Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, held an open house for business, community and industry leaders at its White Mesa Mill location in Blanding, Utah. During the event, the company showcased its uranium production and introduced its production and shipment of an intermediate rare earth element (“REE”) product. According to the announcement, an estimated 15 containers of RE carbonate produced at the mill is being shipped to Europe; upon arrival, that carbonate will be processed into separated rare earth oxides and other value-added RE compounds. These shipments of commercial quantities of rare earths from UUUU’s White Mesa Mill represent a milestone in the creation of a new supply chain that will reduce dependence on foreign suppliers and increase economic potential to the area. Energy Fuels also noted that it will continue its U.S. industry-leading uranium production capabilities; the company has been the largest producer of uranium in the country for the past several years. In addition, the company announced that it has established the San Juan County Clean Energy Foundation. The foundation and related funds will be contributed to the local communities surrounding the White Mesa Mill in southeastern Utah. To kick off the foundation, Energy Fuels donated $1 million; the company noted that it plans to provide annual funding equal to 1% of the mill’s future revenues. Foundation efforts will focus on education, the environment, health/wellness and economic advancement in Blanding, Utah, as well as the White Mesa Ute community, the Navajo Nation and other area communities. “The communities that surround our facility deserve to share in the benefits of the mill’s clean-energy future,” said Energy Fuels CEO Mark Chalmers in the press release. “We see San Juan County as becoming a critical minerals hub for the U.S., and we believe the foundation is truly the best way to make an impact and difference in the lives of those who work alongside us as we pursue these goals. . . . Investing back into the San Juan county and community will give us the opportunity to help support and catalyze sustainable economic and community development, beyond good jobs and more tax revenues.”
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium for certain projects as market conditions warrant, as well as rare earth carbonate. With corporate offices in Lakewood, Colorado, and all of its assets and employees in the United States, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming and the Alta Mesa ISR Project in Texas. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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