Energy fuels enters into mou to secure near-term, large-scale australian source of rare earth minerals to supply new u.s.-based supply chain for decades

Energy fuels and astron corporation execute non-binding mou to jointly develop the donald mineral sands project, a large heavy mineral sand deposit that has the potential to supply energy fuels with approximately 7,000 tonnes of rare earth-bearing monazite sand per year starting in 2026, ramping up to 14,000 tonnes per year soon thereafter. lakewood, colo , dec. 27, 2023 /prnewswire/ - energy fuels inc. (nyse american: uuuu) (tsx: efr) ("energy fuels" or the "company"), a leading u.s. producer of uranium, rare earth elements ("ree"), and vanadium, is pleased to announce that it has entered into a non-binding memorandum of understanding ("mou") with astron corporation limited ("astron") to jointly develop the donald rare earth and mineral sands project, located in the wimmera region of the state of victoria, australia (the "donald project").
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