Energy Fuels' Mark Chalmers on Uranium Supply Contracts with the US Govt and Rare Earth Operations
Channel: InvestorCoffee
Date: 2023-03-14

In this InvestorIntel interview during PDAC 2023, Byron W King talks to Energy Fuels Inc.’s (NYSE American: UUUU | TSX: EFR) President and CEO Mark Chalmers and receives an update on Energy Fuels’ rare earths, uranium, and vanadium operations. At their White Mesa Mill in Utah, Energy Fuels currently processes monazite into a rare earths carbonate that is currently shipped to a third party for further processing but Energy Fuels is building its own separation plant to move that step in-house.

Mark goes on to discuss Energy Fuels’ recently acquired rare earth and heavy mineral project in Brazil to supply the raw materials needed by their White Mesa Mill in Utah for processing into high-purity rare earth carbonate and other materials. 

As a leading U.S. producer of uranium and vanadium, Mark provides an update on Energy Fuels’ long-term uranium supply contracts with U.S. nuclear utilities and the U.S. government to supply the strategic U.S. Uranium Reserve. With Russia exerting a disproportionate influence over global uranium and nuclear fuel supply chains, Mark discusses how Energy Fuels is helping to secure a domestic uranium supply chain in the United States.

With a current net cash position of over $100 million, an existing processing plant, and a portfolio of mineral projects that are important for decarbonization and electrification, Mark explains how Energy Fuels is advancing “quicker than anybody else that [he thinks] of, in the entire world and outside of China.”

Special Note: Mark Chalmers is scheduled to be a keynote speaker at the upcoming Critical Minerals Institute Summit II, Driving to the Future, Critical Minerals for the EV Market, a 2-Day Event on June 14-15th at The National Club in Toronto.

Disclaimer: Energy Fuels Inc. is an advertorial member of InvestorIntel Corp.

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