Reported Earlier: Energy Fuels' U.S.-Produced NdPr Oxide Qualified For Use In EV Drive Motors By Major Automotive Supplier

U.S.-based Energy Fuels receives final confirmation from leading global automotive supplier that its high-purity NdPr oxide, mined in Florida and Georgia and processed in Utah, has been qualified for use in rare earth permanent magnets (REPMs) for drive unit motors used in electric vehicles (EVs) and hybrid EVs.

DENVER, Sept. 9, 2025 /PRNewswire/ - Energy Fuels Inc. (NYSE:UUUU) (TSX:EFR), a leading U.S. producer of uranium, rare earth elements and other critical minerals, today announced that high-purity neodymium-praseodymium (NdPr) oxide produced at its White Mesa Mill in Utah has been manufactured into commercial scale REPMs by South Korea's largest manufacturer of drive unit motor cores, pursuant to a previously announced MOU, and has passed all quality assurance and quality control (QA/QC) benchmarks for use in EV drive unit motors sold to major automotive manufacturers. This included the successful manufacture of Energy Fuels' NdPr oxide into NdPr metal, neodymium-iron-boron (NdFeB) alloy sintered blocks (45H grade), and high-performance, high-temperature NdFeB REPMs.

The successful production of REPMs from Energy Fuels' NdPr oxide marks a decisive breakthrough in building a "mine-to-magnet" supply chain independent of China, using rare earth oxides (REOs) produced in the United States. Energy Fuels' NdPr oxide has now been qualified for use in high temperature drive units, which are installed in EV and hybrid vehicles manufactured by major automotive companies across North America, the EU, Japan, and Korea. Drive units powered by Energy Fuels' NdPr oxide are expected to be installed in new vehicles and be available in the marketplace within the next few months. Now that Energy Fuels' NdPr has been validated, the parties now intend to engage in negotiations for a potential longer-term supply arrangement.