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Stock impact report

Energy Fuels (UUUU) Appoints Director to Grow REE Business [Yahoo! Finance]

Energy Fuels Inc Ordinary Shares (Canada) (UUUU) 
NASDAQ:AMEX Investor Relations: energyfuels.com/investors
Company Research Source: Yahoo! Finance
Supply Chain , who is expected to focus on growing its rare earth elements (REE) business. The company announced last week that it achieved commercial production of “on spec” separated rare earth elements at its wholly-owned White Mesa Mill in Utah. Energy Fuels' new "Phase 1" REE separation circuit can generate around 850-1,000 metric tons of separated neodymium-praseodymium ("NdPr") per year, making it one of the world's largest commercial REE separation circuits, with the exception of China. The integration of REE separation technologies has had no effect on the mill's uranium production capacity, with a uranium processing campaign scheduled for the third quarter of 2024. In the second quarter of 2024, UUUU expects to produce 25-35 tons of on-spec, separated NdPr. Following the NdPr production, Energy Fuels will concentrate on uranium production, with a projected output of 150,000-500,000 pounds of triuranium octoxide in 2024 and higher in 2025. Bennethum's background is ex Show less Read more
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