Energy Fuels Reports Q3 2026 Results, Advances Rare Earth Strategy
Energy Fuels completed the ASM acquisition and approved rare earth oxide construction at White Mesa Mill as it pursues a mine-to-magnet strategy.
Energy Fuels announced its third-quarter 2026 financial results, highlighting a series of strategic moves designed to position the company as a vertically integrated player in the rare earth supply chain, the Denver-based uranium and rare earth producer said Tuesday.
The company completed its acquisition of ASM, which includes a metals processing plant in South Korea, marking a significant step in its so-called mine-to-magnet strategy — an effort to control the full production chain from raw mineral extraction through finished rare earth materials used in permanent magnets.
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Energy Fuels also said it has approved the start of construction for commercial-scale heavy rare earth oxide circuits at its White Mesa Mill. The facility, already a licensed uranium processing operation, is being expanded to handle the separation of heavy rare earth oxides, a technically demanding and strategically critical step in domestic rare earth processing.
In addition, the company reported progress on a pending acquisition of VAC, with an expected closing targeted for the first quarter of 2027. If completed, the VAC deal would further extend the company's downstream capabilities within its mine-to-magnet supply chain framework.
The announcements underscore growing corporate and government interest in building domestic alternatives to Chinese-dominated rare earth supply chains. Continue reading at Earnings.
