Energy Fuels to Acquire VAC for $1.9 Billion, Creating First Western Mine-to-Magnet Platform
The deal combines mining, processing, and magnet manufacturing for EVs, defense, and clean energy.
The deal combines mining, processing, and magnet manufacturing for EVs, defense, and clean energy.
Energy Fuels receives a conditional $725 million loan from the US Office of Strategic Capital to expand domestic rare earth processing and strengthen the US supply chain.
Goldman Sachs starts coverage on Energy Fuels with a Buy rating and $30 price target, highlighting its top uranium assets, unique US mill, and future growth in heavy mineral sands.
President Trump unveils Project Vault, a $12 billion initiative to stockpile critical minerals, reducing US dependence on China and protecting manufacturers from supply disruptions.
Energy Fuels (UUUU) surpasses uranium production goals for 2025, mining over 1.6M pounds while expanding into rare earth elements and securing long-term contracts through 2032.
The US government plans to take more equity stakes in critical minerals companies to reduce reliance on China and strengthen national security supply chains.