa Rare Earth Elements Expansion

planned

Energy Fuels is developing a rare earth elements growth engine centered around the White Mesa Mill, the only licensed and operating uranium mill in the US capable of producing separated rare earth elements. The project includes Phase 1 validation with initial terbium oxide output targeted for March 2026 and commercial production of light and heavy rare earth oxides by 2027. Phase 2 plans to expand neodymium-praseodymium oxide capacity from 1,049 tons per year to around 6,294 tons per year, with permits targeted for 2027 and commissioning expected in late 2028 or early 2029.