US-based critical minerals company Energy Fuels is preparing four of its convention uranium mines for production, CEO Mark Chalmers reported on Friday.
Together, these mines have the ability to produce between 1 million and 1.3-million pounds a year of uranium, excluding potential vanadium credits of about 2-million pounds a year.
“We expect to begin production at one or more of these mines by early 2024, with the mined material being stockpiled at the White Mesa mill [in Utah] until a sufficient quantity is accumulated to justify a mill campaign, which is expected to occur in late-2024 or early-2025, subject to contract requirements and successful operations,” he said.
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