- UUUU to receive minimum of 2,500 tons of natural monazite ore, one of highest-grade REE minerals in world
- Company to produce raw materials needed for clean energy, advanced technologies while also creating green jobs in economically underserved area
- Energy Fuels will be first U.S. company in years to produce marketable mixed REE concentrate on commercial scale
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a diversified uranium miner, has finalized a three-year agreement with the Chemours Company (NYSE: CC) to obtain natural monazite ore, one of the highest-grade rare earth element (“REE”) minerals in the world (https://ibn.fm/Rp4YN). The agreement calls for Energy Fuels to receive a minimum of 2,500 tons per year and represents a significant step in UUUU’s commitment to be a leader in re-establishing a fully integrated U.S. REE supply chain.
“With our announcement . . . Southeast Utah is fast becoming America’s clean energy and critical minerals hub,” Energy Fuels president and CEO Mark S. Chalmers stated…
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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