Materials/Manufacturing

Energy Fuels Marks Milestones in Production of Domestic Feedstock for Magnets in USA, Plans Expansions 

Minerals producer Energy Fuels, now led by a new CEO, reports it has reached a new milestone in its quest to become a major American producer of rare earth oxides for magnet manufacturing. The company has successfully produced its first kilogram of terbium (Tb) oxide at its White Mesa Mill in Utah. Using monazite ore sourced from the southern United States, the team achieved a purity of 99.9% Tb at pilot scale, which meets the specifications of global manufacturers of rare earth permanent magnets. […]

Materials/Manufacturing

Phoenix Tailings Opens Rare Earth Metallization Facility 

Phoenix Tailings has opened one of the first rare earth metallization facilities in the USA with zero reliance on Chinese inputs, equipment or technology. Located in Exeter, New Hampshire, initially the plant will produce 200 tons of both light and heavy rare earth metals each year, with the capacity to scale to more than 1,000 tons per year. That capacity would be able to supply the entire U.S. defense industrial base, says the company. […]

Materials/Manufacturing

Energy Fuels to Acquire Australian Strategic Materials for $300M, Unveils Major Scope of Resource in Madagascar 

Significantly expanding its clout in magnetic materials supply, Energy Fuels, an American producer of uranium, rare earth elements and other critical materials, has struck a deal to acquire Australian Strategic Materials for about $300 million and also has unveiled new details about what it describes as […]

Materials/Manufacturing

Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC 

Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]