Energy Fuels signs MOU with Madagascar to develop Toliara project; suspension lifted

ENERGY FUELS INC

MOU sets 5% royalty on mining products and $80M in development funding, with $30M due 30 days after Project Certification.
Toliara project suspension lifted Nov 2024; company expects final investment decision within ~14 months.
Company commits $1M+ pre-FID community investment, then $4M annually indexed at 2% from construction start.
Conditions for funding include satisfactory Stability Mechanism, Project Certification, and no adverse law changes; no assurance of satisfaction.

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