Energy Fuels Secures $725 Million U.S.-Backed Financing to Expand Rare Earth Processing
Energy Fuels has received a conditional commitment for up to $725 million in senior-secured debt from the U.S. Office of Strategic Capital, aimed at expanding its rare earth and critical minerals processing capacity. The funding will support infrastructure upgrades at its White Mesa Mill in Utah and fund new production facilities, reflecting broader efforts by Washington to reduce reliance on foreign sources for these strategic materials.
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Topics: critical materials supply chain government financing rare earth minerals