Energy Fuels Inc. Secures Final Approval for Donald Rare Earth Project in Australia
June 26th, 2025 1:05 PM
By: Newsworthy Staff
Energy Fuels Inc. has received the final regulatory approval from the Government of Victoria, Australia, for its Donald Rare Earth and Mineral Sand Project, enabling the company to proceed with construction and operation, which is crucial for U.S. production of key rare earth elements.
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has achieved a significant milestone with the Government of Victoria, Australia, granting final regulatory approval for the Work Plan of the Donald Rare Earth and Mineral Sand Project. This approval is the last major regulatory hurdle required before the company can commence construction and operation of the project. The joint venture with Astron Corporation permits Energy Fuels to invest up to US$136.5 million to earn a 49% stake in the project. The Donald Project is set to supply rare earth mineral concentrates to Energy Fuels' White Mesa Mill in Utah, bolstering the U.S. supply chain for critical rare earth elements such as neodymium-praseodymium, terbium, and dysprosium. These elements are vital for various high-tech and renewable energy applications, making this development strategically important for both Energy Fuels and the United States.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
