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Energy Fuels' Vara Mada Project Shows $1.8B Value, 38-Year Mine Life

Energy Fuels releases feasibility study for Vara Mada project in Madagascar, showing $1.8B NPV and 38-year mine life for rare earth, titanium, and zircon production.

This news matters because it highlights a significant step toward securing U.S. and Western supply chains for critical minerals, particularly rare earth elements (REEs), which are essential for modern technologies but have been dominated by China. Energy Fuels' Vara Mada project, with its large reserves and long mine life, could help reduce dependency on foreign sources, supporting national security and economic resilience. For investors, the strong project economics—including a high net present value and potential for substantial EBITDA—signal robust growth prospects. For the broader public, this development supports the transition to clean energy and advanced manufacturing, as REEs are crucial for electric vehicles, renewable energy systems, and electronics, potentially leading to more stable prices and supply for these key industries.