Diversifying into the REE Industry
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Rare Earth Element Production Complements
Energy Fuels' Uranium Production
Energy Fuels is leveraging its existing uranium capabilities to fill
the gap in U.S. rare earth element (REE) production
Most REE-bearing minerals are naturally radioactive, due to the presence of uranium, thorium & other elements
Monazite is a particularly valuable REE-bearing mineral because it contains higher relative concentrations of the
"magnet" REES (NdPr, Tb, Dy)
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However, monazite also contains higher concentrations uranium, thorium and other radionuclides
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Energy Fuels' White Mesa Mill is the only existing facility in North America with the licenses and capabilities to
process monazite & produce advanced REE products
We also recover the uranium, are evaluating the potential to recover the thorium, and dispose of the other impurities
Energy Fuels is diversifying into the REE industry
without diminishing our industry-leading uranium production capabilities
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