This article has been disseminated on behalf of Energy Fuels Inc. and may include paid advertising.
Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced the results of a new Bankable Feasibility Study for its planned Phase 2 rare earth element processing circuit expansion at its 100%-owned White Mesa Mill in Utah, confirming strong economics, competitive costs, and the potential to supply a significant share of U.S. rare earth demand. The study outlines an estimated $410 million initial capital cost, after-tax NPV of $1.9 billion at an 8% discount rate, and a 33% IRR for the Phase 2 Circuit on a standalone basis, with combined NPV rising to $3.7 billion when paired with the Vara Mada project. Upon commissioning, the Phase 2 Circuit is expected to expand NdPr oxide production capacity to more than 6,000 tonnes per year, positioning the Mill among the world’s largest and lowest-cost producers of light and heavy rare earth oxides, with regulatory approval anticipated by mid-2027 and construction and commissioning targeted by the first quarter of 2029.
To view the full press release, visit https://ibn.fm/32xlV
About Energy Fuels
Energy Fuels is a leading U.S.-based critical materials company, focused on uranium, rare earth elements (REEs), heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, Energy Fuels also produces advanced REE products, vanadium oxide (when market conditions warrant), and is evaluating the potential recovery of certain medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy cancer treatments. Energy Fuels is also developing three (3) heavy mineral sands projects: the 100% owned Vara Mada Project in Madagascar; the 100% owned Bahia Project in Brazil; and the Donald Project in Australia in which Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. Energy Fuels, based near Denver, Colorado, trades its common shares on the NYSE American under the trading symbol “UUUU,” and is also listed on the Toronto Stock Exchange under the trading symbol “EFR.”
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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