November 7, 2024 — In a recent interview with Investor.News host Jack Lifton, Curtis Moore, Senior Vice President of Marketing and Corporate Development at Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR), highlighted the company’s evolving role in the U.S. critical minerals sector. Energy Fuels, a leading U.S.-based uranium producer, is broadening its focus to include rare earth elements (REEs) along with two other critical minerals, titanium, and zirconium, which are essential for high-tech and industrial applications. Moore discussed the company's unique White Mesa Mill in Utah—the only conventional uranium mill in the U.S.—as a pivotal facility capable of processing uranium and various feedstocks containing rare earths. "We have proven up our ability to extract and separate rare earths at our facility in Utah," he noted, underscoring Energy Fuels’ potential to become a significant non-Chinese source for these critical minerals.
Moore also outlined Energy Fuels’ strategy for vertical integration, which includes advancing downstream capabilities to produce magnets essential for industries like electric vehicles and wind energy. "End users really need magnets," Moore stated, emphasizing the company's exploration into metal and alloy production to better meet market needs. This approach aligns with Energy Fuels' recent acquisition of Base Resources Limited (ASX: BSE), which brings the Toliara HMS project in Madagascar into the fold—a project Moore described as having “a $1 billion NPV” based on titanium and zirconium alone, with even greater potential for rare earth production through monazite processing. Moore emphasized Energy Fuels' strategic position to unlock substantial value across its projects, aspiring to lead in titanium, zirconium, and rare earth production as it builds out a robust global supply chain.
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