Magnetics Business & Technology - May/June 2021 - 29

INDUSTRY NEWS
missing link in solving this challenge. They extract valuable uranium from monazite and put it to good use while also recovering
monazite's rare earth content. And, given the relatively significant
monazite resources around the world, we expect this collaboration will help Neo expand our production of separated rare earth
products in Europe and improve resiliency of European manufacturing. That is particularly timely given increasing demand for rare
earth materials across the continent and given the EU's vehicle
electrification initiatives, which will require greater supplies of rare
earths. "

is not only expected to be at a relatively low cost, also to make
a much smaller environmental footprint when compared to other
projects.
Under the terms of the current agreement, Energy Fuels will supply to Silmet increasing amounts of RE Carbonate for pilot-scale
production and full commercial qualification. Implementation of the
initiative is subject to successful pilot-scale operations, execution of definitive agreements, and optimization of the companies'
production processes.

" Together, Energy Fuels, Neo, and Chemours
For more info, see www.neomaterials.com and www.energyfuels.
have successfully created an integrated rare
com.
earth supply chain based in the U.S. and Europe, " stated Mark S. Chalmers,
President and CEO of Energy
Fuels. " Monazite is coveted
globally as one of the highestMAGNETIC CHARGING SYSTEMS & QUALITY CONTROL
value rare earth minerals in
Mark Chalmers,
FOR ELECTRIC MOTORS IN AUTOMOTIVE
the world, due to its excellent
CEO of Energy
AND POWERTRAIN APPLICATIONS
distribution of neodymium and
Fuels
praseodymium (NdPr), as well
as 'heavy' rare earths. It is already mined here in the U.S. and elsewhere around
the world. However, until now, there has been no
integrated ability to process monazite in the U.S.
or Europe into the rare earth materials needed to
supply the rapidly increasing demand for electric
vehicles, renewable energy systems, and other
clean energy and advanced technologies. Energy
MEASURING SYSTEMS
MAGNETIZING SYSTEMS
Fuels is proud to help solve this challenge for both
FOR RESEARCH & DESIGN
FOR INDUSTRY
U.S. and European markets. Under the agreement
announced today, we plan to supply all or a portion
of our mixed rare earth carbonate to Neo for several
years, while also developing our own separation,
metals, alloys, and other downstream rare earth
capabilities at the White Mesa Mill for supply into
the U.S. as domestic markets grow. "
Of the 55% TREO typically found in U.S. monazite
sands, NdPr comprises approximately 22% of the
TREO. NdPr are among the most valuable of the
rare earth elements, as they are the key ingredient in the manufacture of high-strength permanent
magnets that are essential to the lightweight and
powerful motors required in electric vehicles, permanent magnet wind turbines used for renewable
energy generation, and a variety of other modern
technologies, including, mobile devices and defense
applications.
Additionally, the companies noted, because monazite is typically a byproduct from other mining operations, processing monazite ore for the recovery of
rare earths, along with the contained uranium, is
expected to be at a relatively low cost, since no new
mining needs to be licensed, financed, and developed. Energy Fuels will utilize its existing White
Mesa Mill to produce the RE Carbonate, and Silmet
will utilize its existing separations facility, thereby
avoiding the need to license, finance and develop
new facilities with these capabilities.
As a result, producing rare earths and uranium from
existing mining, processing, and separation facilities
www.MagneticsMag.com

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MAGNETIZING
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MAGNETIZERS

MAGNETIZING
STATIONS

Laboratorio Elettroﬁsico is a global company specializing in the engineering,
design, and manufacturing of the world's most precise magnetizing and
magnetic measuring equipment.
Our capabilities allow us to follow the development of the industrial project
from the early stage (R&D) to the production phases, including technical
service. This maximizes the beneﬁt in terms of time and cost saving.

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ITALY (HQ) - USA - CHINA
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May/June 2021 * Magnetics Business & Technology

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Magnetics Business & Technology - May/June 2021

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