Energy Fuels lands $725M Pentagon loan for rare earths boost
Geopolitics · Mining.com ·
Energy Fuels shares jumped 16% after the US Department of War announced a conditional loan commitment of up to $725 million to expand the company's domestic rare earth processing and reduce dependence on China. Historically a uranium producer, Energy Fuels plans to build a US-based rare earth separation and metallization facility that feeds permanent-magnet manufacturing.