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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Produces Rare Earth Carbonate Concentrate, a Milestone Moment for US

  • Energy Fuels has produced rare earth element (“REE”) concentrate on a pilot scale at wholly owned White Mesa Mill.
  • The high-purity concentrate is ready to send to separation plant for final acceptance test work.
  • Company used existing infrastructure and technologies, thereby avoiding years of permitting and development, as well as need for significant capital.

Energy Fuels (NYSE American: UUUU) (TSX: EFR) has produced a rare earth element (“REE”) carbonate concentrate on a pilot scale at its wholly owned White Mesa Mill, located in Utah (https://ibn.fm/WImVU). This may be the first REE concentrate produced from monazite sands at any significant quantity in North America in more than 20 years.

“Energy Fuels achieved a major milestone in U.S. rare earth element production when we successfully produced a REE Concentrate from a sample of monazite sands at our White Mesa Mill,” said Energy Fuels president and CEO Mark S. Chalmers. “Our company literally accomplished REE production in months, because we utilized existing resources, infrastructure and…

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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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