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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

Energy Fuels Inc. is a critical minerals company focused on uranium, rare earth elements (REEs), heavy mineral sands (HMS), vanadium and medical isotopes. The Company is a producer of natural uranium concentrate, which owns and operates several conventional and in situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the fully licensed and operating conventional uranium processing facility in the United States. The Company also owns the operating Kwale HMS project in Kenya. It is developing three additional HMS projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, in which the Company has the right to earn up to approximately 49% interest in a joint venture with Astron Corporation Limited. The Toliara Project is located in south-west Madagascar, 45 kilometers (kms) north of the regional town and port of Toliara.


TSX:EFR - Post by User

Comment by ckwongon Jun 16, 2021 7:38pm
265 Views
Post# 33399769

RE:Granholhm says Uranium Reserve is moving forward:

RE:Granholhm says Uranium Reserve is moving forward:Quote from US Nuclear Industry Council:

https://www.usnic.org/news/nomination-hearing-of-the-honorable-jennifer-granholm-to-be-the-secretary-of-energy-takeaways


Senator Lee (R-UT): “American Uranium producers in 2019 produced about 173,000 pounds of domestic uranium concentrate (U-308). This is the lowest domestic production annually since 1949. In order to boost domestic uranium production, the trump administration requested one hundred and fifty million dollars to establish a uranium reserve program. Seventy-five million dollars were allocated by Congress, but work hasn’t yet started. This could help, but it doesn’t address reforms to help the mining industry as a whole. Do you have any ideas on how you intend to implement the uranium reserve program at the Department of Energy?”

 

Hon. Granholm: “ I certainly would abide by the direction of Congress, but to broadens the scope of your question to include other critical minerals; these minerals can be mined in a responsible way, in a way that respects the environment, but also serves to shore up our ability to produce products like batteries for markets internationally. We dont want to be under the thumb of China or other countries who have an interest in cornering the market on critical minerals. We need to be independent, and so I am eager to work with folks on all sides of the aisle to make sure that the United States has its own critical supply.”

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