Energy Fuels Inc. is making waves in the rare earth elements market with its recent advancements in expanding its capabilities. The company, known for its expertise in uranium processing, announced significant progress in its rare earth separation capabilities with the completion of modifications to its Mill’s SX circuit. This upgrade allows for an increase of up to 1,000 tonnes of NdPr separation, positioning Energy Fuels’ White Mesa Mill as one of the largest rare earth separation facilities globally.
Planned activities for the second quarter include processing stockpiled monazite to produce separated NdPr oxide and a ‘heavy’ mixed rare earth concentrate. Looking ahead, the company aims to secure world-scale sources of heavy mineral sands and monazite, with strategic acquisitions like the Bahia HMS Project in Brazil and the proposed acquisition of Base Resources.
In parallel, Appia Rare Earths & Uranium Corp. also made headlines with the confirmation of Ionic Adsorption Clay rare earth elements at its PCH project in Brazil. The company’s breakthrough in desorption tests revealed high-grade characteristics with significant recoveries for Magnet Rare Earth Oxides and Heavy Rare Earth Oxides, emphasizing the project’s potential for further exploration.
Moreover, independent studies have validated the economic potential of American Rare Earths Limited’s Halleck Creek Project, further emphasizing the growing importance of rare earth resources for clean energy transition and national security. With ongoing developments in the rare earth market, investors and industry experts are closely following these companies’ progress.
