Energy Fuels Inc. (TSE:EFR) has released an update.
Energy Fuels Inc. has announced a strategic acquisition of Base Resources, positioning the company as a global leader in critical minerals, including uranium and rare earth elements. The deal includes the Toliara Project in Madagascar, promising a significant monazite stream that will bolster U.S.-centered rare earth oxide production at Energy Fuels’ White Mesa Mill. This move not only enhances Energy Fuels’ uranium production capabilities but also complements U.S. domestic sourcing of minerals essential for defense and technology.
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