Energy Fuels' Strategic Advantages for REE Production
Race to
A New Age
of Clean
Energy
April 2020
Energy Fuels
announces entry
into REE sector
|
1
Nov. 2021
Began pilot-
scale REE
separation;
producing
99.8% purity
NdPr oxide
Feb. 2023
Closed acquisition of
Bahia Project; 58.3
square mile heavy
mineral sand (HMS)
project in Brazil that
contains significant
quantities monazite
(REE), titanium
(ilmenite/rutile) &
zirconium (zircon)
2026/271
Phase 2: Scale-Up
NdPr Production
Capacity to produce
larger-scale light REE
products (up to 3,000+
MT NdPr oxide per year)
Current REE Prices²:
NdPr oxide = $69.79/kg
Dy oxide = $367.50/kg
Tb oxide = $1,127.00/kg
Began processing
monazite to mixed
REE carbonate -
the most advanced
REE material
being produced in
the U.S. today
July 2021
High-Purity Mixed
REE Carbonate
Production
Began commercial-
scale REE
separation &
production of mixed
REE carbonate,
containing 32% -
34% NdPr
March 2022
Phase 1:
Commence NdPr
Production
Capacity to produce
800 1,000 MT of
NdPr oxide per year at
the White Mesa Mill,
enough for 400,000 -
1M EV's per year
Q1-20241
Phase 3: Add
"Heavy" REE
Separation
Produce "heavy"
separated REE
products, including
Dy and Tb
2027/281
1
Expected production, subject to successful construction, commissioning, and
receipt of sufficient monazite and REE feed
2
Asian Metal, October 31, 2023; 1 RMB = US$0.1367
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