WHY WILL ENERGY FUELS SUCCEED WITH REE'S?
WHERE OTHERS HAVE STRUGGLED?
1. Energy Fuels currently has the licenses & capabilities to handle the radionuclides in monazite
2.
We can recover and monetize the uranium & possibly the thorium as significant value-adds – these are a problem for others
Monazite has much more value relative to other REE minerals
-30% higher in NdPr; ~95% higher in "heavy" REES (versus bastnaesite) + higher recoveries of magnetic REES
3. Monazite is already mined in the U.S. & around the world as a low-cost byproduct
No current need to build new mines + most mining costs carried by primary zircon & titanium production
4. Monazite is more straightforward to process than other REE minerals
Chemically easier to recover the REES from the phosphates in monazite vs the fluorides in bastnaesite + higher recoveries of magnetics
5. Low cost & capital efficient
Using existing licenses & facilities saves considerable time & money
6. Energy Fuels has used solvent extraction (SX) processing technology for uranium & vanadium
recovery for 40+ years
Relatively easy for us to pivot & apply existing SX know-how to REE recovery & separation
7. Focusing on proven REE separation technologies using SX
We are not "reinventing the wheel” or attempting to license & deploy new technologies
8. Utah is a relatively low-cost & supportive jurisdiction in which to operate
Compared to other locations where REES are produced (California, Australia, etc)
The #1
challenge to
"unlocking" the
value of
monazite has
been the
radionuclides.
Energy Fuels
has solved this
challenge.
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ENERGY FUELSView entire presentation