Former Critical Minerals Leader from General Motors Joins Energy Fuels to Advance Rare Earth Business; Separated NdPr Now Being Packaged at Energy Fuels' White Mesa Mill

Core Viewpoint - Energy Fuels Inc. has appointed Debra Bennethum as Director of Critical Minerals & Strategic Supply Chain, leveraging her extensive experience in the EV and automotive supply chains to enhance the company's rare earth elements (REE) business [2][3][10] Company Developments - Energy Fuels has commenced commercial production of separated rare earth elements at its White Mesa Mill in Utah, with a capacity of approximately 850 to 1,000 metric tons of neodymium-praseodymium (NdPr) per year, positioning it as one of the largest REE separation circuits outside of China [4][5] - The company plans to produce 25 to 35 tonnes of 'on spec' separated NdPr in Q2-2024, alongside a "heavy" REE concentrate containing approximately 1,500 kilograms of dysprosium and 400 kilograms of terbium [5] - Energy Fuels is also involved in uranium production, with the White Mesa Mill being the only conventional uranium mill operating in the U.S., licensed to produce over 8 million pounds of U3O8 annually [6][7] Strategic Initiatives - The appointment of Ms. Bennethum is expected to advance Energy Fuels' integrated rare earth business and enhance marketing efforts, targeting various sectors including EV manufacturers, renewable energy companies, and U.S. defense suppliers [3][10] - The company is evaluating the recovery of radionuclides for emerging cancer treatments and has significant uranium production capabilities, with ongoing projects in Brazil and Australia [6][7]