Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently entered into a strategic alliance with RadTran LLC, a technology development company focused on closing critical gaps in the procurement of medical isotopes, to evaluate the recovery of thorium and possibly radium from the company’s existing rare earth carbonate and uranium process streams. “The company just began producing rare earths by unlocking the value of a mineral called monazite because this mineral contains the radioactive elements uranium and thorium. And UUUU’s most recent strategic partnership takes the company into an entirely new realm: the world of medicine,” reads a recent article. RadTran and UUUU “will work together to evaluate the potential to use thorium from existing rare earth and uranium process streams for the production of medical isotopes needed for emerging targeted alpha therapy (‘TAT’) cancer therapeutics.” With the limited supply of these isotopes constraining the research and development of new TAT drugs, Energy Fuels and the feeds at its White Mesa Mill “may offer a possible solution to this medical supply dilemma.”
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU, and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
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