---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-008799"
form_type: "8-K"
ticker: "UUUU"
cik: "0001385849"
company_name: "ENERGY FUELS INC"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:21:11.088774+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001062993-24-008799
- form_type: 8-K
- ticker: UUUU
- cik: 0001385849
- company_name: ENERGY FUELS INC
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385849/000106299324008799/0001062993-24-008799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385849/000106299324008799/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-008799
- JSON: https://secwatch.observer/filing/0001062993-24-008799.json
- Plain text: https://secwatch.observer/filing/0001062993-24-008799.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.