Energy Fuels publishes feasibility study for Vara Mada (Toliara) Project with 904 Mt mineral reserve

ENERGY FUELS INC

Proven & Probable reserves: 904 Mt at 6.1% total heavy minerals (THM) including ilmenite, rutile, zircon, monazite.
Life of mine 38 years; Stage 1 production of 12.6 Mtpa ore, Stage 2 expands to 25.0 Mtpa.
Total LOM production: 36.1 Mt ilmenite, 2.5 Mt zircon, 0.9 Mt monazite, 284 kt rutile.
Monazite product (up to 29 ktpa in Stage 2) planned for processing at Energy Fuels' White Mesa Mill.
Permit PE 37242 does not yet include monazite; Base Toliara intends to add it under Malagasy law.

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