Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Investing

Energy Fuels: Uranium Sector Strong, Now Ramping Up Rare Earths

by October 4, 2024
October 4, 2024
Energy Fuels: Uranium Sector Strong, Now Ramping Up Rare Earths

Following the closure of Energy Fuels’ (TSX:EFR,NYSEAMERICAN:UUUU)acquisition of Base Resources, Curtis Moore discussed the buildout of the company’s rare earths and heavy mineral sands businesses.

‘We are creating a truly diversified critical minerals company. This diversification is based upon on our core uranium processing and our core uranium production capabilities, which remain the heart of our business,’ he said.

‘We have been and will be the number one uranium producer in the US … however, on top of this uranium capability that we have, we’ve been able to bolt on a world-significant rare earth business and also a world-significant heavy mineral sand business,’ added Moore, who is SVP of marketing and corporate development at Energy Fuels.

Base Resources holds the Madagascar-based Toliara project, which once up and running will be a source of heavy mineral sands, as well as monazite, which can be used to produce the magnet rare earths used in electric vehicles.

Moore explained that Energy Fuels will be able to process the monazite at its White Mesa mill in Utah.

Using feed from Toliara, as well as the Donald project in Australia and Bahia project in Brazil, the company eventually expects to be able to produce 5,000 to 6,000 metric tons of neodymium-praseodymium oxide annually, as well as about 300 to 400 metric tons of dysprosium and terbium oxides. Moore estimated that it will take two to three years to get to that level of output as the company expands White Mesa and gets Toliara, Donald and Bahia going.

‘When you’re talking about those levels of rare earths, that’s about the same size as a Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF) or an MP Materials (NYSE:MP), and we expect to be highly competitive on costs,’ he said.

Watch the interview above for more of Moore’s thoughts on rare earths, heavy mineral sands and uranium.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Hundreds of national security officials, ex-Cabinet members, Gold Star families endorse Trump
next post
Significant Progress with B7-H3 Targeting Radio-Antibody (BetaBart)

You may also like

Tartana Drilling to Verify Upgrading of 45,000 Tonne...

Result of AGM, Share Consolidation and TVR

Forte Minerals to Present at the Swiss Mining...

Trailbreaker Resources Completes Exploration Program at Castle Rock...

Major New LCT Pegmatite System Discovered at Mavis...

Prismo Metals’ Los Pavitos Gold Footprint Grows 2.5...

Forward Water Technologies Announces September 30, 2024 Financial...

Merger With Technology Metals Australia & Equity Raising

Pepper Continues To Grow – 25.24m @ 16.66g/t

First Results Returned from Link Zone Drilling Confirm...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Massachusetts suspect charged with attempting to assassinate a Cabinet nominee

    • Pakistan says it has struck military targets inside India in series of new attacks

    • Rodrigo Duterte is being held at The Hague. Next week he might be elected mayor of his hometown

    • Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

    • Triumph Gold Updates Shareholders on Operations, Engages Market Maker, and Grants Options

    Categories

    • Business (1,632)
    • Investing (4,787)
    • Politics (7,557)
    • Uncategorized (2)
    • World (6,139)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top