Investor Presentaiton
Energy Fuels Has Many Unique Advantages
Short-Term, Low-Cost REE Production in U.S.
We currently have the licenses & infrastructure to handle the radionuclides in monazite
.
• We can recover the uranium (and possibly the thorium & radium) as significant value-adds – these are a problem for others
Monazite has more value relative to other REE feeds
• ~30% higher in NdPr + ~95% higher in heavy REES with higher recoveries of magnetic REES versus bastnaesite
Monazite is already mined in the U.S. & around the world as a low-cost HMS byproduct
Most mining costs carried by primary zircon & titanium production
Monazite is more straightforward to process than other REE minerals
Chemically easier to recover the REES from the phosphates in monazite vs the fluoro-carbonates in bastnaesite
Low cost & capital efficient
•
Using existing licenses, personnel & facilities saves considerable time & money
Energy Fuels has used solvent extraction (SX) processing technology for uranium &
vanadium recovery for 40+ year
•
• Relatively easy for us to pivot & apply existing SX know-how to REE recovery & separation
Focusing on proven REE separation technologies using SX
•
We are not attempting to license & deploy new separation technologies
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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