Energy Fuels Plans 6,000 tpa Rare Earth Production to Restore US Supply Chain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy EFR?
Source: PRnewswire
- Expansion Plan: Energy Fuels is set to expand its rare earth processing capacity at the White Mesa Mill in Utah, targeting an annual production of 6,000 tons of NdPr, 240 tons of Dysprosium, and 66 tons of Terbium, which is expected to meet 45% of U.S. rare earth demand and significantly enhance domestic supply chain stability.
- Cost Advantage: The latest Bankable Feasibility Study estimates a capital cost of $410 million for the Phase 2 Circuit, with a production cost of $29.39 per kg, showcasing the company's competitive edge in global rare earth production, particularly in capital and operating costs.
- Profit Potential: The project is projected to generate approximately $765 million in EBITDA annually over the first 15 years, combined with a net present value of $3.7 billion, indicating Energy Fuels' profitability and long-term investment appeal in the rare earth market.
- Market Impact: The expansion by Energy Fuels will not only drive the restoration of the U.S. rare earth supply chain but also enhance its competitive position in the global market, particularly in the production of heavy rare earth elements, with a forecast to meet 100% of demand by 2030.
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Analyst Views on EFR
Wall Street analysts forecast EFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EFR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.030
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About EFR
Eaton Vance Senior Floating-Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide a high level of current income. The Trust may, as a secondary objective, also seek the preservation of capital to the extent consistent with its primary objective. The Trust holds investments in a range of sectors, such as software, health care providers and services, machinery, chemicals, commercial services and supplies, information technology (IT) services, capital markets, hotels, restaurants and leisure, specialty retail and professional services. The Trust invests in floating-rate loans, asset-backed securities, corporate bonds and others. It has investments in the United States, Europe (excluding the United Kingdom), Northern America (excluding the United States), the United Kingdom and Asia/Pacific (excluding Japan). The Trust’s investment adviser is Eaton Vance Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Company Overview: Energy Fuels is involved in the energy sector, focusing on the production and supply of uranium and vanadium.
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See More
Energy Fuels Plans 6,000 tpa Rare Earth Production to Restore US Supply Chain
- Expansion Plan: Energy Fuels is set to expand its rare earth processing capacity at the White Mesa Mill in Utah, targeting an annual production of 6,000 tons of NdPr, 240 tons of Dysprosium, and 66 tons of Terbium, which is expected to meet 45% of U.S. rare earth demand and significantly enhance domestic supply chain stability.
- Cost Advantage: The latest Bankable Feasibility Study estimates a capital cost of $410 million for the Phase 2 Circuit, with a production cost of $29.39 per kg, showcasing the company's competitive edge in global rare earth production, particularly in capital and operating costs.
- Profit Potential: The project is projected to generate approximately $765 million in EBITDA annually over the first 15 years, combined with a net present value of $3.7 billion, indicating Energy Fuels' profitability and long-term investment appeal in the rare earth market.
- Market Impact: The expansion by Energy Fuels will not only drive the restoration of the U.S. rare earth supply chain but also enhance its competitive position in the global market, particularly in the production of heavy rare earth elements, with a forecast to meet 100% of demand by 2030.
See More
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Shareholder Ownership: Shareholders of Energy Fuels, as a group, would own approximately 5.8% of the company's outstanding shares.
Company Overview: Energy Fuels is involved in the energy sector, focusing on the production and supply of uranium and vanadium.
See More
ENERGY FUELS SET TO PURCHASE AUSTRALIAN STRATEGIC MATERIALS FOR NEW "MINE-TO-METAL & ALLOY" RARE-EARTH LEADER
Energy Fuels Acquisition: Energy Fuels has acquired Australian strategic materials to enhance its capabilities in producing rare earth elements.
New Mine-to-Metal Process: The company aims to develop a new "mine-to-metal" process for creating rare-earth metals and alloys, positioning itself as a leader in the sector.
See More
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- Expansion Plan: Energy Fuels is set to expand its rare earth processing capacity at the White Mesa Mill in Utah, targeting an annual production of 6,000 tons of NdPr, 240 tons of Dysprosium, and 66 tons of Terbium, which is expected to meet 45% of U.S. rare earth demand and significantly enhance domestic supply chain stability.
- Cost Advantage: The latest Bankable Feasibility Study estimates a capital cost of $410 million for the Phase 2 Circuit, with a production cost of $29.39 per kg, showcasing the company's competitive edge in global rare earth production, particularly in capital and operating costs.
- Profit Potential: The project is projected to generate approximately $765 million in EBITDA annually over the first 15 years, combined with a net present value of $3.7 billion, indicating Energy Fuels' profitability and long-term investment appeal in the rare earth market.
- Market Impact: The expansion by Energy Fuels will not only drive the restoration of the U.S. rare earth supply chain but also enhance its competitive position in the global market, particularly in the production of heavy rare earth elements, with a forecast to meet 100% of demand by 2030.
See More
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- Nuclear Demand Surge: U.S. electricity generation is projected to grow by 2.4% in 2025, primarily driven by AI data centers, indicating strong demand for nuclear energy that could enhance Eagle Energy Metals' market performance.
- Domestic Uranium Shortage: Over 95% of uranium for U.S. nuclear plants is imported, particularly from Russia and Kazakhstan, prompting government investments to boost domestic uranium production for energy security.
- Aurora Project Advancement: Eagle Energy Metals is collaborating with BBA USA Inc. to design a targeted drilling campaign at its Aurora uranium project, preparing for an upcoming Pre-Feasibility Study that solidifies its position in the U.S. uranium market.
- High-Grade Uranium Discovery: NexGen Energy reported a high-grade assay of up to 74.8% U₃O₈ at Patterson Corridor East, enhancing its competitiveness in global uranium deposits and potentially attracting more investor interest.
See More
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- Market Performance: As of November 28, 2025, CEV's closing market price was $10.49, resulting in a distribution rate of 5.72%, reflecting investor confidence and the fund's competitive position in the municipal bond market.
- Tax Advantages: Eaton Vance's tax-advantaged distribution fund (such as EVT) declared a distribution of $0.1646 per share, showcasing the company's strategic advantage in providing tax-efficient returns, attracting investors seeking stable income.
- Managed Distribution Plan: Eaton Vance employs a managed distribution plan to ensure regular monthly cash distributions to common shareholders, although the distribution amounts may be influenced by market conditions and investment performance, which enhances transparency and investor trust.
See More
Global Rare Earth Elements Market Anticipated to Hit $8.14 Billion by 2032 Amidst Rising Demand
Rising Demand for Rare Earth Elements: The global market for rare earth elements is projected to grow significantly, driven by increasing demand for consumer electronics, electric vehicles, and environmental concerns, with a market size expected to reach USD 8.14 billion by 2032.
Apex Critical Metals Acquisition: Apex Critical Metals Corp. has acquired mineral rights in the Elk Creek Carbonatite Complex, Nebraska, positioning itself for exploration of rare earth elements, with promising historical drilling results indicating high-grade mineralization.
See More
