Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Poised for Growth as Demand for Rare Earth Elements Expected to Expand Over Next Decade

February 24, 2021 13:49:17
  • Industry experts expect rare earth elements (“REE”) space to continue to grow significantly through 2030
  • UUUU entered REE business last year to complement its core uranium production; plans commercial production of intermediate REE product in H1 2021
  • Company expects to become leading U.S. player in this field, supplying up to 50% of nation’s rare earth demand in next few years

The rare earth elements (“REE”) market continues to be of interest for investors and governments around the world amid the heightened uncertainty due to trade restrictions out of China and increased demand for REE magnets, according to an article published by “Investing News Network” (https://ibn.fm/HfbHa). The sector provides the critical metals required for clean energy technologies and electronics that penetrates many segments of both the consumer and business spaces. As the country’s largest uranium producer and the leading critical minerals producer, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has entered the REE space, committed to domestically supplying another critical mineral needed to making the new Biden Administration’s clean energy goals a reality.

After the initial hit to prices in the first half of 2020 as lockdowns and containment measures in China impacted the global supply chains, the REE space rebounded strongly in the second half of the year. And it appears that the sector’s growth will not…

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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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