Curated News
By: NewsRamp Editorial Staff
June 26, 2025
Energy Fuels Clears Final Hurdle for Donald Rare Earth Project in Australia
TLDR
- Energy Fuels secures a strategic advantage by earning up to a 49% stake in the Donald Project, enhancing its rare earth elements supply chain and U.S. production capabilities.
- The Donald Project approval involves a US$136.5 million investment by Energy Fuels for rare earth mineral concentrates processing at the White Mesa Mill in Utah.
- This project supports the U.S. in producing key rare earth elements, contributing to sustainable energy solutions and advancements in medical isotope recovery for cancer treatments.
- Energy Fuels' Donald Project in Australia marks a milestone in rare earth mining, promising to bolster the supply of essential minerals for technology and healthcare.
Impact - Why it Matters
The approval of the Donald Rare Earth and Mineral Sand Project marks a pivotal step in securing a U.S. supply chain for critical rare earth elements, essential for renewable energy technologies, electric vehicles, and defense systems. This development not only strengthens Energy Fuels' position in the global market but also reduces reliance on foreign sources for these vital materials, supporting national security and the transition to a greener economy.
Summary
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has achieved a significant milestone with the Government of Victoria, Australia's approval of the Work Plan for the Donald Rare Earth and Mineral Sand Project. This approval is the final regulatory hurdle needed to advance the project, which is a joint venture with Astron Corporation. Energy Fuels can earn up to a 49% stake through a US$136.5 million investment. The project aims to supply rare earth mineral concentrates for processing at Energy Fuels' White Mesa Mill in Utah, bolstering U.S. production of critical elements like neodymium-praseodymium, terbium, and dysprosium. These elements are vital for various high-tech and renewable energy applications. For more details, visit the full press release.
Energy Fuels is a leading U.S.-based critical minerals company, specializing in uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company operates the White Mesa Mill in Utah, the only fully licensed conventional uranium processing facility in the U.S., and is preparing for pilot-scale recovery of medical isotopes for cancer treatments. The Donald Project is part of Energy Fuels' expansion into heavy mineral sands, alongside projects in Kenya, Madagascar, and Brazil. Learn more about their initiatives at www.EnergyFuels.com.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Energy Fuels Clears Final Hurdle for Donald Rare Earth Project in Australia
