Energy Fuels (NYSE American: UUUU) (TSX: EFR) president and CEO Mark Chalmers was featured during a recent NetworkNewsAudio segment. During the interview, the president of the country’s largest producer of uranium and the leading conventional producer of vanadium discussed the company’s newly released sustainability report and its entry into rare earths production. Chalmers noted that the company is starting the new year preparing to enter a new business: the commercial production of rare earth elements (“REE”); the company’s portfolio also includes a pipeline of high-quality, large-scale exploration and development projects. “We are first and foremost a uranium producer, the largest producer of uranium in the United States,” said Chalmers during the interview. “We also announced in April we’re entering the rare earth sector. We just recently announced that we secured a supply agreement with The Chemours Company for the purchase of monazite ore, which contains both uranium and rare earths. In addition, we’ve got substantial traction with the U.S. government on supporting a national uranium reserve, which our company had a lot to do with in D.C. So it’s been a busy year, despite the COVID issues. . . . When you look at all the positive impacts we have as a company when it comes to reducing carbon emissions, whether it be the uranium production for providing nuclear power, the recycling we’ve done for the past couple of decades, the vanadium sector where we have the only primary vanadium plant in the U.S., or our entrance into rare earths, we cover all these critical minerals and materials that are focused on reducing carbon emissions in a more energy-efficient society.”
To listen to the full interview, visit https://ibn.fm/tMI7p
To view the full press release, visit https://ibn.fm/yNBFG
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 (“U308”) to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and anticipates commencing commercial production of rare earth element (“REE”) carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the United States today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, and is completing final test-work for the production of REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. along with several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.
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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