quote:
Energy Fuels’ stock has surged nearly 200% since the MP deal on July 10, as investors speculate that it could be a deal target for the Trump administration. Critical mineral miner NioCorp Developments
is also up almost 200%, Ramaco Resources
has gained 140%, and USA Rare Earth
is up more than 70%.

MP Materials will likely need more heavy rare earths as it develops a second facility to make magnets under the Defense Department deal, Castilloux said. Heavy rare earths are needed to produce magnets that can withstand high temperatures in EV motors and defense industry applications, he said.

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Headquartered in Denver, Energy Fuels is the largest uranium miner in the U.S. and is forming a rare earth operation through mines it has acquired around the world. Its operation will produce heavy rare earths, Chalmers said.

Energy Fuels is focused on “providing a product that is attractive to the U.S government” and complements the strengths of MP Materials, the CEO said.

“The government cannot bet on one horse — it just doesn’t make sense,” Chalmers said. “We spend a lot of time in D.C. making sure they understand the merits of our strategy,” he said.

Trump eyes lithium
Other critical minerals like lithium, cobalt and graphite are ripe for federal investment to smooth out volatile price fluctuations that undermine U.S. miners, said Rich Nolan, CEO of the National Mining Association. Those minerals are all used in batteries, among other applications.

The Trump administration has proposed an equity stake in Lithium Americas, as the Canadian company renegotiates the terms of a $2.2 billion loan from the Department of Energy for its Thacker Pass mine in northern Nevada. The mine is expected to become one of the largest sources of lithium in North America, with the first phase of the project scheduled to start operations in late 2027.

Lithium Americas stock surged more than 90% this week on news of the potential government stake.

Albemarle
CEO Kent Masters told CNBC that something “in the ballpark” of the MP deal could apply to the lithium sector. Albemarle, headquartered in Charlotte, North Carolina, is one of the largest lithium producers in the world.

“What you want to do is move the market such that private industry can invest behind it,” Masters told CNBC in July, pointing to Apple
’s offtake agreement with MP just days after the Defense Department deal.

CNBC

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Posted by jamiegla1

Member since Aug 2016

7928 posts

Posted on 9/28/25 at 10:09 am to bigjoe1

we spent 20 years in afghanistan and never touched their rare earth metals. We pulled out and china moved in. I wonder if taking Bagram back has something to do with this

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Posted by GREENHEAD22