This market resolves YES if Energy Fuels White Mesa Sm2O3 production exceeds 12 tonnes in 2027.

What is being measured: Energy Fuels White Mesa Mill Sm2O3 production for calendar year 2027, as reported in Energy Fuels' annual report (published ~March/April 2028), settled June 30 2028.

YES if: Energy Fuels White Mesa Sm2O3 annual production >= 12 tonnes for 2027 NO if: Production is below 12 tonnes or not reported

Resolution sources (priority order):

Energy Fuels 10-K annual report (SEC EDGAR) — rare earth production section

Energy Fuels quarterly earnings releases (uuuu.com/investors)

Energy Fuels investor presentations — White Mesa REE production data

SEC 8-K filings with production milestones