Rare earth metallization
and alloying facility

Energy Fuels has advanced its rare earth supply chain integration, adding a rare earth metallization and alloying facility. We are now the largest fully integrated rare earth “mine-to-metal & alloy” producer outside China, meeting critical rare earth magnet supply chain needs for sectors including automotive, robotics, energy, and defense.

The currently operating Korean Metals Plant (KMP), in South Korea, and planned American Metals Plant (AMP), combined with Energy Fuels’ existing REE oxide capability at its White Mesa Mill in Utah, provide greater vertical integration throughout the supply chain. The KMP is among the few diversified supply chain facilities currently producing REE metals and alloys, offering the world a western allied option within the production of rare earth magnets.

Through increased vertical integration and expected margin capture, the Company is positioned to expand market share throughout the REE value chain. This approach allows flexibility to sell REE products to end-users at various stages and helps address a significant vulnerability in REE supply chains: the lack of reliable downstream refining and conversion capacity. We can now provide a wider product range—including REE oxides, metals, and alloys—serving customers globally.