- UUUU aggressively seeking to expand rare earth bearing monazite sand feeds
- Bahia Project offers potential to provide Energy Fuels with controlled, low-cost source of monazite
- Company plans extensive exploration work over the next several months to further define, quantify HMS and monazite resource at the Bahia Project
As an emerging player in the commercial rare earth business, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has is strengthening its presence by entering into binding agreements to acquire 17 mineral concessions in Brazil (https://ibn.fm/o7vX5). The acquisitions, located in the state of Bahia and total approximately 58 square miles, have the potential to provide UUUU’s White Mesa Mill with large quantities of rare-earth-element and uranium-bearing natural monazite sand for decades.
“This is another very significant step in Energy Fuels’ development as a major global rare earth element producer based in the United States,” said Energy Fuels CEO and president Mark Chalmers. “We are aggressively seeking to expand our monazite sand feeds. With guidance from our…
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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