secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENERGY FUELS INC (UUUU)
CIK:        0001385849
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001062993-24-008799
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385849/000106299324008799/0001062993-24-008799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385849/000106299324008799/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-008799

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer