UUUU - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Signs Agreement with NSP to Develop Revolutionary Rare Earth Metal Technology
- New tech has potential to reduce costs of production, energy consumption and greenhouse gas emissions
- MOU key step in building a new, environmentally friendly REE supply chain in the United States
- Two companies to create a new entity that will hold exclusive license to the technology as it specifically relates to REE metal making
Energy Fuels (NYSE American: UUUU) (TSX: EFR) is partnering with Nanoscale Powders LLC (“NSP”) with plans to develop a novel technology for the production of rare earth elements (“REE”) metals (https://ibn.fm/FO5x2). In the announcement, Energy Fuels noted that the Nanoscale's patented rare earth metal-making technology has potential to revolutionize the rare earth metal space.
“We believe this technology, which was initially developed by NSP, and will be advanced by the company and NSP working together, has the potential to revolutionize the rare earth metal making industry by reducing costs of production, reducing energy consumption, and significantly reducing greenhouse gas emissions,” the company stated when announcing the...
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