NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 10/05/2020 3:29:10 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Secures DOE Grant for Production of Rare Earth Elements
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading producer of uranium in the United States, along with a team from Penn State University recently announced the award of a contract from the U.S. Department of Energy (“DOE”) Office of Fossil Energy (“FE”) and the National Energy Technology Laboratory (“NETL”). The government grant for an initial amount of $150,000 was awarded for the development of a design for the production of rare earth elements (“REEs”) from coal-based resources (https://nnw.fm/xHyfF). If Energy Fuels is successful at the conceptual design phase, the DOE could award the company an additional $1.3 million to complete a feasibility study. An article discussing this quotes Energy Fuels president and CEO Mark S. Chalmers, who stated, “We are excited to have the opportunity to work with the DOE Office of Fossil Energy, the National Energy Technology Laboratory, and Penn State on this important rare earth initiative. Energy Fuels has been carrying out substantial work over the past year to explore the potential for implementing a commercial rare earth recovery and processing program at our White Mesa Mill. This initiative to produce REEs from coal-based resources is complementary to our ongoing efforts and will potentially broaden the sources of REE feedstock available to us in the future. We also hope this project opens the door for us to work with the DOE and other agencies on future rare earth initiatives.”
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, along with a team from Penn State University recently announced the award of a contract from the U.S. Department of Energy (“DOE”) Office of Fossil Energy (“FE”) and the National Energy Technology Laboratory (“NETL”). The government grant for an initial amount of $150,000 was awarded for the development of a design for the production of rare earth elements (“REEs”) from coal-based resources (https://nnw.fm/xHyfF). If Energy Fuels is successful at the conceptual design phase, the DOE could award the company an additional $1.3 million to complete a feasibility study. An article discussing this quotes Energy Fuels president and CEO Mark S. Chalmers, who stated, “We are excited to have the opportunity to work with the DOE Office of Fossil Energy, the National Energy Technology Laboratory, and Penn State on this important rare earth initiative. Energy Fuels has been carrying out substantial work over the past year to explore the potential for implementing a commercial rare earth recovery and processing program at our White Mesa Mill. This initiative to produce REEs from coal-based resources is complementary to our ongoing efforts and will potentially broaden the sources of REE feedstock available to us in the future. We also hope this project opens the door for us to work with the DOE and other agencies on future rare earth initiatives.”
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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