NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 02/05/2021 5:18:39 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Makes Significant Step in Commitment to Reestablish US REE Supply Chain
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a diversified uranium miner, recently finalized a three-year agreement with the Chemours Company (NYSE: CC) to obtain natural monazite ore, one of the world’s highest-grade rare earth element (“REE”) minerals. Under the agreement, Energy Fuels will receive a minimum of 2,500 tons per year of the mineral, which represents a significant step in UUUU’s commitment to be a leader in re-establishing a fully integrated U.S. REE supply chain. “With our announcement . . . Southeast Utah is fast becoming America’s clean energy and critical minerals hub. Our goal is to domestically produce the raw materials needed for clean energy and advanced technologies, while creating green jobs in an economically challenged part of the country,” said Energy Fuels president and CEO Mark S. Chalmers in a recent update. “Currently, the U.S. imports nearly all of our rare earth, uranium and vanadium requirements, despite having ample supplies here in the U.S. Importantly, in the United States we are highly regulated and operate to the highest standards, which means we produce these minerals more responsibly than many of the countries from which we currently import. Our agreement with Chemours may be the beginning of a real success story, not only for Energy Fuels, but also for local communities, Native Americans, conservation groups, the State of Utah, and the U.S. as a whole.”
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), a diversified uranium miner, recently finalized a three-year agreement with the Chemours Company (NYSE: CC) to obtain natural monazite ore, one of the world’s highest-grade rare earth element (“REE”) minerals. Under the agreement, Energy Fuels will receive a minimum of 2,500 tons per year of the mineral, which represents a significant step in UUUU’s commitment to be a leader in re-establishing a fully integrated U.S. REE supply chain. “With our announcement . . . Southeast Utah is fast becoming America’s clean energy and critical minerals hub. Our goal is to domestically produce the raw materials needed for clean energy and advanced technologies, while creating green jobs in an economically challenged part of the country,” said Energy Fuels president and CEO Mark S. Chalmers in a recent update. “Currently, the U.S. imports nearly all of our rare earth, uranium and vanadium requirements, despite having ample supplies here in the U.S. Importantly, in the United States we are highly regulated and operate to the highest standards, which means we produce these minerals more responsibly than many of the countries from which we currently import. Our agreement with Chemours may be the beginning of a real success story, not only for Energy Fuels, but also for local communities, Native Americans, conservation groups, the State of Utah, and the U.S. as a whole.”
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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