Energy Fuels Inc. Appoints Ross R. Bhappu as President to Strengthen Leadership in Uranium and Rare Earth Elements Sector

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a prominent U.S. producer of uranium, rare earth elements, and critical minerals, has announced the appointment of Ross R. Bhappu as President, effective August 4, 2025. This strategic move is part of the company's long-term succession plan, with Mark S. Chalmers continuing in his roles as Chief Executive Officer and Director. Bhappu's appointment is significant due to his over 35 years of experience in the mining and private equity sectors, including nearly 25 years with Resource Capital Funds, where he focused on project evaluation, development, finance, and acquisitions within the mining and minerals industry.

Chalmers highlighted that Bhappu's technical and financial expertise will be invaluable as Energy Fuels progresses with its uranium and rare earth projects. The company is a leader in the U.S. for natural uranium concentrate production, supplying nuclear utilities that further process it for carbon-free nuclear energy. Additionally, Energy Fuels operates the White Mesa Mill in Utah, the only fully licensed and operational conventional uranium processing facility in the U.S., which also produces advanced rare earth element products and vanadium oxide under favorable market conditions.

The company is also exploring the potential recovery of medical isotopes from existing uranium process streams for use in Targeted Alpha Therapy cancer treatments. Furthermore, Energy Fuels is developing heavy mineral sands projects in Madagascar, Brazil, and Australia, aiming to expand its footprint in the critical minerals sector. For more details on Energy Fuels' initiatives and leadership updates, visit https://ibn.fm/RlrUv.