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Stock impact report

Investor Outlook: Energy Fuels ramps up U.S. uranium, expands rare earths [BNN Bloomberg (Canada)]

Energy Fuels Inc Ordinary Shares (Canada) (UUUU) 
NASDAQ:AMEX Investor Relations: energyfuels.com/investors
Company Research Source: BNN Bloomberg
BNN Bloomberg spoke with Mark Chalmers, president and CEO of Energy Fuels, about production growth in the Four Corners region, long-term supply contracts with U.S. utilities and plans to significantly expand rare earth output at the company's White Mesa Mill. Key Takeaways The company produced just over one million pounds of uranium last year, with most output coming from conventional mines in the Four Corners region, and plans further production increases in 2026 and 2027. About 50 per cent of uranium production is under contract with six U.S. nuclear utilities, with deliveries scheduled to ramp up and peak around 2030 and 2031. An in-situ recovery mine in Wyoming remains on standby, providing optionality alongside three active mines and two additional conventional mines slated for rehabilitation. The company is processing monazite sands at its White Mesa Mill, where a phase one circuit can produce roughly 1,000 tonnes of NdPr annually. Rare earth processing capacity cou Show less Read more
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