FAQ: Energy Fuels and Vulcan Elements MOU for U.S. Rare Earth Magnet Supply Chain

What is the main purpose of the MOU between Energy Fuels and Vulcan Elements?

The MOU aims to establish a resilient domestic supply chain for rare earth magnets independent of China, supporting critical commercial and defense applications.

Why is this partnership significant for the United States?

It creates a domestic supply chain for rare earth magnets, reducing reliance on foreign sources and supporting national security and critical industries.

What types of applications require rare earth magnets?

Rare earth magnets are critical for satellites, robotics, AI data centers, semiconductor fabrication, drones, defense systems, electric vehicles, consumer electronics, industrial motors, and power tools.

What is Energy Fuels’ primary business focus?

Energy Fuels is a U.S.-based critical minerals company focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes, and has been the leading U.S. producer of natural uranium concentrate.

What unique facility does Energy Fuels operate?

Energy Fuels owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States, and also produces advanced rare earth products there.

Where are Energy Fuels’ heavy mineral sands projects located?

Energy Fuels is developing three heavy mineral sands projects: the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia.

Where can investors find more information about Energy Fuels?

The latest news and updates relating to Energy Fuels (UUUU) are available in the company’s newsroom at http://ibn.fm/UUUU.

What stock exchanges trade Energy Fuels’ common shares?

Energy Fuels’ common shares trade on the NYSE American under the symbol ‘UUUU’ and on the Toronto Stock Exchange under the symbol ‘EFR’.