Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Receives Monazite Shipments, Initial Step in Becoming Key U.S. Rare Earth Supplier
Apr 8, 2021
- Initial shipments of rare earth bearing monazite mineral mark beginning of plans to produce mixed rare earth element (“REE”) carbonate
- Company ramping up operations for “what we believe will become a burgeoning supply chain,” says CEO
- Energy Fuels plans to commercially produce REE product at a stage more advanced than any other U.S. company
Energy Fuels (NYSE American: UUUU) (TSX: EFR) has received the first shipments of natural monazite ore at its White Mesa Mill in Utah (https://ibn.fm/SFNkh). Monazite ore is a naturally occurring mineral, rich in rare earth elements, which is currently mined as a byproduct of other metal mining. The shipments mark the beginning of UUUU’s plans to ramp up production of mixed rare earth element (“REE”) carbonate, an intermediate rare earth product, which is also the beginning of the company’s plans to increase domestic production of these vital minerals.
Energy Fuels will buy monazite from The Chemours Company operation in the state of Georgia, produce a mixed REE carbonate at its plant in Utah, and sell this product to Neo Performance Materials’ REE separation plant in…
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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