Energy Fuels produces first high-purity dysprosium oxide in Utah

DENVER - Energy Fuels Inc. (NYSE:UUUU) (TSX:EFR), a profitable critical minerals company with a market capitalization of $346 million and an impressive 100% gross profit margin, has successfully produced its first kilogram of dysprosium oxide at pilot scale at its White Mesa Mill in Utah, achieving 99.9% purity, according to a company press release. According to InvestingPro data, the company maintains a stable financial profile with a low beta of 0.4, indicating lower volatility compared to the broader market.

The company plans to continue producing dysprosium oxide at approximately two kilograms per week until reaching about 15 kilograms, after which it intends to begin producing high-purity terbium oxide by Q4-2025. With last twelve months revenue of $52.9 million and an attractive dividend yield of 8.83%, Energy Fuels demonstrates strong financial performance while expanding its production capabilities. InvestingPro subscribers can access additional insights, including detailed financial health scores and growth metrics.

Energy Fuels claims to be the first U.S. company to both produce high-purity dysprosium oxide and publicly disclose actual production volumes and purities. The material is being produced from monazite mined in Florida and Georgia.

Following the success of this pilot project, the company announced plans to construct commercial-scale dysprosium, terbium, and potentially other "heavy" rare earth element separation capacity at its White Mesa Mill, with production potentially beginning as early as Q4-2026.

"This is real, high-quality material in-hand, ready for independent testing, demonstrating that our Utah facilities can deliver world-class critical minerals domestically," said Energy Fuels CEO Mark S. Chalmers in the statement.

Last year, Energy Fuels completed and commissioned its commercial-scale "light" rare earth oxide circuit at the Mill, producing neodymium-praseodymium oxide used in permanent magnets for various applications including electric vehicles.

The company stated that multiple magnet manufacturers and OEMs have expressed interest in obtaining samples of the dysprosium oxide to accelerate their validation processes.

Energy Fuels describes itself as a leading U.S.-based critical minerals company focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company’s financial stability is reflected in its consistent profitability over the last twelve months, with diluted earnings per share of $0.56. To access comprehensive financial analysis and additional ProTips about Energy Fuels’ performance, visit InvestingPro.

In other recent news, Energy Fuels Inc. reported significant developments in its operations and leadership. The company mined 638,700 pounds of uranium from its Pinyon Plain mine in Arizona during the second quarter of 2025, with an average uranium grade of 2.23% for the quarter. Additionally, Energy Fuels has commenced pilot-scale production of heavy rare earth element oxides at its White Mesa Mill in Utah. The company is currently producing dysprosium oxide at a minimum purity of 99.5% and aims to produce approximately 15 kilograms by September 2025.

In a strategic leadership transition, Ross R. Bhappu has been appointed as the new president of Energy Fuels, effective August 4, 2025. Mark S. Chalmers will continue in his roles as CEO and director. These developments are part of Energy Fuels’ long-term succession planning. The company plans to shift its focus to terbium production in October 2025. These recent activities reflect Energy Fuels’ ongoing efforts to enhance its production capabilities and leadership structure.

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