NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Strategic Partnership to Reestablish US REE Production
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, is positioned in what could be called a milestone moment in re-establishing a fully integrated rare earth element (“REE”) supply chain in the United States. The company recently announced a three-year supply agreement with the Chemours Company (NYSE: CC), under which it will receive a minimum of 2,500 tons of natural monazite ore per year, one of the highest-grade rare earth element (“REE”) minerals in the world. Energy Fuels will process this monazite at its 100%-owned White Mesa Mill in Southeast Utah to produce a marketable mixed REE carbonate. “We are extremely excited about working with Chemours to help reestablish U.S. rare earth production,” said Energy Fuels president and CEO Mark S. Chalmers in a recent update. “Chemours is a leader in the U.S. heavy mineral sands industry, and together we are now taking an important first step in returning the REE supply chain back to the United States. We look forward to working with Chemours in the future to expand our mutual contributions to this important initiative.”
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Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, is positioned in what could be called a milestone moment in re-establishing a fully integrated rare earth element (“REE”) supply chain in the United States. The company recently announced a three-year supply agreement with the Chemours Company (NYSE: CC), under which it will receive a minimum of 2,500 tons of natural monazite ore per year, one of the highest-grade rare earth element (“REE”) minerals in the world. Energy Fuels will process this monazite at its 100%-owned White Mesa Mill in Southeast Utah to produce a marketable mixed REE carbonate. “We are extremely excited about working with Chemours to help reestablish U.S. rare earth production,” said Energy Fuels president and CEO Mark S. Chalmers in a recent update. “Chemours is a leader in the U.S. heavy mineral sands industry, and together we are now taking an important first step in returning the REE supply chain back to the United States. We look forward to working with Chemours in the future to expand our mutual contributions to this important initiative.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
