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Posted On: 07/07/2021 3:24:39 PM
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NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Begins Shipping Rare Earths Materials to Europe in Key Supply Chain Move
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, announced that it has shipped the first container of mixed rare earth (“RE”) carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, thus creating a new rare earth supply chain from the United States to Europe. The container, which contained approximately 20 tonnes of RE carbonate, is one of 15 planned for shipment as Energy Fuels continues to process natural monazite sand ore mined in the U.S. Once the RE carbonate arrives at the New Performance Materials plant, it will be processed into separated rare earth oxides and other value-added rare earth compounds. According to the announcement, UUUU’s commercial-scale production of RE carbonate establishes Energy Fuels asthe only company in North America that currently produces a monazite-derived, enhanced rare earth material. “Today, Energy Fuels and Neo took significant steps toward restoring critical U.S. and European rare earth supply chains,” said Energy Fuels president and CEO Mark S. Chalmers in the press release. “Energy Fuels has methodically ramped up our mixed rare earth carbonate production since we first started feeding Georgia monazite ore into our Utah mill in March. Successfully producing this rare earth product, and physically delivering the first containers of rare earth carbonate to Neo, is an important achievement, not only for Energy Fuels and Neo, but also for U.S. government efforts to restore critical rare earth supply chains. This is also very good news for end users of rare earth products in the U.S., Europe , Japan and elsewhere who seek alternative sources of rare earths produced in the U.S. and Europe to the highest global standards of environmental protection and sustainability.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, announced that it has shipped the first container of mixed rare earth (“RE”) carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, thus creating a new rare earth supply chain from the United States to Europe. The container, which contained approximately 20 tonnes of RE carbonate, is one of 15 planned for shipment as Energy Fuels continues to process natural monazite sand ore mined in the U.S. Once the RE carbonate arrives at the New Performance Materials plant, it will be processed into separated rare earth oxides and other value-added rare earth compounds. According to the announcement, UUUU’s commercial-scale production of RE carbonate establishes Energy Fuels asthe only company in North America that currently produces a monazite-derived, enhanced rare earth material. “Today, Energy Fuels and Neo took significant steps toward restoring critical U.S. and European rare earth supply chains,” said Energy Fuels president and CEO Mark S. Chalmers in the press release. “Energy Fuels has methodically ramped up our mixed rare earth carbonate production since we first started feeding Georgia monazite ore into our Utah mill in March. Successfully producing this rare earth product, and physically delivering the first containers of rare earth carbonate to Neo, is an important achievement, not only for Energy Fuels and Neo, but also for U.S. government efforts to restore critical rare earth supply chains. This is also very good news for end users of rare earth products in the U.S., Europe , Japan and elsewhere who seek alternative sources of rare earths produced in the U.S. and Europe to the highest global standards of environmental protection and sustainability.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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