source:Streetwise ReportsIn a news release, Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American) announced that it plans to process rare earth elements (REEs) ore at its White Mesa Mill, not mine or produce REEs, while continuing its primary business of uranium mining and production.The company decided to enter the REE space after spending several months reviewing, testing and discussing the prospect with various technical experts and the U.S. government, the latter of which desires a domestic source of the REEs needed for national defense.Energy Fuels believes it can turn its White Mesa Mill, a co...
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2020
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DOE to provide $18M for research on rare earth elements or effective substitutessource:Green Car CongressThe US Department of Energy (DOE) will provide up to $18 million for basic research aimed at helping to ensure the continued availability of rare earth elements—or effective substitutes—critical to the functioning of the modern US economy. (LAB 20-2304)Rare earth elements such as neodymium, praseodymium, lanthanum, and many others are vital to a host of contemporary technological and industrial applications, ranging from magnets in motors and wind turbines, to components of smartphones and ...
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2020
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source:Creamer Media's Mining WeeklyASX-listed Hastings Technology Metals has been granted a commonwealth environmental permit for its Yangibana rare earths project, in Western Australia.“We have now received all material approvals required for the development of the Yangibana rare earths project. This environmental permit complements the state approval received in August 2019,” said Hastings executive chairperson Charles Lew.“Both approvals demonstrate confidence by state and commonwealth governments that the project can be implemented in an environmentally sound manner.”The one-million-t...
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2020
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source:Seeking Alpha-Energy Fuels (NYSEMKT:UUUU) +4.6% after-hours following news it will enter the rare earth elements space, saying the decision follows several months of review and testing, including discussions with technical experts and the U.S. government.The company says its fully licensed and constructed White Mesa Mill - the only uranium and vanadium mill in operation in the U.S. - can play a key role in bringing the REE supply chain back to the U.S. from China.Energy Fuels says uranium mining and production remains its primary business, but it says it can leverage its existing licens...
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2020
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