{"id":401814,"date":"2020-12-17T08:33:24","date_gmt":"2020-12-17T13:33:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401814"},"modified":"2020-12-17T08:33:24","modified_gmt":"2020-12-17T13:33:24","slug":"energy-fuels-inc-nyse-american-uuuu-tsx-efr-working-to-re-ignite-ree-production-in-the-us","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-fuels-inc-nyse-american-uuuu-tsx-efr-working-to-re-ignite-ree-production-in-the-us\/","title":{"rendered":"Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Working to Re-Ignite REE production in the US"},"content":{"rendered":"
\n

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — via InvestorWire<\/u><\/a> \u2014 Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) <\/strong>today announces its placement in an editorial published by NetworkNewsWire<\/u><\/a> (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork<\/u><\/a> (\u201cIBN\u201d), a multifaceted financial news and publishing company for private and public entities.<\/p>\n

To view the full publication, \u201cIt\u2019s Elemental \u2014 Restoring the U.S. Rare Earth Element Supply Chain,\u201d please visit: https:\/\/nnw.fm\/7GSZE<\/u><\/a><\/p>\n

The United States was once a thriving producer of rare earth elements (REEs), a group of 17 elements deemed critical to clean energy and modern technologies. REEs are used in a bevy of applications including cell phones, computers, electric vehicles, defense equipment, renewable energy systems and more. China has dominated global rare earth markets, driving out competitors and controlling nearly all of the world\u2019s processing capacity. China has wielded this monopoly of the REE supply chain to influence foreign policies, a weaponization that threatens the economic and national security of the U.S. and other countries around the world. <\/p>\n

Against this backdrop, the U.S. government is committed to ending its dependence upon China for REEs, and Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR<\/u><\/a>)<\/u><\/strong>\u00a0is among the leaders with projects that intend to re-ignite REE production in the U.S., which in Energy Fuels\u2019 case, is expected as soon as early 2021. In December 2020, the company advanced its entry into the REE market by inking a three-year supply agreement with the Chemours Company (NYSE: CC) to acquire a minimum of 2,500 tons per year of natural monazite sand ore, one of the highest-grade and highest-value rare earth minerals in the world.<\/p>\n

\n About Energy Fuels Inc.<\/strong>\n <\/p>\n

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and anticipates commencing commercial production of rare earth element (\u201cREE\u201d) carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America\u2019s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (\u201cISR\u201d) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant and is completing final test-work for the production of REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium\/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels\u2019 common shares is the NYSE American under the trading symbol \u201cUUUU,\u201d and the company\u2019s common shares are also listed on the Toronto Stock Exchange under the trading symbol \u201cEFR.\u201d For more information, visit the company\u2019s website at\u00a0www.EnergyFuels.com<\/u><\/a>.<\/p>\n

\n NOTE TO INVESTORS:<\/strong>\u00a0The latest news and updates relating to UUUU are available in the company\u2019s newsroom at\u00a0http:\/\/nnw.fm\/UUUU<\/u><\/a><\/p>\n

\n About NetworkNewsWire<\/strong>\n <\/p>\n

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2)\u00a0NetworkNewsBreaks<\/u><\/a>\u00a0that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today\u2019s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. <\/p>\n

NNW is where news, content and information converge.<\/p>\n

To receive SMS text alerts from NetworkNewsWire, text \u201cSTOCKS\u201d to 77948 (U.S. Mobile Phones Only)<\/p>\n

For more information please visit\u00a0https:\/\/www.NetworkNewsWire.com<\/u><\/a><\/p>\n

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:\u00a0http:\/\/NNW.fm\/Disclaimer<\/u><\/a><\/p>\n

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com<\/u><\/a>
212.418.1217 Office
Editor@NetworkNewsWire.com<\/u><\/a><\/p>\n

NetworkNewsWire is part of the\u00a0InvestorBrandNetwork<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — via InvestorWire \u2014 Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (\u201cIBN\u201d), a multifaceted financial news and publishing company for private and public entities. To view the full publication, \u201cIt\u2019s Elemental \u2014 Restoring the U.S. Rare Earth Element Supply Chain,\u201d please visit: https:\/\/nnw.fm\/7GSZE The United States was once a thriving producer of rare earth elements (REEs), a group of 17 elements deemed critical to clean energy and modern technologies. REEs are used in a bevy of applications including cell phones, computers, electric vehicles, defense equipment, renewable energy systems and more. China has dominated … <\/p>\n

Continue reading “Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Working to Re-Ignite REE production in the US”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401814","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEnergy Fuels Inc. 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