Energy Fuels Achieves First U.S. Production of High-Purity Dysprosium Oxide

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has completed production of its first kilogram of dysprosium oxide at pilot scale at the Company's White Mesa Mill in Utah, achieving 99.9% purity that exceeds the 99.5% commercial specification. This milestone represents the first time a U.S. company has both produced high-purity dysprosium oxide and publicly disclosed actual production volumes and purities, positioning the nation to reduce its reliance on foreign rare earth supplies.

The material is produced from monazite mined in Florida and Georgia, demonstrating the viability of a fully non-Chinese rare earth oxide supply chain at a time when geopolitical tensions and supply chain vulnerabilities have highlighted the strategic importance of domestic critical mineral production. The White Mesa Mill expects to continue producing dysprosium oxide at a rate of two kilograms per week, providing a consistent domestic source of this critical material essential for permanent magnets used in electric vehicles, wind turbines, and defense applications.

Multiple magnet manufacturers and original equipment manufacturers have already expressed strong interest in obtaining samples to accelerate validation processes, indicating strong market demand for domestically sourced rare earth materials. This development supports broader efforts to onshore critical supply chains and enhance national security while supporting the transition to clean energy technologies that depend heavily on rare earth elements.

For more information about Energy Fuels' operations and projects, visit http://www.energyfuels.com. Additional news and updates relating to the company are available through specialized communications platforms focused on mining and resources sectors.