Business
Energy Fuels Announces Updated Feasibility Study for Toliara Rare Earth and HMS Project in Madagascar Confirming World-Class Scale and Economics, Including $1.8 Billion NPV and Ramping Up to Over $500 Million of Expected Annual EBITDA
Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (Energy Fuels or the Company), a leading U.S. producer of uranium, rare earth elements (REEs), and critical materials, today released the results of its updated Feasibility Study (FS) for its 100%-owned Vara Mada project in Madagascar (formerly known as the Toliara Project). The FS confirms the project's exceptional economics, its world class quantities of high-quality rare earth, titanium, and zircon Mineral Reserves and Resources, and an initially mode
About this update from Energy Fuels Inc.
[{"type":"text","content":"Company also announces renaming of Toliara Project to Vara Mada to better reflect the project's positive benefits to Madagascar and its global importance as a major new source of titanium, zircon, and rare earth minerals.","length":230,"tagName":"p"},{"type":"text","content":"DENVER, Jan. 8, 2026 /CNW/ - Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (Energy Fuels or the Company), a leading U.S. producer of uranium, rare earth elements (REEs), and critical materials, today released the results of its updated Feasibility Study (FS) for its 100%-owned Vara Mada project in Madagascar (formerly known as the Toliara Project). The FS confirms the project's exceptional economics, its world class quantities of high-quality rare earth, titanium, and zircon Mineral Reserves and Resources, and an initially modeled 38-year mine life which the Company expects to be significantly expanded with planned refinements to the mine plan and additional drilling. The FS for Vara Mada can be found [here].","length":718,"tagName":"p"},{"type":"image","alt":"Energy Fuels Inc., a US-based uranium and rare earth elements producer. (CNW Group/Energy Fuels Inc.)","displaySize":"","headline":null,"caption":"Energy Fuels Inc., a US-based uranium and rare earth elements producer. (CNW Group/Energy Fuels Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":91,"url":"https://media.zenfs.com/en/cnwgroup.com/6a82c8c3a6582c4451376193a4ad0b98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/JQsPmmqrFaZhgEC0np44kQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/6a82c8c3a6582c4451376193a4ad0b98","width":400,"height":91}},"href":"https://mma.prnewswire.com/media/2857272/Energy_Fuels_Inc__Energy_Fuels_Announces_Updated_Feasibility_Stu.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Highlights include:","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$1.8 billion NPV (10% discount rate, post-tax, pre-debt (real), post final investment decision (FID)).","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"$7.30 per share NPV (10% discount rate, post-tax, pre-debt (real), post FID), based on current outstanding shares.","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Monazite f...