NOPMF - Energy Fuels Neo Performance to launch rare earth production initiative

Energy Fuels (UUUU) +3.6% pre-market after announcing a rare earth production initiative with Neo Performance Materials (NOPMF) spanning the European and North American critical material supply chains.Under the agreement, uranium miner Energy Fuels will process the monazite sands into a mixed rare earth carbonate in Utah for use as feed material for Neo's rare earth production plant in Europe.Energy Fuels also will continue to evaluate developing additional value-added U.S rare earth production capabilities in Utah in the future.Energy Fuels will produce its rare earth carbonate from natural monazite sands supplied by Chemours under a sales agreement announced in December.

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Energy Fuels, Neo Performance to launch rare earth production initiative