Fermi Critical Minerals
Fermi Critical Minerals is a U.S.-based, pre-revenue mineral exploration company developing uranium, rare earth, and gold projects across Wyoming, Colorado, Idaho, and California to supply domestic-sourced uranium for the nuclear energy sector.
- Company typePrivate
- Founded1950
- Headquarters—
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Fermi Critical Minerals does
Fermi Critical Minerals, Inc. (DBA: Fermiuranium) is a U.S.-based, pre-revenue mineral exploration and development company focused on discovering and developing domestic sources of uranium, with a secondary portfolio in rare earth elements (REE) and gold. The company holds eight exploration-stage projects across the Western United States, including drill-permitted assets in Wyoming and Colorado and named projects at South Pass, Blue Rim, Uravan, Ellis, the Rare Earth Project, and Darby Mountain, spanning jurisdictions in Wyoming, Colorado, Idaho, and California. Its core technical activity is conventional mineral exploration—drilling, permitting, and geological evaluation—augmented by a stated plan to conduct carbon-neutral extraction using onsite renewable energy and certified carbon credits.
The company's intended end market is the U.S. nuclear energy sector, positioning itself as a secure, domestic uranium supplier for next-generation reactors and low-carbon baseload power, while also pursuing REE and gold resources to broaden its commodity exposure. There are no current revenue-generating operations, no commercial products, and no disclosed pricing; the stated business model is exploration-stage value creation through asset development, with future monetization tied to potential uranium production, REE supply, and gold resource delineation. As of February 2026, capital formation has consisted of a single US$1.0 million strategic equity investment from Australian-listed Dateline Resources Limited (ASX:DTR), which acquired 4 million shares as part of the broader Music Valley Heavy Rare Earths Project transaction. Leadership consists of CEO, President, and Director James Baughman, supported by an internal team described as industry experts; broader management depth and board composition are not disclosed in the available data.
Fermi Critical Minerals firmographics
Firmographics- Name
- Fermi Critical Minerals
- Legal name
- Fermi Critical Minerals, Inc.
- Website
- https://fermiuranium.com
- Company type
- Private
- Founded year
- 1950
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fermi Critical Minerals is a U.S.-based, pre-revenue mineral exploration company developing uranium, rare earth, and gold projects across Wyoming, Colorado, Idaho, and California to supply domestic-sourced uranium for the nuclear energy sector.
- Ownership category
- akta.pro rank
Fermi Critical Minerals industry classification
Industry- Product category
- Uranium and Critical Minerals Exploration
- NAICS
- Other Metal Ore Mining (212290)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040)
- akta.pro primary industry
- Uranium Exploration & Resource Development (EUAKACAA)
- akta.pro secondary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Fermi Critical Minerals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Pre-revenue exploration stage: As an early-stage uranium and rare earth exploration company, Fermi Critical Minerals currently has no revenue-generating operations. The company is focused on discovery and development of new uranium sources in the Western United States for future commercial production.
Marketing channels2 records
Fermi Critical Minerals product offering
Product offeringCore offering
Fermi Critical Minerals is a U.S.-based mineral exploration and development company that discovers and develops uranium, rare earth element (REE), and gold deposits in the Western United States. The company holds a portfolio of six named exploration projects in Wyoming, Colorado, Idaho, and California, including drill-permitted assets, intended to supply domestic uranium to nuclear power generators for emission-free electricity production.
Product overview
Fermi Critical Minerals is a U.S.-based uranium and critical minerals exploration and development company with a multi-asset portfolio of projects in the Western United States. The company operates six named exploration projects: South Pass Project (Wyoming), Blue Rim Project, Uravan Project, Ellis Project (Idaho), the Rare Earth Project, and the Darby Mountain Project. The portfolio spans uranium, gold, and rare earth elements (REE), with drill-permitted projects in Wyoming and Colorado. The company is focused on discovering and developing secure domestic sources of uranium for emission-free power generation and supports clean energy objectives through responsible mineral exploration.
Differentiator
Problem solved
Functional benefit
Products and services
- South Pass Project Uranium exploration project located in the South Pass region of the Western United States, part of Fermi's diversified critical minerals portfolio.
- Blue Rim Project Uranium exploration project in the Blue Rim region of the Western United States, advancing Fermi's domestic uranium supply pipeline.
- Uravan Project Uranium exploration project in the Uravan region, supporting Fermi's uranium and critical minerals development pipeline for nuclear power generators.
- Ellis Project Mineral exploration project located in Idaho, part of Fermi's diversified portfolio of uranium, gold, and rare earth element targets.
- Rare Earth Project Rare earth elements exploration project targeting light and heavy rare earth mineralisation in the Western United States as part of Fermi's critical minerals portfolio.
- Darby Mountain Project Exploration project targeting critical minerals at the Darby Mountain location, supporting Fermi's multi-asset critical minerals strategy in the Western United States.
Companies that use Fermi Critical Minerals
Customer profileSegments1 record
Ideal customer profiles1 record
Fermi Critical Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fermi Critical Minerals partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Fermi Critical Minerals competitors and assessment
Company assessmentOthers
- Dateline Resources Limited: Australian-listed strategic equity investor in Fermi with overlapping exposure to U.S. uranium and rare earth assets (including the Music Valley Heavy Rare Earths Project). Comparable as a thematic peer rather than a competitor.
Regional players
- Peninsula Energy Limited: Australia-listed uranium developer-producer with U.S. ISR assets in Wyoming. Comparable to Fermi on uranium ISR development model and Wyoming geographic overlap.
Direct peers
- Western Uranium & Vanadium Corp: Uranium and vanadium developer with assets in the Western U.S. including Colorado and Utah. Comparable to Fermi on Western U.S. uranium/vanadium exploration focus and project portfolio structure.
- Uranium Energy Corp: U.S.-focused uranium exploration and ISR production company with assets in Wyoming, Texas, and New Mexico. Closely comparable to Fermi on commodity focus, U.S. jurisdictional footprint, and ISR/development-stage profile.
- Energy Fuels Inc. U.S.-based uranium and rare earth element producer operating in the Western U.S. Most directly comparable to Fermi given overlap in uranium production/development and REE processing strategy targeting domestic supply chains.
- Ur-Energy Inc. U.S.-based uranium producer with operations centered in Wyoming. Comparable to Fermi on commodity, U.S. geography (Wyoming), and exploration-to-production pathway.
- enCore Energy Corp: U.S. uranium ISR developer-producer with a portfolio of permitted and producing uranium projects in the Western U.S. Comparable to Fermi on U.S. uranium focus and ISR-style development approach.
Emerging players
- USA Rare Earth, Inc. U.S. rare earth and critical minerals development company focused on domestic supply chain onshoring. Comparable to Fermi on REE strategy and U.S. critical-minerals policy alignment.
Broad incumbents
- Cameco Corporation: World's largest publicly traded uranium producer with significant Western U.S. (Wyoming) ISR exposure. Comparable to Fermi on uranium commodity exposure but operates at far greater scale across the full nuclear fuel cycle.
- MP Materials Corp: Largest U.S. rare earth producer operating Mountain Pass in California. Comparable to Fermi on REE focus and U.S. domestic critical-minerals positioning, though substantially larger and already in production.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Fermi Critical Minerals social profiles
Digital presenceFermi Critical Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fermi Critical Minerals leadership team
Management profileNumber of profiles
Profiles1 record
Fermi Critical Minerals funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fermi Critical Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fermi Critical Minerals
What does Fermi Critical Minerals do?
Fermi Critical Minerals is a U.S.-based mineral exploration and development company that discovers and develops uranium, rare earth element (REE), and gold deposits in the Western United States. The company holds a portfolio of six named exploration projects in Wyoming, Colorado, Idaho, and California, including drill-permitted assets, intended to supply domestic uranium to nuclear power generators for emission-free electricity production.
Is Fermi Critical Minerals a public or private company?
Fermi Critical Minerals is a private company. It is classified as unknown and is currently operating.
When was Fermi Critical Minerals founded?
Fermi Critical Minerals was founded in 1950. It employs 1 to 10 people.
How does Fermi Critical Minerals make money?
One revenue line is on record: pre-revenue exploration stage.
Who are Fermi Critical Minerals's main competitors?
Dateline Resources Limited is listed as an others. Peninsula Energy Limited is listed as a regional player. Direct peers are Western Uranium & Vanadium Corp, Uranium Energy Corp, Energy Fuels Inc., Ur-Energy Inc. and enCore Energy Corp. USA Rare Earth, Inc. is listed as an emerging player. Broad incumbents are Cameco Corporation and MP Materials Corp.
Does Fermi Critical Minerals have an API?
No public API is recorded for Fermi Critical Minerals.
What industry is Fermi Critical Minerals in?
Fermi Critical Minerals's product category is Uranium and Critical Minerals Exploration. Its primary akta.pro industry code is EUAKACAA, Uranium Exploration & Resource Development, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 212290 and its SIC code is 1000.