NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 05/21/2020 3:35:34 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Strategic Engagements of Industry Experts to Advance Entry into U.S. Rare Earth Space
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading producer of uranium in the United States, today announced its entry into consulting agreements with Constantine Karayannopoulos and Brock O’Kelley, two rare earth element (“REE”) industry experts who each have decades of experience producing commercially viable rare earth products. According to the update, the collaborations will aid in the development and implementation of commercial and technical REE strategies for the new U.S. REE program Energy Fuels is pursuing. “Energy Fuels is extremely excited to bring Constantine Karayannopoulos and Brock O’Kelley on board to advance our entry into the rare earth space in the U.S.,” Mark S. Chalmers, President and CEO of Energy Fuels, said in the news release. “Over the past year or so, Energy Fuels has been actively evaluating this rare earth opportunity. We are quickly coming to the conclusion that the White Mesa Mill may be an ideal U.S. facility to process rare earth element ore streams and produce rare earth concentrates. Mr. Karayannopoulos and Mr. O’Kelley will assist Energy Fuels in the commercial and technical aspects of this endeavor. Mr. Karayannopoulos established Neo Material Technologies into a unique REE materials company, which is currently one of the World’s leading producers of REEs and a broad range of light and heavy rare earth engineered products outside of China. Neo was acquired for Cdn$1.3 billion in 2012 by Molycorp, the operator of the rare earth mine and processing facility in Mountain Pass, California. Neo maintained its cash flow and profitability, despite Molycorp’s 2015 reorganization. Mr. O’Kelley worked with Mr. Karayannopoulos at Molycorp as Technology Fellow and Vice President of Technology. He is currently an associate professor at the Colorado School of Mines working with REE related projects. Energy Fuels looks forward to working with these two industry veterans in developing our REE business in the U.S. and in advancing our relationships in this sector. Between Mr. Karayannopoulos, Mr. O’Kelley, and ANSTO of Sydney, Australia, we believe Energy Fuels is truly assembling a top flight team capable of building a successful U.S. REE business.”
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 producer of uranium in the United States, today announced its entry into consulting agreements with Constantine Karayannopoulos and Brock O’Kelley, two rare earth element (“REE”) industry experts who each have decades of experience producing commercially viable rare earth products. According to the update, the collaborations will aid in the development and implementation of commercial and technical REE strategies for the new U.S. REE program Energy Fuels is pursuing. “Energy Fuels is extremely excited to bring Constantine Karayannopoulos and Brock O’Kelley on board to advance our entry into the rare earth space in the U.S.,” Mark S. Chalmers, President and CEO of Energy Fuels, said in the news release. “Over the past year or so, Energy Fuels has been actively evaluating this rare earth opportunity. We are quickly coming to the conclusion that the White Mesa Mill may be an ideal U.S. facility to process rare earth element ore streams and produce rare earth concentrates. Mr. Karayannopoulos and Mr. O’Kelley will assist Energy Fuels in the commercial and technical aspects of this endeavor. Mr. Karayannopoulos established Neo Material Technologies into a unique REE materials company, which is currently one of the World’s leading producers of REEs and a broad range of light and heavy rare earth engineered products outside of China. Neo was acquired for Cdn$1.3 billion in 2012 by Molycorp, the operator of the rare earth mine and processing facility in Mountain Pass, California. Neo maintained its cash flow and profitability, despite Molycorp’s 2015 reorganization. Mr. O’Kelley worked with Mr. Karayannopoulos at Molycorp as Technology Fellow and Vice President of Technology. He is currently an associate professor at the Colorado School of Mines working with REE related projects. Energy Fuels looks forward to working with these two industry veterans in developing our REE business in the U.S. and in advancing our relationships in this sector. Between Mr. Karayannopoulos, Mr. O’Kelley, and ANSTO of Sydney, Australia, we believe Energy Fuels is truly assembling a top flight team capable of building a successful U.S. REE business.”
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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