Energy Fuels' Strategic Advantages for REE Production
Global Producers
Market Position - Rare Earths
Global Space as of December 28, 2023
COMPANY
MARKET CAP PRIMARY ORE CONCENTRATE
ORE PRODUCTION
(US$MM)
MINERAL
"BASKET VALUE” (US$)³
CURRENT
PLANNED
Lynas
MP Materials
Iluka Resources
ef ENE
FENERGY FUELS
Neo Performance Materials²
$4,529
Monazite
(Australia)
$11,179
Bastnaesite
$3,640 (US-California)
$5,275
Monazite
$1,9597 (Australia)
$12,458
$1,165
Monazite
(US-Georgia;
Bahia, Brazil)
$13,811
×
1
$2448
n/a
n/a
HIGH-PURITY MIXED
REE CONCENTRATE
PRODUCTION
CURRENT
PLANNED
REE SEPARATION5
CURRENT
PLANNED
2
✓
2
U.S. Developers
IN SITU ORE VALUE
PRE-BENEFICIATION (US$)6
Rare Element Resources
$41
Bastnaesite
(US-Wyoming)
$614
Ucore Rare Metals
$41
Bastnaesite
(US-Alaska)
$244
Texas Mineral Resources
$25
Bastnaesite
(US-Texas)
$31
1 Not currently a miner, but recently purchased Bahia Project in Brazil & announced non-binding MOU to JV with Astron
Corporation on Donald Project in Australia; currently purchasing monazite from HMS operators and processing in Utah
2 Neo purchases mixed REE concentrates for separation and downstream (including from Energy Fuels)
3 Ore concentrate value, after beneficiation
5
Х
×
х
☑
✓
Х
Х
✓
Lynas produces -6,200 tonnes of NdPr oxide per year; MP produced 50 tonnes in 2023; Energy Fuels expects to
produce 60-80 tonnes of NdPr oxide in 2024; Neo produces unknown quantities of NdPr and Dy oxides.
6 In-situ ore values, before beneficiation
7 Au$ = US$0.683
8 Cdn$
US$0.756
19View entire presentation