Stocks in play: Energy Fuels Inc.
And Vulcan Elements, a U.S. manufacturer of rare earth permanent magnets, are pleased to announce that the companies have signed a Memorandum of Understanding (MOU) to collaborate on creating a resilient domestic supply chain for rare earth magnets independent of China. Rare earth magnets are used in a variety of commercial and defense applications, including satellites, robotics, artificial intelligence data centers, semiconductor fabrication, drones, defense systems, electric vehicles, consumer electronics, industrial motors, and power tools. Energy Fuels Inc. shares T.EFR are trading up $2.12 at $17.25.
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