NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Energy Fuels (NYSE American: UUUU) (TSX: EFR) president and CEO Mark Chalmers was featured during a recent NetworkNewsAudio segment. During the interview, the president of the country’s largest producer of uranium and the leading conventional producer of vanadium discussed the company’s newly released sustainability report and its entry into rare earths production. Chalmers noted that the company is starting the new year preparing to enter a new business: the commercial production of rare earth elements (“REE”); the company’s portfolio also includes a pipeline of high-quality, large-scale exploration and development projects. “We are first and foremost a uranium producer, the largest producer of uranium in the United States,” said Chalmers during the interview. “We also announced in April we’re entering the rare earth sector. We just recently announced that we secured a supply agreement with The Chemours Company for the purchase of monazite ore, which contains both uranium and rare earths. In addition, we’ve got substantial traction with the U.S. government on supporting a national uranium reserve, which our company had a lot to do with in D.C. So it’s been a busy year, despite the COVID issues. . . . When you look at all the positive impacts we have as a company when it comes to reducing carbon emissions, whether it be the uranium production for providing nuclear power, the recycling we’ve done for the past couple of decades, the vanadium sector where we have the only primary vanadium plant in the U.S., or our entrance into rare earths, we cover all these critical minerals and materials that are focused on reducing carbon emissions in a more energy-efficient society.”
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