NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 02/11/2021 3:31:23 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Stands Ready to Bring Critical Mineral Production Back to the US
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the country’s largest producer of uranium, which also expects to become a producer of an intermediate rare earth element (“REE”) product in early 2021, is poised as the new Joe Biden White House agenda “rests on a foundation provided by the nation’s nearly 600,000 miners — miners and a mining industry ready to do their parts to help drive America’s post-pandemic recovery.” According to a recent NWITimes article, Biden’s website states: “We’ve seen the importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises.” A recent article discussing the company reads, “Energy Fuels is committed to playing a key role in that era. In 2018, the U.S. government identified 35 minerals as being critical to the country’s national security and economy, including rare earths, uranium and vanadium, which the company produces. “For 31 of these 35 minerals, the U.S. imports more than half of our requirements,” observed Energy Fuels president and CEO Mark S. Chalmers. “And, for 14 of these 35 minerals, the U.S. is effectively 100% dependent on imports. These minerals are needed for aerospace, computers, cell phones, electrical generation and transmission, renewable energy systems and batteries, and advanced electronics. This is an unacceptable situation for a superpower like the United States. Energy Fuels stands ready to do our part in bringing uranium, vanadium and rare earth element processing and production back to the United States. We have led uranium industry efforts in Washington DC over the past three years to bring the issue of mineral supply chain security to the forefront.”
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 country’s largest producer of uranium, which also expects to become a producer of an intermediate rare earth element (“REE”) product in early 2021, is poised as the new Joe Biden White House agenda “rests on a foundation provided by the nation’s nearly 600,000 miners — miners and a mining industry ready to do their parts to help drive America’s post-pandemic recovery.” According to a recent NWITimes article, Biden’s website states: “We’ve seen the importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises.” A recent article discussing the company reads, “Energy Fuels is committed to playing a key role in that era. In 2018, the U.S. government identified 35 minerals as being critical to the country’s national security and economy, including rare earths, uranium and vanadium, which the company produces. “For 31 of these 35 minerals, the U.S. imports more than half of our requirements,” observed Energy Fuels president and CEO Mark S. Chalmers. “And, for 14 of these 35 minerals, the U.S. is effectively 100% dependent on imports. These minerals are needed for aerospace, computers, cell phones, electrical generation and transmission, renewable energy systems and batteries, and advanced electronics. This is an unacceptable situation for a superpower like the United States. Energy Fuels stands ready to do our part in bringing uranium, vanadium and rare earth element processing and production back to the United States. We have led uranium industry efforts in Washington DC over the past three years to bring the issue of mineral supply chain security to the forefront.”
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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