Energy Fuels building up its monazite supply chain for REE production

Uranium and rare earth element (REE) producer Energy Fuels is making good progress towards securing its own large-scale, low-cost sources of monazite to process at its White Mesa mill, in the US, into rare earth oxides, reports president and CEO Mark Chalmers. In the last year, the company has not only acquired the Bahia heavy mineral sands (HMS) project in Brazil – which is being advanced to production – but it is also moving to acquire a 49% interest in the Donald mineral sands project, in Australia, and recently announced the acquisition of the Toliara project, in Madagascar.