Energy Fuels Incorporated, one of America’s major producers of uranium and rare earth elements, has made significant progress in expanding its critical minerals portfolio this month. According to recent company announcements, Energy Fuels has successfully manufactured U S mined and processed rare earths into permanent magnets for use in electric vehicles and hybrid vehicles for the first time. These magnets are considered essential to the next generation of clean transportation technology. Energy Fuels also recently began producing heavy rare earth element oxides at pilot scale at its White Mesa Mill in Utah and reports the operation could soon reach commercial-scale separation, contributing to the company’s ambition to supply rare earth oxides that are now subject to Chinese export controls. The company’s Pinyon Plain mine in Arizona mined over six hundred thousand pounds of uranium in the second quarter of 2025, outperforming historical output and further cementing its reputation as a critical U S uranium source. This surge in uranium production aligns with ongoing U S efforts to secure domestic nuclear energy resources and reduce reliance on imported Russian uranium fuel.
In Wyoming, Ramaco Resources is continuing to expand its ambitions in the rare earths and critical minerals sector. As detailed in a letter to shareholders earlier this week, Ramaco is planning to more than double its production at the Brook Mine just north of Sheridan, from about two million tons to five million tons per year. This would push their critical mineral oxide output from approximately twelve hundred tons to over three thousand tons annually. The Brook Mine is considered by the U S Department of Energy as the largest unconventional rare earth deposit in North America. Notably, the Brook Mine’s rare earths are found within coal seams, rather than hard rock, which enables easier extraction and reduced radioactive waste compared to traditional rare earth mining.
In the oil and gas sector, U S Energy Development Corporation has made public its intention to deploy up to one billion dollars in new projects for 2025, with a primary focus on the Permian Basin in Texas and New Mexico. The company set records in 2024 by deploying nearly eight hundred million dollars across twenty nine transactions, further solidifying the Permian Basin’s central role in U S energy production despite global price volatility. U S Energy Development Corporation reports it has successfully improved operational efficiency and reduced drilling costs in its portfolio of over two thousand wells.
Globally, Energy Fuels continues to expand its reach by securing regulatory approvals in Australia for the Donald Rare Earth and Mineral Sand joint venture, expected to become a major new source of rare earths for processing in the U S. These developments collectively highlight a broader pattern of U S based companies rapidly expanding mineral supply chains and processing capabilities for both energy security and the green transition, while also advancing partnerships and projects worldwide.
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