Energy Fuels Inc. (UUUU) saw a staggering 41.82% increase in stock value this week, closing at $9.36 on Friday from $6.6 on July 11. The company has commenced production of Dysprosium oxide at its Utah-based White Mesa Mill, aiming for a purity level exceeding 99.9%.

Energy Fuels Inc. (UUUU) plans to produce the first kilogram of Dysprosium oxide within the next 30 days and continue production on a pilot scale until September 2025. By October 2025, the company aims to produce 15 kgs, enabling the feed of residuals to its Terbium circuit.

The company is targeting to begin the pilot scale production of samarium oxide in January 2026. Energy Fuels Inc. President and CEO Mark Chalmers stated that the company is in a unique position to supply US industries with heavy rare earth oxides for the manufacturing of rare earth metals, alloys, and magnets.

Read more at Yahoo Finance: Energy Fuels (UUUU) Jumps 41.8% on Rare Earth Boom Ride