The Donald Project is an advanced-stage project with the potential to supply approximately 7,000 - 14,000 tonnes of monazite sand in a rare earth element concentrate per year to
Energy Fuels' White Mesa Mill, for processing into separated REE oxides, as early as 2026. Under the joint venture,
Energy Fuels has the right to invest AUD$183 million and issue $17.5 million in
Energy Fuels shares to earn up to a 49% interest in the project. Of these amounts,
Energy Fuels expects to issue $3.5 million in
Energy Fuels shares in 2024 and to invest approximately $10.6 million in 2024 from its existing working capital , prior to making a final investment decision to proceed with the development of the firs...