Energy Fuels Inc. (NYSE: UUUU) shares surged after announcing a deal with Vulcan Elements to build a U.S.-based supply chain for rare-earth magnets. Energy Fuels will supply high-purity NdPr and Dy oxides to Vulcan for testing and production at its Utah facility. Rare-earth magnets are crucial for various industries, aiming to reduce reliance on Chinese suppliers.

Energy Fuels operates the only U.S. facility processing monazite mineral concentrates into rare-earth oxides. The company started commercial-scale NdPr production in 2024 and is exploring heavier oxides like Dy and terbium. Vulcan CEO John Maslin highlighted the importance of onshoring critical supply chains, while Energy Fuels CEO Mark S. Chalmers sees this as a step towards a secure Western rare-earth magnet industry.

Energy Fuels has seen a 146% rally in 2025, partly driven by Cathie Wood’s investment push into nuclear power. Wood’s focus on clean energy and advanced technology has drawn attention to Energy Fuels’ uranium and rare-earth operations. The company’s unique position to supply nuclear fuel and rare-earth materials strengthens its market position.

UUUU shares are trading 17.84% higher at $12.88. Energy Fuels’ strategic partnership with Vulcan Elements to develop a U.S.-based rare-earth magnet supply chain has bolstered its market performance and investor interest. The company’s dual capability to supply nuclear fuel and rare-earth materials positions it at the forefront of clean energy and advanced technology sectors.

Read more at Yahoo Finance: Energy Fuels Sets Stage For US-Made Rare Earth Magnets Powering AI And EVs