{"id":10593,"date":"2024-10-04T01:49:57","date_gmt":"2024-10-04T01:49:57","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/04\/energy-fuels-uranium-sector-strong-now-ramping-up-rare-earths\/"},"modified":"2024-10-04T01:49:57","modified_gmt":"2024-10-04T01:49:57","slug":"energy-fuels-uranium-sector-strong-now-ramping-up-rare-earths","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/04\/energy-fuels-uranium-sector-strong-now-ramping-up-rare-earths\/","title":{"rendered":"Energy Fuels: Uranium Sector Strong, Now Ramping Up Rare Earths"},"content":{"rendered":"<p><strong>Following the closure of <strong>Energy Fuels\u2019 (TSX:EFR,NYSEAMERICAN:UUUU)<\/strong>acquisition of Base Resources, Curtis Moore discussed the buildout of the company\u2019s rare earths and heavy mineral sands businesses.<\/strong><\/p>\n<p>\u2018We 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,\u2019 he said. <\/p>\n<p>\u2018We have been and will be the number one uranium producer in the US \u2026 however, on top of this uranium capability that we have, we\u2019ve been able to bolt on a world-significant rare earth business and also a world-significant heavy mineral sand business,\u2019 added Moore, who is SVP of marketing and corporate development at Energy Fuels. <\/p>\n<p>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. <\/p>\n<p>Moore explained that Energy Fuels will be able to process the monazite at its White Mesa mill in Utah. <\/p>\n<p>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. <\/p>\n<p>\u2018When you\u2019re talking about those levels of rare earths, that\u2019s 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,\u2019 he said. <\/p>\n<p>Watch the interview above for more of Moore\u2019s thoughts on rare earths, heavy mineral sands and uranium. <\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following the closure of Energy Fuels\u2019 (TSX:EFR,NYSEAMERICAN:UUUU)acquisition of Base Resources, Curtis Moore discussed the buildout of the company\u2019s rare earths and heavy mineral sands businesses. \u2018We 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 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":10594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=10593"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/10594"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=10593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=10593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=10593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}