September 7, 2010. East China Sea. A Chinese fishing trawler rammed two Japanese Coast Guard ships near the Senkaku Islands. Japan detained the captain. Two weeks later, China stopped all rare earth shipments to Japan.

The effect was instant. Japan relied on China for about 90% of its rare earth imports at the time. Without feedstock from China, factories went idle. Terbium prices jumped about 900% over the next year.

Japan's magnet makers said never again. They spent 16 years hunting for a supplier outside China. Last week, they found one in Utah.

Energy Fuels announced on August 19 that its terbium oxide passed every test set by one of the world's largest rare earth magnet makers outside China. The material comes from the White Mesa Mill in southeastern Utah. The approval is final — no more testing, no more waiting. The material can go straight to the production line.

That matters because terbium is the rarest and most costly of the four magnet rare earths. One tonne sells for about $4 million on Western markets. That's more per kilogram than gold. Only a few plants outside China can refine it to that grade. White Mesa is now one of the few whose product has a confirmed buyer.

Energy Fuels already had its NdPr oxide and dysprosium oxide cleared by a major South Korean manufacturer. Terbium was the last piece. With all three approved, the company can supply the full magnet recipe from a single American site.

But oxides are just the middle of the chain. Magnets need metals, alloys, and plants to shape them. So Energy Fuels has been buying its way downstream. Its deal for Australian Strategic Materials — which owns a rare earth metals plant in South Korea — was set to close on August 28. And it has a $1.9 billion deal pending for Vacuumschmelze, a German magnet maker with a plant in South Carolina. That plant can scale to 12,000 tonnes of magnets per year.

If both deals close, Energy Fuels will control every step from ore to finished magnet across four countries. That kind of chain didn't exist outside China a year ago.

The question now is speed. China's export controls snap back on November 10. That's 71 days from today. Once they do, every magnet maker outside China will need non-Chinese supply. Terbium. Dysprosium. NdPr. Energy Fuels is one of the only firms that can offer all three — from American soil.

Sixteen years ago, a fishing boat dispute shut down Japan's magnet industry overnight. This time, the bet is that the supply chain won't depend on one country. White Mesa just became one of the reasons it might not.

There was no vote.

Not a single bill was passed.

And it wasn’t even debated in Congress.

Yet President Trump is resetting the U.S. dollar.

No one has explained what is happening – or shown you how to prepare.

But my new research suggests America’s money is being replaced all the same.

A dollar reset on this scale has happened only once before in our nation’s 250-year history.

That was back in 1974, with a secret deal struck in a Saudi desert that quietly determined the financial fate of an entire generation of Americans.

It created extraordinary wealth for some, while casting millions more into relative poverty.

Now, 52 years later, it's happening again.

And I’d like to show you how to prepare for it, while there’s still time.

My name is Porter Stansberry.

I'm the founder of one of the largest independent financial research firms in the world. Over the last 30 years we've helped hundreds of thousands of Americans navigate almost every major economic cycle.

We've been on the forefront of every big financial story – from the collapse of Fannie Mae and Freddie Mac to the rise of Bitcoin, the COVID inflation surge, and the artificial intelligence revolution.

But today, I need to expose a story the likes of which we haven't seen in half a century.

And as you'll see, the aftershock of this event could reset not just your personal wealth, but the entire foundation of the U.S. dollar.

How you save, how you invest, how you protect everything you've built… it's all being reshaped by what Fortune calls "the biggest change to the world's relationship with the dollar" in a generation.

Yet almost nobody is prepared for it.

So if you've been watching the chaos of the past year unfold, struggling to make sense of it all – you're about to get the answers you've been searching for.

Everything from the government taking direct equity stakes in tiny mining companies… to Trump's obsession with Greenland… his strange deals with Elon Musk, Jeff Bezos, Sam Altman, and Mark Zuckerberg… the re-opening of shuttered nuclear plants… and a $12 billion stockpile of obscure metals most Americans have never heard of…

It's all deeply and inexorably connected to an inescapable fact no one has prepared you for:

President Trump is replacing the dollar.

His shocking money reset has bypassed all conventional channels – enacted instead through a series of executive orders, bi-lateral deals, and a landmark treaty signed by 13 nations in December 2025 (barely reported in the press) called Pax Silica.

You need to know that the financial decisions you make in the face of Trump's New Dollar could dictate whether you're enriched, or quietly impoverished by the seismic shift already underway.

The stocks to buy. The assets to avoid. And the critical moves our research indicates you should make to ensure you and your family end up on the right side of this once-in-a-generation wealth divide…

It's all laid out here for you in my important new briefing.

USA Rare Earth closed the funding for a special vehicle that will buy all of Serra Verde's rare earth output. The Department of War put up $750 million — $250 million more than first planned. A major bank added $500 million in senior debt. The government also signed a purchase deal: at least $300 million in rare earth products over five years, with floor prices locked in. That clears one of the last steps for the $2.8 billion Serra Verde deal. The vote came on August 28.

The DOE gave $10 million to seven research projects through its Critical Materials Hub. The targets: heavy rare earths, gallium, and copper. Four of the seven focus on pulling gallium from waste — bauxite residue, zinc refinery residues, mining byproducts, and industrial residue streams. No new mines needed. The funding came one week after DOE's bigger $162 million award for mine tailings. Total for August: $172 million in rare earth and minerals R&D.

Metal Tech News looked at the three U.S. firms racing to build mine-to-magnet rare earth chains. MP started at the mine. Mountain Pass, out in the desert. It's working down to magnets in Fort Worth. USA Rare Earth started at magnets in Stillwater, Oklahoma, and is working up to mines through Serra Verde in Brazil. Energy Fuels started in the middle — White Mesa refining — and is building both ways. Each path carries different risks. All three chase the same goal: a chain that doesn't touch China.

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Idaho Strategic (NYSE: IDR) found heavy rare earths, including yttrium, at four sites in its Diamond Creek project in Idaho. The ore sits at the surface near a road cut — no drilling needed to pull a bulk sample. More fieldwork and lab tests are planned this season.

— Business Wire

NdPr alloy crept up 0.49% to $133.67/kg on the China benchmark. Neodymium metal held flat at $145.48/kg. Both cooled off after July's 21% and 20% jumps. Heavy rare earths kept sliding — holmium, ytterbium, and lutetium all fell 4–11%.

— rare-earth-mining.com

The VanEck REMX ETF closed at $79.16 on August 27, down from $80.75 a few days before. The fund's 52-week range runs from $57 to $112. It's sitting closer to its low than its high.

— Investing.com

Yttrium oxide goes for about $8/kg inside China. Outside China, the price hit $1,100/kg by May 2026. That's a 140-to-1 gap — wider than dysprosium (7-to-1) or terbium (5-to-1). No rare earth has a bigger spread.

— The Oregon Group