Mining Stock Daily

Morning Briefing: Energy Fuels Produces 1st Kilogram of Dysprosium Oxide from the White Mesa Mill

Aug 21, 2025
Energy Fuels has achieved a milestone by producing its first kilogram of high-purity dysprosium oxide, marking a significant step in rare earth element production. The latest mineral resource estimate for the White Gold Project reveals an impressive increase in gold resources. Meanwhile, exciting drilling results emerge from NexMetals and Dryden Gold, showcasing promising copper and gold finds. Marimaca Copper is making strategic moves by acquiring a sulfuric acid plant in Chile, demonstrating a proactive approach in the mining sector.
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INSIGHT

Non-Chinese Rare Earth Supply Demonstrated

  • Oxides were produced from U.S. monazite, demonstrating a non-Chinese supply chain for heavy rare earths.
  • Energy Fuels intends to produce terbium oxide next and pursue commercial separation capacity expansion.
INSIGHT

US Heavy Rare Earth Production Milestone

  • Energy Fuels produced 1 kg of 99.9% pure dysprosium oxide at pilot scale, exceeding commercial specs.
  • The company plans steady pilot output (2 kg/week) and aims for commercial HREE separation by Q4 2026.
INSIGHT

White Gold Resource Upgrade

  • White Gold updated its mineral resource estimate, raising indicated ounces by 44% to ~1.7 Moz.
  • The 2025 program targets further resource growth and a preliminary economic assessment.
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