Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

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

by admin 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
LVMH and Formula One announce 10-year partnership
next post
3 Best-performing Canadian Nickel Stocks of 2024

Related Posts

Freegold Intersects 3.62 g/t Au over 42 metres...

November 11, 2024

Variation to Noteholder Agreements

May 22, 2025

Are We in a Recession? Predictions, Signs and...

April 29, 2025

Green River Gold Corp. Announces an Expansion into...

January 25, 2025

Stardust Power Shares Boosted by Sumitomo Lithium Offtake...

February 6, 2025

Inca Declares Takeover Offer for Stunalara Unconditional

March 27, 2025

Group Eleven Announces Exercise of Warrants and Expanded...

October 29, 2024

Pinnacle Closes Non-Brokered Private Placement

May 30, 2024

RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

December 11, 2024

Sarama Announces Equity Placement of up to A$2M...

November 21, 2024

    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.

    Recent

    • Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

      June 5, 2025
    • Why ADX Can Mislead You — And How to Avoid It

      June 5, 2025
    • S&P 500 on the Verge of 6,000: What’s at Stake?

      June 5, 2025
    • Speaker Johnson surprised by Musk’s criticism of ‘big, beautiful bill’: He’s ‘flat wrong’

      June 5, 2025
    • There’s a way to aid Gaza. I know, my foundation just helped deliver 7 million meals… without incident

      June 5, 2025

    Categories

    • Business (967)
    • Investing (2,320)
    • Politics (2,873)
    • Stocks (1,054)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 sportinvestorsleague.com | All Rights Reserved