https://www.miningweekly.com
Energy|Mining
Energy|Mining
energy|mining

Energy Fuels eyes 5Mlb/y uranium run rate in coming years

4th June 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Uranium and rare earths producer Energy Fuels is continuing to ramp up its uranium production in the US, with a targeted output of up to 500 000 lb of uranium oxide (U3O8) this year.

The company operates the White Mesa mill, in Utah, where it has also demonstrated its ability to process monazite, providing mixed rare earth element (REE) carbonate to the market. 

It has recently completed a $16-million REE separation circuit that will allow for commercial-scale REE separation in the US.

However, Energy Fuels stresses that its REE initiatives will not diminish its US uranium production capabilities and that it plans to ramp up production significantly in the coming years.

Once the REE separation circuit commission is complete at month-end, Energy Fuels will begin to process stockpiled uranium ore at three operating US mines for the remainder of the year. The run rate will ramp up to about 1.1-million to 1.4-million pounds a year of U3O8 from those three mines.

Energy Fuels expects to increase its uranium production to a mining run rate of about two-million pounds a year by bringing two additional mines into operation as early as 2025.

Its longer-term target is a run rate of five-million pounds a year of U3O8 if uranium market conditions continue to remain strong.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.218 0.255s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: