Energy Fuels discloses $348M Phase 2 REE mill study targeting 3,000 tpa NdPr oxide

ENERGY FUELS INC

Phase 2 facility at White Mesa Mill: 30,000 mtpa ore, ~3,000 mtpa NdPr oxide output.
Capex estimated at $348.4M (Q2 2023 USD, accuracy -30%/+40%), opex at $93.5M/yr ($13.55/lb NdPr).
Study is AACE Class 4 pre-feasibility, not compliant with NI 43-101 or S-K 1300; permits may be required.
Phase 2 builds on Phase 1 small-scale REE capability; existing mill infrastructure reused.
Major cost drivers: reagents ($68M/yr), labor ($5M/yr), natural gas ($5M/yr).

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