Energy Fuels
Energy Fuels is a leading producer of uranium, rare earth elements, and vanadium, operating the only conventional uranium mill in the U.S., and developing projects to enhance the domestic supply of these critical minerals.
Company Overview
Energy Fuels is a prominent player in the production of uranium, rare earth elements, and vanadium. The company's operations include the White Mesa Mill in Utah, which is the only conventional uranium mill in the United States. Energy Fuels is also active at the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The company is committed to developing a U.S.-centric rare earth element supply chain and has global interests extending to Australia and Brazil.
White Mesa Mill Operations
Energy Fuels operates the White Mesa Mill in Utah, the sole conventional uranium mill in the United States. This facility boasts a licensed capacity of over 8 million pounds of U3O8 per year. Beyond uranium production, the mill has the capability to produce vanadium when market conditions are favorable. The White Mesa Mill is an integral part of the company's strategic operations.
Nichols Ranch ISR Project
The Nichols Ranch ISR Project in Wyoming is another significant uranium-producing center for Energy Fuels. It holds a licensed capacity of 2 million pounds of U3O8 per year. This in-situ recovery operation underscores the company's robust uranium production capabilities, complementing the conventional milling operations at the White Mesa Mill.
Rare Earth Element Projects
Energy Fuels is actively developing a domestic rare earth element supply chain. Notable initiatives include a non-binding MOU with Astron Corporation Limited to develop the Donald Rare Earth and Mineral Sands Project in Australia and the acquisition of the Bahia Project in Brazil, which contains substantial quantities of titanium, zirconium, and rare earth elements. The company aims to produce commercial quantities of separated rare earth oxides by 2024.
Vanadium Production Capabilities
In addition to uranium and rare earth elements, Energy Fuels has the capability to produce vanadium at the White Mesa Mill when market conditions warrant it. This flexibility allows the company to adapt to fluctuating market demands and optimize its production portfolio. Vanadium is essential in steel manufacturing and energy storage applications, adding another dimension to the company's resource offerings.