CC - Energy Fuels Hyperion team up for monazite to produce rare earth products

Energy Fuels (UUUU) +0.9% pre-market after signing a memorandum of understanding with Hyperion to evaluate the potential supply of monazite sands from the Titan Project in Tennessee to Energy Fuels' White Mesa Mill in Utah for the production of rare earth products.The two companies also will evaluate a potential joint venture or other arrangement to collaborate in the development of an integrated U.S. rare earth supply chain, in which monazite would be supplied from Chemours' (CC) U.S. projects, the Titan Project and potentially other U.S. and international mines.Energy Fuels says it is also evaluating the potential to develop downstream rare earth capabilities at the White Mesa Mill, thus fully integrating a U.S. rare earth supply chain in the coming years, and is seeking to increase its supply of monazite feed to 15K tons/year for the initiative.Energy Fuels' new REE business "is too small to change/put a dent into the bear

For further details see:

Energy Fuels, Hyperion team up for monazite to produce rare earth products