This study investigates two phosphor samples with three processing routes to extract rare earth elements (REE). Acid leaching in 2 M HCl, 80 °C, 1 h yielded higher REE extraction in the compact fluorescent lamp (CFL) feed (82% Eu), with varying rare earth (RE) purity (77–97%) compared to fluorescent tubelight (TL) feed (69% Eu, 98–95% purity). Mechanical activation (MA) of 30 and 60 min caused partial dissociation of the LAP (LaPO4:Ce3+Tb3+) phase and yielded 34% Ce, 36% Tb, and 40% La. Transmission electron microscopy results revealed the formation of polycrystalline sites, which improved RE recovery. Alkali baking showed better REE extraction for both phosphors. 86.5% Y, 69% Eu was selectively extracted in feed acid leaching, and 100% La, 60% Tb, 20.6% Eu after alkali baking with 97% purity and CeO2 in the leach residue. The acid baking route was preferred for CFL phosphor with 91% REE (43 % Tb) extraction and 98% purity. TL phosphor was better for Tb extraction. The alkali baking of TL feed and acid baking of CFL feed yields 37.7% and ∼30% rare earth oxides, respectively.