Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently expanded into the rare earth elements (“REE”) market, which is projected to grow at a CAGR of 12.3%, expanding from $5.3 billion in 2021 to $9.6 billion by 2026 (https://nnw.fm/vqRBC). A recent article, which termed the REE market as promising, described UUUU’s efforts in this space. “Energy Fuels is the key U.S. player for raw materials such as uranium, rare earth elements and vanadium, that make many clean energy and advanced technologies possible,” it reads. The company recently received the first shipment of natural monazite ore, one of the most valuable rare earth-bearing minerals that also contains uranium, at its White Mesa Mill. Following the delivery, UUUU president and CEO Mark S. Chalmers said, “I’m not exaggerating when I say that rare earths at Energy Fuels’ White Mesa Mill in Utah might be the best resource opportunity I’ve encountered in my 45-year mining career.”
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About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain. With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling, and rare earth processing. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” For more information, visit the company’s website at www.EnergyFuels.com.
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