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NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer

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Posted On: 11/03/2020 2:54:35 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Achieves Major Milestone in US REE Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced that the company has produced a rare earth element (“REE”) carbonate concentrate (“REE Concentrate”) on a pilot scale at its 100% owned White Mesa Mill (the “Mill”), located near Blanding, Utah. According to the update, the REE Concentrate was produced using the Mill’s existing infrastructure and technologies from a sample of monazite sands from a North American source. A valuable natural uranium ore, monazite sands also contain high concentrations of REEs. The Mill recovered high concentrations of REEs in the monazite sands in addition to the contained uranium, which will be sold into the nuclear fuel industry. The REE Concentrate produced is of high purity and ready to be sent to a separation plant and downstream REE processing facility for final acceptance test work. “This past weekend, 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,” Mark S. Chalmers, Energy Fuels’ president and CEO, said in the news release. “Our company literally accomplished REE production in months, because we utilized existing resources, infrastructure and technologies.”

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