NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 04/21/2021 4:50:57 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Strengthens REE Position with Signing of MOU
Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced that it has taken the next step in the development of a fully integrated U.S. rare earth element (“REE”) supply chain by signing a memorandum of understanding (“MOU”) with Hyperion Metals Limited. The MOU calls for Energy Fuels to receive natural monazite sands from Hyperion’s Titan Project in Tennessee, which UUUU anticipates using to produce mixed rare earth element products at its White Mesa Mill in Utah. In addition, the announcement noted that the two companies have agreed to assess a potential partnership that would advance Energy Fuels’ initiative to create a fully integrated, “mine to market” U.S. REE supply chain for the electric vehicle and renewable energy industries. “Energy Fuels, along with Chemours and Neo, are creating a new U.S.-Europe rare earth supply chain,” said Energy Fuels president and CEO Mark Chalmers in the press release. “For this initiative to achieve its full potential, we are actively seeking new, ethically produced sources of monazite, with sources from the U.S. being our first priority. Therefore, we are excited to work with Hyperion to secure additional sources of monazite for processing at the White Mesa Mill. Through their association with Piedmont Lithium’s project in North Carolina, members of the Hyperion team have demonstrated to us that they have the know-how and resources to bring U.S. critical mineral projects into production. We look forward to working with the Hyperion team and potentially seeing our relationship grow through their participation in a fully integrated, low cost U.S. rare earth supply chain in the future.”
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) announced that it has taken the next step in the development of a fully integrated U.S. rare earth element (“REE”) supply chain by signing a memorandum of understanding (“MOU”) with Hyperion Metals Limited. The MOU calls for Energy Fuels to receive natural monazite sands from Hyperion’s Titan Project in Tennessee, which UUUU anticipates using to produce mixed rare earth element products at its White Mesa Mill in Utah. In addition, the announcement noted that the two companies have agreed to assess a potential partnership that would advance Energy Fuels’ initiative to create a fully integrated, “mine to market” U.S. REE supply chain for the electric vehicle and renewable energy industries. “Energy Fuels, along with Chemours and Neo, are creating a new U.S.-Europe rare earth supply chain,” said Energy Fuels president and CEO Mark Chalmers in the press release. “For this initiative to achieve its full potential, we are actively seeking new, ethically produced sources of monazite, with sources from the U.S. being our first priority. Therefore, we are excited to work with Hyperion to secure additional sources of monazite for processing at the White Mesa Mill. Through their association with Piedmont Lithium’s project in North Carolina, members of the Hyperion team have demonstrated to us that they have the know-how and resources to bring U.S. critical mineral projects into production. We look forward to working with the Hyperion team and potentially seeing our relationship grow through their participation in a fully integrated, low cost U.S. rare earth supply chain in the future.”
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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