Politics
Energy Fuels' Donald Rare Earth and Mineral Sand Joint Venture in Australia Receives Final Major Regulatory Approvals
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare earth elements ("REEs"), and other critical minerals, is pleased to announce that the Government of Victoria, Australia has approved the Work Plan for the construction and operation of the Donald Rare Earth and Mineral Sand Project (the "Donald Project") located in the Wimmera region of Victoria.
About this update from Energy Fuels Inc.
[{"type":"text","content":"The Donald Project, a JV between Energy Fuels and Astron Corporation, is considered one of the World's best near-term sources of rare earth minerals, which Energy Fuels intends to process into "light", "mid" and "heavy" rare earth oxides at its White Mesa Mill in Utah.","length":303,"tagName":"p"},{"type":"text","content":"DENVER, June 25, 2025 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare earth elements ("REEs"), and other critical minerals, is pleased to announce that the Government of Victoria, Australia has approved the Work Plan for the construction and operation of the Donald Rare Earth and Mineral Sand Project (the "Donald Project") located in the Wimmera region of Victoria.","length":501,"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/prnewswire.com/e047649a023127ae6fc9fd92aef2ecae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/q6tDvGO6TwApxyCPJ94qmw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e047649a023127ae6fc9fd92aef2ecae","width":400,"height":91}},"href":"https://mma.prnewswire.com/media/2719414/Energy_Fuels_Inc__Energy_Fuels__Donald_Rare_Earth_and_Mineral_Sa.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This is the final major regulatory approval required to construct and operate the Donald Project. It enables the finalization of critical activities, including arrangements for debt and equity financing, before a final investment decision ("FID") can be made. ","length":270,"tagName":"p"},{"type":"text","content":"The Donald Project is a joint venture ("JV") between US-based Energy Fuels and Australia-based Astron Corporation Limited ("Astron"), under which Energy Fuels has the right to invest a total of AU$183 million (US$119 million at current exchange rates), plus issuance of US$17.5 ...