07:13 AM EDT, 08/26/2025 (MT Newswires) -- Energy Fuels ( UUUU ) said Tuesday it signed a memorandum of understanding with Vulcan Elements to collaborate on building a domestic supply chain for rare earth magnets.

Under the collaboration, Energy Fuels ( UUUU ) will supply Vulcan Elements with rare earth oxides for validation in rare earth magnet production, the company said.

The companies plan to negotiate long-term supply agreements for neodymium-praseodymium and dysprosium oxides after validation, Energy Fuels ( UUUU ) added.

Shares of Energy Fuels ( UUUU ) were more than 2% higher in recent Tuesday premarket activity.