07:39 AM EDT, 09/09/2025 (MT Newswires) -- Energy Fuels ( UUUU ) said Tuesday that high-purity neodymium-praseodymium oxide produced at its White Mesa Mill in Utah has been manufactured into commercial scale rare earth permanent magnets and passed all quality benchmarks for use in EV drive unit motors.

These drive units are expected to be installed in new vehicles and be available in the marketplace within the next few months, the company said.

Energy Fuels ( UUUU ) further said that it now plans to engage in negotiations for a potential longer-term supply arrangement.