Energy Fuels Inc. (NYSE:UUUU) is 1 of the low priced stocks to bargain with precocious upside potential. On December 19, Texas Capital initiated sum of Energy Fuels with a Buy standing and $20 terms target. The steadfast highlighted Energy Fuels arsenic a cardinal subordinate successful the captious minerals sector, focusing connected uranium, vanadium, and uncommon world elements. Texas Capital emphasized that the company’s White Mesa Mill successful Blanding, Utah, stands arsenic the lone operational accepted uranium mill successful the US, supporting a licensed yearly capableness of 8.0 cardinal pounds.
Energy Fuels Inc. (NYSE:UUUU) announced that its US-produced dysprosium/Dy oxide successfully passed archetypal purity and QA/QC benchmarks for usage by a large South Korean automotive manufacturer. This high-purity material, produced astatine the White Mesa Mill successful Utah, is simply a captious dense uncommon world element/REE utilized to amended the durability and show of neodymium-iron-boron/NdFeB imperishable magnets. These magnets are indispensable for EVs, robotics, and blase defence systems similar missiles, drones, and naval reactors.
This accomplishment marks Energy Fuels Inc. (NYSE:UUUU) arsenic the archetypal US institution to person some its airy and dense REEs qualified for imperishable magnet applications, pursuing the qualification of its NdPr oxide connected September 9. The institution is filling a captious spread successful the home proviso chain, particularly arsenic China has maintained export controls connected 7 uncommon earths (including dysprosium, terbium, and samarium) since April this year. To date, the institution has produced ~29 kilograms of dysprosium oxide astatine a aviator standard with 99.9% purity, importantly exceeding the modular automotive request of 99.5%.
Energy Fuels Inc. (NYSE:UUUU), unneurotic with its subsidiaries, explores, recovers, recycles, operates, develops, permits, evaluates, and sells uranium mineral properties successful the US.
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READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This nonfiction is primitively published at Insider Monkey.

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