Energy Fuels Inc. released results from an updated feasibility study for its 100%-owned Vara Mada heavy mineral sands project in Madagascar, confirming exceptional project economics, world-class rare earth, titanium, and zircon mineral reserves and resources, and an initially modeled 38-year mine life with potential for further expansion. The study outlines a post-tax net present value of approximately $1.8 billion at a 10% discount rate, or $7.30 per share, and projects ramp-up to more than $500 million in annual EBITDA from the project alone.
The feasibility study also highlights plans to process monazite produced at Vara Mada through the company's White Mesa Mill in Utah, positioning Energy Fuels to supply a significant portion of projected U.S. demand for both light and heavy rare earth oxides while supporting secure, U.S.-centered critical mineral supply chains. This integrated approach creates a strategic advantage by combining international mineral resources with domestic processing capabilities, addressing growing concerns about supply chain security for critical materials essential to clean energy technologies, defense systems, and advanced electronics.
For business and technology leaders, the Vara Mada project represents a substantial development in the critical minerals sector, particularly given the increasing global competition for rare earth elements and other strategic materials. The project's scale and economics suggest Energy Fuels could become a major player in supplying materials needed for electric vehicle motors, wind turbines, advanced electronics, and defense applications. The company's ability to process materials domestically at its White Mesa Mill provides additional strategic value amid ongoing efforts to reduce dependence on foreign supply chains for critical minerals.
The project's confirmation of world-class economics comes at a time when demand for rare earth elements and mineral sands is projected to grow significantly, driven by the global transition to clean energy and electrification. Energy Fuels' position as a leading U.S.-based critical materials company with existing uranium operations provides additional stability and diversification. The company's common shares trade on the NYSE American under the trading symbol "UUUU" and on the Toronto Stock Exchange under "EFR."
The latest news and updates relating to UUUU are available in the company's newsroom at http://ibn.fm/UUUU. The full press release for the Vara Mada feasibility study can be viewed at https://ibn.fm/0lpS1. For more information about the specialized communications platform covering this announcement, visit https://RocksAndStocks.news.
