Energy Fuels Reports Record Uranium Production at Arizona Mine
TL;DR
Energy Fuels reported record uranium mining rates at Pinyon Plain mine, positioning itself as the leading U.S. uranium mine.
By extracting 4,604 tons of ore with an average grade of 1.64% eU3O8, Energy Fuels achieved record production at Pinyon Plain mine.
Energy Fuels' increased reserves and lower costs from promising drill results contribute to a sustainable energy future with carbon-free nuclear energy production.
Energy Fuels' record-breaking uranium mining rates and high-grade intercepts at Juniper Zone showcase advancements in sustainable energy technology.
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Energy Fuels has achieved record uranium production at its Pinyon Plain mine in Arizona, marking a significant milestone in domestic uranium extraction. In April, the company mined 4,604 tons of ore containing approximately 151,400 pounds of uranium at an impressive average grade of 1.64% eU₃O₈. The monthly production represents the highest output since mining operations began at the site. CEO Mark Chalmers highlighted the potential implications of these results, suggesting they could lead to increased reserves, lower operational costs, and position Pinyon Plain as the premier uranium mine in the United States.
Complementing the production achievements, Energy Fuels also released promising drill results from the Juniper Zone, which demonstrated uranium intercepts as high as 20.11% eU₃O₈. These findings indicate the potential for significant mineral resource expansion and enhanced economic viability of the mining operation. The company has established itself as a critical player in the U.S. uranium production landscape, operating the White Mesa Mill in Utah—the only fully licensed conventional uranium processing facility in the country.
Beyond uranium, the company is actively involved in rare earth element production, vanadium oxide processing, and exploring medical isotope recovery for emerging cancer treatments. Energy Fuels' diverse portfolio extends to international heavy mineral sands projects, including operations in Kenya and development projects in Madagascar, Brazil, and Australia. This strategic approach positions Energy Fuels as a versatile and forward-thinking minerals company committed to supporting carbon-free energy solutions and critical mineral supply chains.
Curated from InvestorBrandNetwork (IBN)
