Release – Gevo (GEVO) – Milestone Reached as Gevo Breaks Ground on Renewable Natural Gas Project in Northwest Iowa


Milestone Reached as Gevo Breaks Ground on Renewable Natural Gas Project in Northwest Iowa

 

ENGLEWOOD, Colorado – April 30, 2021
Gevo, Inc. (NASDAQ: GEVO), announced today that is has officially broken ground on the Renewable Natural Gas (“RNG”) Project, located in Northwest Iowa, which will generate RNG captured from dairy cow manure.

“Breaking ground on this project is an exciting step in bringing Gevo’s Net-Zero strategy closer to life,” said Dr. Patrick Gruber, CEO of Gevo. “Upon completion of the project in 2022, the digesters are anticipated to generate approximately 355,000 MMBtu of RNG per year and reduce significant quantities of methane, a potent greenhouse gas, from being released into the atmosphere. After the methane is extracted from the processed manure, the remaining solids will be returned to the farmers as soil nutrients for use as fertilizer. This will allow the farmers to reduce their raw manure application, which will improve odor, water quality and nutrient management practices.”

 

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

 

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the RNG Project, the ability of Gevo to realize production of RNG from the RNG Project, Gevo’s ability to generate cash from the RNG Project, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

 

Investor and Media Contact
+1 720-647-9605
IR@gevo.com

Gevo (GEVO) – Milestone Reached as Gevo Breaks Ground on Renewable Natural Gas Project in Northwest Iowa


Milestone Reached as Gevo Breaks Ground on Renewable Natural Gas Project in Northwest Iowa

 

ENGLEWOOD, Colorado – April 30, 2021
Gevo, Inc. (NASDAQ: GEVO), announced today that is has officially broken ground on the Renewable Natural Gas (“RNG”) Project, located in Northwest Iowa, which will generate RNG captured from dairy cow manure.

“Breaking ground on this project is an exciting step in bringing Gevo’s Net-Zero strategy closer to life,” said Dr. Patrick Gruber, CEO of Gevo. “Upon completion of the project in 2022, the digesters are anticipated to generate approximately 355,000 MMBtu of RNG per year and reduce significant quantities of methane, a potent greenhouse gas, from being released into the atmosphere. After the methane is extracted from the processed manure, the remaining solids will be returned to the farmers as soil nutrients for use as fertilizer. This will allow the farmers to reduce their raw manure application, which will improve odor, water quality and nutrient management practices.”

 

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

 

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the RNG Project, the ability of Gevo to realize production of RNG from the RNG Project, Gevo’s ability to generate cash from the RNG Project, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

 

Investor and Media Contact
+1 720-647-9605
IR@gevo.com

Release – Energy Fuels (UUUU)(EFR:CA) – Engages Leading Consultant to Support Development of Rare Earth Separation at White Mesa Mill in Utah

 

 


Energy Fuels Engages Leading Consultant to Support Development of Rare Earth Separation at White Mesa Mill in Utah

 

  • Carester SAS is recognized as one of the leading global experts on rare earth separation
  • Significant experience in processing natural monazite feeds into value-added rare earth products
  • Potential to restore a fully-integrated commercial U.S. rare earth supply chain within the next two to three years

LAKEWOOD, Colo.April 27, 2021 /CNW/ – Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has engaged Carester SAS (“Carester“) to prepare a scoping study for the development of a solvent extraction (“SX“) rare earth element (“REE“) separation circuit at the Company’s White Mesa Mill in Utah. Based in Lyon, France, Carester is one of the world’s leading global consultants on rare earth supply chains, with expertise in designing, constructing, operating and optimizing REE production facilities globally.

Carester has been engaged to support Energy Fuels’ planned development of REE separation capabilities at the White Mesa Mill, utilizing the Mill’s existing equipment and infrastructure to the extent applicable, to create a continuous, integrated and optimized rare earth production sequence. Carester’s scoping work will include an evaluation of the Mill’s current monazite leaching process, preparation of an REE separation flow sheet, capital and operating expense estimates, incorporation of new technologies where applicable, and recommendations on equipment vendors.

On March 1, 2021, Energy Fuels and Neo Performance Materials (“Neo“) announced the joint launch of a U.S.-Europe rare earth supply chain. With today’s announcement, the Company is now taking another important step toward launching a fully integrated “mine to market” U.S. rare earth supply chain in the coming years.

The Company is currently purchasing a minimum of 2,500 tons per year of natural monazite sands (“Monazite“) from Chemours’ Georgia (USA) heavy mineral sand operations. The Company is also in the process of securing additional supplies of Monazite from the U.S. and internationally, with an initial goal of processing approximately 15,000 tons of Monazite per annum for the recovery of REEs and uranium. Beginning in late-March, Energy Fuels began ramping up processing of Monazite at the White Mesa Mill, to produce a clean, mixed REE carbonate (“Carbonate“), an intermediate REE product ready for separation, the next step in a fully integrated REE supply chain. Energy Fuels intends to sell this intermediate product to an REE separation facility in Europe owned by Neo.

As previously announced, Energy Fuels is evaluating the potential to produce separated REE oxides, REE metals, REE alloys, and other value-added REE products at the White Mesa Mill (or nearby), with the intent of creating a fully integrated U.S. REE supply chain in the coming years. Engaging Carester to prepare a scoping study represents the next step in Energy Fuels’ development of these capabilities.

Carester’s REE separation and purification techniques utilize proven liquid-to-liquid SX extraction processes that have been successfully deployed around the world to produce REE products from feeds including Monazite. Carester’s team includes several individuals with significant experience processing Monazite for the recovery of REEs in FranceChina and elsewhere. The White Mesa Mill has utilized SX technology to produce uranium and vanadium products since the facility was commissioned in 1980. Therefore, the Company believes that Carester’s REE extraction processes can be incorporated into the Mill’s existing infrastructure in an efficient and cost-effective manner.

“Energy Fuels is absolutely focused on building fully integrated rare earth supply capabilities at our White Mesa Mill in the coming years, and we are pleased to have Carester on the team to support our efforts,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “Since we began evaluating the potential to produce rare earth products in late-2019, Energy Fuels has partnered with only the best global experts at every opportunity, and the agreement with Carester is just another example of how our Company is advancing our strategy on the complete REE production sequence. The Carester team is widely recognized as one of the world’s foremost authorities in producing separated rare earth oxides and other value added rare earth products. Rare earth extraction, separation and purification can be complex. We believe that our extensive in-house processing experience, combined with Carester’s expertise, places the Company in an excellent position to successfully and cost-effectively help to restore critical domestic rare earth capabilities in the USA at the White Mesa Mill.

“As more clean energy and advanced technologies are deployed, more rare earth products will be required. However, technologies are only clean if every step in the supply chain from the mine to the final consumer product is clean. An electric vehicle is not ‘green’ if the raw materials that go into the vehicle are not responsibly produced. The U.S. has the highest standards for safety, efficiency, and environmental responsibility in the world when it comes to mining, processing, refining and manufacturing. Energy Fuels is working towards establishing a ‘clean’ and ‘green’ U.S. option for manufacturers who demand the highest standards in their rare earth raw materials.”

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com. 

Cautionary Note Regarding Forward-Looking Statements: This news release contains “forward-looking information” within the meaning of applicable securities laws in the United States and Canada. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to the outcome of Carester’s Scoping Study; any expectation that the White Mesa Mill will be successful in producing REE Carbonate on a commercial basis; any expectation that Energy Fuels will be successful in developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with regard to the cost of producing and separating REE Carbonate at the White Mesa Mill;. any expectation that Caresters’ REE extraction processes can be incorporated into the Mill’s existing infrastructure in an efficient and cost-effective manner; and any expectation that Energy Fuels is establishing a ‘clean’ and ‘green’ U.S. option for manufacturers who demand the highest standards in their rare earth raw materials.  Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: technical difficulties; processing difficulties and upsets; commodity price levels and fluctuations; competition from other facilities domestically and internationally; available supplies of Monazite that meet commercial specifications; the availability of long-term purchase and supply agreements; capital requirements; the ability of the White Mesa Mill to produce REE Carbonate or separated REE products that meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; permitting and licensing matters; and legal and regulatory challenges. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Energy Fuels (UUUU)(EFR:CA) – Engages Leading Consultant to Support Development of Rare Earth Separation at White Mesa Mill in Utah

 

 


Energy Fuels Engages Leading Consultant to Support Development of Rare Earth Separation at White Mesa Mill in Utah

 

  • Carester SAS is recognized as one of the leading global experts on rare earth separation
  • Significant experience in processing natural monazite feeds into value-added rare earth products
  • Potential to restore a fully-integrated commercial U.S. rare earth supply chain within the next two to three years

LAKEWOOD, Colo.April 27, 2021 /CNW/ – Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has engaged Carester SAS (“Carester“) to prepare a scoping study for the development of a solvent extraction (“SX“) rare earth element (“REE“) separation circuit at the Company’s White Mesa Mill in Utah. Based in Lyon, France, Carester is one of the world’s leading global consultants on rare earth supply chains, with expertise in designing, constructing, operating and optimizing REE production facilities globally.

Carester has been engaged to support Energy Fuels’ planned development of REE separation capabilities at the White Mesa Mill, utilizing the Mill’s existing equipment and infrastructure to the extent applicable, to create a continuous, integrated and optimized rare earth production sequence. Carester’s scoping work will include an evaluation of the Mill’s current monazite leaching process, preparation of an REE separation flow sheet, capital and operating expense estimates, incorporation of new technologies where applicable, and recommendations on equipment vendors.

On March 1, 2021, Energy Fuels and Neo Performance Materials (“Neo“) announced the joint launch of a U.S.-Europe rare earth supply chain. With today’s announcement, the Company is now taking another important step toward launching a fully integrated “mine to market” U.S. rare earth supply chain in the coming years.

The Company is currently purchasing a minimum of 2,500 tons per year of natural monazite sands (“Monazite“) from Chemours’ Georgia (USA) heavy mineral sand operations. The Company is also in the process of securing additional supplies of Monazite from the U.S. and internationally, with an initial goal of processing approximately 15,000 tons of Monazite per annum for the recovery of REEs and uranium. Beginning in late-March, Energy Fuels began ramping up processing of Monazite at the White Mesa Mill, to produce a clean, mixed REE carbonate (“Carbonate“), an intermediate REE product ready for separation, the next step in a fully integrated REE supply chain. Energy Fuels intends to sell this intermediate product to an REE separation facility in Europe owned by Neo.

As previously announced, Energy Fuels is evaluating the potential to produce separated REE oxides, REE metals, REE alloys, and other value-added REE products at the White Mesa Mill (or nearby), with the intent of creating a fully integrated U.S. REE supply chain in the coming years. Engaging Carester to prepare a scoping study represents the next step in Energy Fuels’ development of these capabilities.

Carester’s REE separation and purification techniques utilize proven liquid-to-liquid SX extraction processes that have been successfully deployed around the world to produce REE products from feeds including Monazite. Carester’s team includes several individuals with significant experience processing Monazite for the recovery of REEs in FranceChina and elsewhere. The White Mesa Mill has utilized SX technology to produce uranium and vanadium products since the facility was commissioned in 1980. Therefore, the Company believes that Carester’s REE extraction processes can be incorporated into the Mill’s existing infrastructure in an efficient and cost-effective manner.

“Energy Fuels is absolutely focused on building fully integrated rare earth supply capabilities at our White Mesa Mill in the coming years, and we are pleased to have Carester on the team to support our efforts,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “Since we began evaluating the potential to produce rare earth products in late-2019, Energy Fuels has partnered with only the best global experts at every opportunity, and the agreement with Carester is just another example of how our Company is advancing our strategy on the complete REE production sequence. The Carester team is widely recognized as one of the world’s foremost authorities in producing separated rare earth oxides and other value added rare earth products. Rare earth extraction, separation and purification can be complex. We believe that our extensive in-house processing experience, combined with Carester’s expertise, places the Company in an excellent position to successfully and cost-effectively help to restore critical domestic rare earth capabilities in the USA at the White Mesa Mill.

“As more clean energy and advanced technologies are deployed, more rare earth products will be required. However, technologies are only clean if every step in the supply chain from the mine to the final consumer product is clean. An electric vehicle is not ‘green’ if the raw materials that go into the vehicle are not responsibly produced. The U.S. has the highest standards for safety, efficiency, and environmental responsibility in the world when it comes to mining, processing, refining and manufacturing. Energy Fuels is working towards establishing a ‘clean’ and ‘green’ U.S. option for manufacturers who demand the highest standards in their rare earth raw materials.”

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com. 

Cautionary Note Regarding Forward-Looking Statements: This news release contains “forward-looking information” within the meaning of applicable securities laws in the United States and Canada. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to the outcome of Carester’s Scoping Study; any expectation that the White Mesa Mill will be successful in producing REE Carbonate on a commercial basis; any expectation that Energy Fuels will be successful in developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with regard to the cost of producing and separating REE Carbonate at the White Mesa Mill;. any expectation that Caresters’ REE extraction processes can be incorporated into the Mill’s existing infrastructure in an efficient and cost-effective manner; and any expectation that Energy Fuels is establishing a ‘clean’ and ‘green’ U.S. option for manufacturers who demand the highest standards in their rare earth raw materials.  Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: technical difficulties; processing difficulties and upsets; commodity price levels and fluctuations; competition from other facilities domestically and internationally; available supplies of Monazite that meet commercial specifications; the availability of long-term purchase and supply agreements; capital requirements; the ability of the White Mesa Mill to produce REE Carbonate or separated REE products that meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; permitting and licensing matters; and legal and regulatory challenges. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Indonesia Energy Corp (INDO) – INDO Begins Drilling

Friday, April 23, 2021

Indonesia Energy Corp (INDO)
INDO Begins Drilling

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. It holds two oil and gas assets through its subsidiaries in Indonesia: one producing block (the Kruh Block) and one exploration block (the Citarum Block). The Kruh Block is located to the northwest of Pendopo, Pali, South Sumatra. The Citarum Block is located to the south of Jakarta.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    INDO begins drilling in the Kruh Block. Well Kruh-25 is the first of three back-to-back wells. Management expects to drill 5 wells in 2021, 6 in 2022, and 7 in 2023. Other details regarding drilling depth, time to drill, and expected initial production were unchanged. The announcement has been long awaited, with the estimated start date being pushed back several times.

    Drilling had been delayed by COVID and regulatory approval.  INDO initially planned to drill 6 Kruh wells in 2020 with the first well beginning shortly after renewing an operating agreement in May 2020. In July 2020, management pushed back first well expectations to September 2020. In September, it pushed back expectations to “one well in 2020”. In December, management cited a January 2021 start …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Energy Fuels (UUUU)(EFR:CA) – Awarded Additional $1.75 Million by U.S. Department of Energy for Rare Earth Feasibility Study

 

 


Energy Fuels and Team from Penn State University Awarded Additional $1.75 Million by U.S. Department of Energy for Rare Earth Feasibility Study

 

LAKEWOOD, Colo.April 23, 2021 /CNW/ – Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that the U.S. Department of Energy (“DOE“) Office of Fossil Energy and National Energy Technology Laboratory has exercised their option to award Energy Fuels, working with a team from Penn State University, an additional $1.75 million to complete a feasibility study (“Feasibility Study“) on the production of rare earth element (“REE“) products from natural coal-based resources, as well as from other materials such as REE-containing ores like the natural monazite ore (“Monazite“) the Company is currently processing at its White Mesa Mill in Utah.

This award follows the DOE providing Energy Fuels a $150,000 contract in 2020 for the successful completion of a conceptual design for the same initiative, resulting in a total award to Energy Fuels of $1.9 million. The Feasibility Study is intended to support a cost estimate for the production of individually separated rare earth oxides and rare earth metals and alloys from coal-based resources or other resources, including Monazite, within the U.S., with a focus on REEs for the production of commodity and defense-related products.

Energy Fuels is already evaluating the potential to develop commercial REE separation, metals, alloys, and other downstream REE capabilities at the White Mesa Mill, or nearby, with the goal of fully integrating a commercial U.S. REE supply chain in the coming years. The Company’s work on the DOE Feasibility Study is expected to complement these efforts and has the potential to accelerate the Company’s move into commercial production of separated REE oxides and other value-added REE products in the U.S. in the coming years.

“We are pleased to continue our collaboration with the U.S. Department of Energy, as we work together to restore critical U.S. rare earth supply chains available for domestic manufacturing,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “As we continue to ramp-up production of an intermediate rare earth product at the White Mesa Mill in Utah, we are moving forward with designing and developing the infrastructure needed to responsibly produce separated rare earth oxides and other products needed by the electric vehicle, renewable energy, defense and other domestic industries. Furthermore, we believe we can design our infrastructure to process feeds produced in the DOE program as well as the Monazite we are currently processing, for the recovery of uranium and REE products. We believe these kinds of collaborative public-private partnerships will be a key to restoring U.S. global leadership in the clean energy sector and re-establishing critical defense-related supply chains.”

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com. 

Cautionary Note Regarding Forward-Looking Statements: This news release contains “forward-looking information” within the meaning of applicable securities laws in the United States and Canada. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to the outcome of the Feasibility Study; any expectation that the White Mesa Mill will be successful in producing REE carbonate on a commercial basis; any expectation that Energy Fuels will be successful in developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with regard to the cost of producing and separating REE carbonate at the White Mesa Mill; any expectation that the Company’s work on the Feasibility Study will complement the Company’s current efforts or have the potential to accelerate the Company’s move into commercial production of separated REE oxides and other value-added REE products; any expectation that the Company’s collaboration with DOE will restore critical U.S. rare earth supply chains available for domestic manufacturing; any expectation that the Company can design its infrastructure to process feeds produced in the DOE program as well as the Monazite it is currently processing, for the recovery of uranium and REE products; and any expectation that the Company’s collaboration with DOE will be a key to restoring U.S. global leadership in the clean energy sector and re-establishing critical defense-related supply chains. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: technical difficulties; processing difficulties and upsets; commodity price levels and fluctuations; competition from other facilities domestically and internationally; available supplies of coal-based or other resources that meet commercial specifications; the availability of long-term purchase and supply agreements; capital requirements; the ability of the White Mesa Mill to produce REE carbonate or other REE products that meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; permitting and licensing matters; and legal and regulatory challenges. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140, or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Energy Fuels (UUUU)(EFR:CA) – Awarded Additional $1.75 Million by U.S. Department of Energy for Rare Earth Feasibility Study

 

 


Energy Fuels and Team from Penn State University Awarded Additional $1.75 Million by U.S. Department of Energy for Rare Earth Feasibility Study

 

LAKEWOOD, Colo.April 23, 2021 /CNW/ – Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that the U.S. Department of Energy (“DOE“) Office of Fossil Energy and National Energy Technology Laboratory has exercised their option to award Energy Fuels, working with a team from Penn State University, an additional $1.75 million to complete a feasibility study (“Feasibility Study“) on the production of rare earth element (“REE“) products from natural coal-based resources, as well as from other materials such as REE-containing ores like the natural monazite ore (“Monazite“) the Company is currently processing at its White Mesa Mill in Utah.

This award follows the DOE providing Energy Fuels a $150,000 contract in 2020 for the successful completion of a conceptual design for the same initiative, resulting in a total award to Energy Fuels of $1.9 million. The Feasibility Study is intended to support a cost estimate for the production of individually separated rare earth oxides and rare earth metals and alloys from coal-based resources or other resources, including Monazite, within the U.S., with a focus on REEs for the production of commodity and defense-related products.

Energy Fuels is already evaluating the potential to develop commercial REE separation, metals, alloys, and other downstream REE capabilities at the White Mesa Mill, or nearby, with the goal of fully integrating a commercial U.S. REE supply chain in the coming years. The Company’s work on the DOE Feasibility Study is expected to complement these efforts and has the potential to accelerate the Company’s move into commercial production of separated REE oxides and other value-added REE products in the U.S. in the coming years.

“We are pleased to continue our collaboration with the U.S. Department of Energy, as we work together to restore critical U.S. rare earth supply chains available for domestic manufacturing,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “As we continue to ramp-up production of an intermediate rare earth product at the White Mesa Mill in Utah, we are moving forward with designing and developing the infrastructure needed to responsibly produce separated rare earth oxides and other products needed by the electric vehicle, renewable energy, defense and other domestic industries. Furthermore, we believe we can design our infrastructure to process feeds produced in the DOE program as well as the Monazite we are currently processing, for the recovery of uranium and REE products. We believe these kinds of collaborative public-private partnerships will be a key to restoring U.S. global leadership in the clean energy sector and re-establishing critical defense-related supply chains.”

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com. 

Cautionary Note Regarding Forward-Looking Statements: This news release contains “forward-looking information” within the meaning of applicable securities laws in the United States and Canada. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to the outcome of the Feasibility Study; any expectation that the White Mesa Mill will be successful in producing REE carbonate on a commercial basis; any expectation that Energy Fuels will be successful in developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with regard to the cost of producing and separating REE carbonate at the White Mesa Mill; any expectation that the Company’s work on the Feasibility Study will complement the Company’s current efforts or have the potential to accelerate the Company’s move into commercial production of separated REE oxides and other value-added REE products; any expectation that the Company’s collaboration with DOE will restore critical U.S. rare earth supply chains available for domestic manufacturing; any expectation that the Company can design its infrastructure to process feeds produced in the DOE program as well as the Monazite it is currently processing, for the recovery of uranium and REE products; and any expectation that the Company’s collaboration with DOE will be a key to restoring U.S. global leadership in the clean energy sector and re-establishing critical defense-related supply chains. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: technical difficulties; processing difficulties and upsets; commodity price levels and fluctuations; competition from other facilities domestically and internationally; available supplies of coal-based or other resources that meet commercial specifications; the availability of long-term purchase and supply agreements; capital requirements; the ability of the White Mesa Mill to produce REE carbonate or other REE products that meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; permitting and licensing matters; and legal and regulatory challenges. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140, or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Energy Fuels (UUUU)(EFR:CA) – Energy Fuels Signs New Supply Agreement to Process Rare Earth Elements

Thursday, April 22, 2021

Energy Fuels (UUUU)(EFR:CA)
Energy Fuels Signs New Supply Agreement to Process Rare Earth Elements

As of April 24, 2020, Noble Capital Markets research on Energy Fuels is published under ticker symbols (UUUU and EFR:CA). The price target is in USD and based on ticker symbol UUUU. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. The producing White Mesa Mill is the only conventional uranium mill in the U.S. and has a licensed capacity of 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Energy Fuels signed an memorandum of understanding with Hyperion Metals to process monazite sand from Hyperion’s Titan Project in Tennessee. The MOU does not specify the quantity of monazite to be processed, but we suspect the arrangement to be similar to Energy Fuels’ agreement with Chemours to process 2,500 tons/year by 2022. Further details will become available after Hyperion completes a mineral reserve estimate and other test work later in the year. Hyperion has released results from initial wells of a drilling program that confirm high concentrations of monazite, as well as titanium, zircon and silica.

    Energy Fuels indicates its intent to ramp up monazite processing at its White Mesa Mill to 15,000 tons/year or greater.  The announcement implies that management expects operations to grow rapidly and that future supply intake agreements could be announced. In addition to growing monazite processing, management has expressed an interest in separating rare earth elements (REE) removed from the …



Energy Fuels CEO Mark Chalmers recently sat down with Noble Capital Markets Senior Research Analyst Michael Heim for an exclusive interview. Topics included current projects, pricing, uranium reserves, supply and demand, vanadium, rare earths, and more.

Watch The ChannelCast Video Now

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Gevo (GEVO) – To Report First Quarter 2021 Financial Results on May 13 2021


Gevo to Report First Quarter 2021 Financial Results on May 13, 2021

 

ENGLEWOOD, Colorado – April 21, 2021 – Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on Thursday, May 13, 2021 at 4:30 p.m. EDT (2:30 p.m. MDT) to report its financial results for the first quarter ended March 31, 2021 and provide an update on recent corporate highlights.

To participate in the conference call, please dial 1 (833) 729-4776 (inside the U.S.) or 1 (830) 213-7701 (outside the U.S.) and reference the access code 6295166# or through the event weblink:
https://edge.media-server.com/mmc/p/ocbho96s

A replay of the call and webcast will be available two hours after the conference call ends on May 13, 2021. To access the replay, please dial 1 (855) 859-2056 (inside the U.S.) or 1 (404) 537-3406 (outside the U.S.) and reference the access code 6295166#. The archived webcast will be available in the Investor Relations section of Gevo’s website at 
www.gevo.com.

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

 

Investor and Media Contact
+1 720-647-9605
IR@gevo.com

Release – Energy Fuels (UUUU)(EFR:CA) – Energy Fuels and Hyperion Sign MOU for the Supply of Monazite to Produce Rare Earth Products

 

 


Energy Fuels and Hyperion Sign MOU for the Supply of Monazite to Produce Rare Earth Products

 

A Further Step in the Development of a Fully Integrated U.S. Rare Earth Element Supply Chain

  • Energy Fuels and Hyperion have signed a memorandum of understanding to evaluate the potential supply of monazite sands from the Titan Project in Tennessee to Energy Fuels’ White Mesa Mill in Utah for the production of rare earth products.

  • Monazite is a very valuable rare earth-bearing mineral, planned to be produced at the Titan Project as a component of its heavy mineral sand concentrate product.

  • The MOU highlights the potential importance of Hyperion’s Titan Project, as Energy Fuels advances its initiatives to establish a fully integrated, low-cost U.S rare earth element supply chain.

  • Energy Fuels and Hyperion will also evaluate a potential arrangement to collaborate in the development of an integrated U.S. rare earth supply chain.

LAKEWOOD, Colo.April 21, 2021 /CNW/ – Energy Fuels Inc. (“Energy Fuels”) (NYSE: UUUU) (TSX: EFR) and Hyperion Metals Limited (“Hyperion”) (ASX: HYM) are pleased to announce the execution of a non-binding memorandum of understanding (“MOU“) for the supply of natural monazite sands (“Monazite“) from Hyperion’s Titan Project in Tennessee (the “Titan Project“). Energy Fuels plans to produce mixed rare earth element (“REE“) products from processing the Monazite at its White Mesa Mill in Utah.

The parties have also agreed to evaluate a potential teaming, joint venture, equity investment or other arrangement under which Hyperion would collaborate with Energy Fuels, and potentially other parties, in advancing Energy Fuels’ current initiative to establish a fully integrated, “mine to market” U.S. rare earth supply chain for the electric vehicle and renewable energy sectors, as well as other specialty uses.

The collaboration between Energy Fuels and Hyperion will initially focus on the potential commercial supply of Monazite from Hyperion’s Titan Project to Energy Fuels’ White Mesa Mill. Under the MOU, the parties have agreed to negotiate a definitive sales agreement for this supply of Monazite. In addition, subject to Hyperion supplying Energy Fuels with a sufficient quantity of Monazite from the Titan Project within a reasonable period of time, Hyperion and Energy Fuels will evaluate entering into a joint venture or other similar arrangement whereby Hyperion would participate with Energy Fuels, and potentially other parties, in the continuing development and operation of an integrated, low-cost and sustainable independent U.S. rare earth supply chain, under which Monazite would be supplied from The Chemours Company (NYSE: CC) (“Chemours“) U.S. projects, the Titan Project, and potentially other U.S and international mines, with the Monazite to be processed and separated into value-added rare earth products at Energy Fuels’ White Mesa Mill. This could potentially also result in the development of rare earth metal production capabilities.

Hyperion’s Titan Project covers a large area of heavy mineral sands properties in Tennessee prospective for titanium, zircon, Monazite and other valuable minerals such as high-grade silica sand and other refractory minerals. The Titan Project is in an area which saw significant historic exploration from 1960 – 1990 by DuPont, BHP and others, strategically located in the southeast of the U.S., close to significant manufacturing capacity, providing what Hyperion believes to be a significant logistical advantage over current U.S. supplies of imported titanium feedstock.

Hyperion is nearing completion of a three-phase drilling and bulk sampling test work program at the Titan Project. Results to date have successfully confirmed the high grade and significant thickness of mineralization over approximately a 3.6 km strike length. Assays from the drill programs to date have returned thick zones of high-grade Total Heavy Mineral (“THM“) near surface, with highlights including:

  • 47.2m @ 3.69% THM including 10.7m @ 8.09% THM and 10.7m @ 5.47% THM
  • 36.6m @ 3.37% THM including 12.2m @ 7.65% THM
  • 35.1m @ 3.04% THM including 10.7m @ 8.16% THM
  • 41.1m @ 2.14% THM including 9.1m @ 5.55 THM
  • 33.5m @ 2.21% THM including 12.2m @ 5.64% THM

Hyperion’s bulk sampling test work for flow-sheet development is nearing completion, and is evaluating the production of a number of mineral products, including:

  • Titanium minerals – used to produce titanium metal and for the production of paint and pigments;
  • Monazite – used for the production of rare earth products;
  • Zircon – used for the ceramic and foundry markets; and
  • High quality silica – used in float glass, solar panel glass and pharmaceutical grade glass.

A 70-hole Phase 3 drill program is nearing completion, and together with the bulk sample program will form the basis for Hyperion’s initial mineral resource estimate expected to be delivered in Q2 2021. For more information about the Titan Project go to:  www.hyperionmetals.us

Energy Fuels and Neo Performance Materials Inc. (TSX: NEO) (“Neo“) recently announced the joint launch of a U.S.-European REE supply chain involving Energy Fuels, Neo and Chemours. Under this emerging initiative, Energy Fuels is currently purchasing 2,500 tons of Monazite per year from the Chemours Company’s Georgia (USA) heavy mineral sand operations. Energy Fuels is currently processing this Monazite at its White Mesa Mill in Utah into a clean, mixed REE carbonate, as well as recovering the contained uranium. Energy Fuels is selling this intermediate REE product to Neo’s REE separations facility in Sillamae, Estonia for the production of commercial value-added REE products, supplying U.S. and European markets.

In addition to producing mixed REE carbonate, Energy Fuels is also evaluating the potential to develop U.S. separation, metals, alloys, and other downstream REE capabilities at the White Mesa Mill, or nearby, thereby fully integrating a U.S. rare earth supply chain in the coming years. Energy Fuels is seeking to increase its supply of Monazite feed to approximately 15,000 tons per year (or greater) for this initiative. Subject to completion of permitting, development and commencement of operations, the Titan Project is expected to be a potential future source of Monazite to supplement Chemours’ supply of Monazite to Energy Fuels.

The MOU highlights the importance of Hyperion’s Titan Project as a potentially important source of high value American rare earth minerals, expected to play an integral role in rebuilding sustainable, robust and resilient transportation, energy and defense sectors, and the desire of Energy Fuels to build diversified and significant Monazite feedstocks from various sources.

Energy Fuels’ President and Chief Executive Officer, Mr. Mark Chalmers, said: “Energy Fuels, along with Chemours and Neo, are creating a new U.S.-Europe rare earth supply chain. For this initiative to achieve its full potential, we are actively seeking new, ethically-produced sources of Monazite, with sources from the U.S. being our first priority. Therefore, we are excited to work with Hyperion to secure additional sources of Monazite for processing at the White Mesa Mill. Through their association with Piedmont Lithium’s project in North Carolina, members of the Hyperion team have demonstrated to us that they have the know-how and resources to bring U.S. critical mineral projects into production. We look forward to working with the Hyperion team and potentially seeing our relationship grow through their participation in a fully-integrated, low cost U.S. rare earth supply chain in the future. We are particularly excited about the prospect of sourcing U.S. mined Monazite, which together with our current supplies from Chemours’ Georgia operations and the unique capabilities of the White Mesa Mill, demonstrates to us that a world-competitive and world-scale, fully integrated U.S. rare earth supply chain is becoming a reality.”

Hyperion’s Managing Director, Mr. Anastasios Arima, said: “We are excited to progress the potential supply to Energy Fuels of American Monazite for its rare earths supply chain right here in the USA, bringing back sustainable American industry and skilled jobs for generations. The import dependence of the U.S. for key critical minerals, including rare earths and titanium, presents a huge threat to the security of key domestic industries, including defense, space, aerospace, renewables and electric vehicles. Our collaboration with Energy Fuels highlights the importance of Hyperion’s Titan Project in the U.S. as a leader in American sourced critical minerals through its plans to produce zero carbon titanium metals, delivering a clean energy future through the supply of rare earth elements for electric vehicles and the renewable power sectors.”

This announcement has been authorized for release by Hyperion’s Managing Director.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from Monazite. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

About Hyperion: Hyperion Metals’ mission is to be the leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries including space, aerospace, electric vehicles and 3D printing. The Company holds a 100% interest in the Titan Project, covering nearly 4,000 acres of prospective titanium, rare earth minerals, high grade silica sand and zircon mineral sands properties in Tennessee, USA, as well as an option to secure the exclusive license to produce low carbon titanium metal using the breakthrough HAMR technology, invented by Dr. Z. Zak Fang and his team at the University of Utah with government funding from ARPA-E. The primary trading market for Hyperion’s common shares is the Australian Stock Exchange under the trading symbol “HYM.” Hyperion’s website is www.hyperionmetals.us.

Cautionary Statements Regarding Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws in the United StatesCanada, and Australia. Forward-looking information may relate to future events or future performance of Energy Fuels or Hyperion. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ or Hyperion’s objectives and goals, as well as statements with respect to their beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation that the Titan Project will be permitted and developed into a commercial producing mine; any expectation that the Titan Project will provide a significant logistical advantage over current U.S. supplies of imported titanium feedstock; any expectation that future exploration or bulk sample results at the Titan Project will meet expectations; any expectation that a JORC Code report will be prepared for the Titan Project and that it will confirm current exploration or bulk sampling results or otherwise meet expectations; any expectation that the Titan Project will contain Monazite in a commercial form or that the Titan Project will be capable of producing satisfactory amounts of Monazite per year; any estimation of the mine life of the Titan Project or when it may commence production of Monazite, if at all; any expectation that the White Mesa Mill will be successful in producing REE carbonate on a commercial basis; any expectation that Neo will be successful in separating the White Mesa Mill’s REE carbonate on a commercial basis; any expectation that Energy Fuels will be successful in increasing its supplies of Monazite, developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with respect to the quantities of Monazite to be acquired by Energy Fuels; any expectation with regard to the cost of producing and separating REE carbonate; and any expectation that Energy Fuels and Hyperion will be successful in completing definitive agreements and hence proceeding with their collaborative efforts . Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: permitting and developing the Titan Project; exploration results not meeting expectations on the Titan Project; commodity prices; the Titan Project never going into production; legal challenges and injunctions; processing difficulties and upsets; available supplies of Monazite; the ability of the White Mesa Mill to produce REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of Neo to separate REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; and the ability of Energy Fuels and Hyperion to finalize definitive agreements. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels and Hyperion disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels and Hyperion assume no obligation to update the information in this communication, except as otherwise required by law.

Competent Persons Statement

The information in this announcement that relates to the Titan Project Exploration Results is extracted from Hyperion’s ASX Announcements dated 10 March 2021 and 7 January 2021 (“Original ASX Announcements”) which are available to view at Hyperion’s website at www.hyperionmetals.us. Hyperion confirms that a) it is not aware of any new information or data that materially affects the information included in the Original ASX Announcements; b) all material assumptions included in the Original ASX Announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this report have not been materially changed from the Original ASX Announcements.

SOURCE Energy Fuels Inc.

For further information: Energy Fuels Inc., Curtis Moore – VP – Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com; Hyperion Metals Limited, Anastasios (Taso) Arima – Managing Director, +1 347 899 1522, info@hyperionmetals.us, www.hyperionmetals.us; Hyperion Metals Limited, Dominic Allen – Corporate Development, +61 468 544 888, info@hyperionmetals.us, www.hyperionmetals.us

Energy Fuels (UUUU)(EFR:CA) – Energy Fuels and Hyperion Sign MOU for the Supply of Monazite to Produce Rare Earth Products

 

 


Energy Fuels and Hyperion Sign MOU for the Supply of Monazite to Produce Rare Earth Products

 

A Further Step in the Development of a Fully Integrated U.S. Rare Earth Element Supply Chain

  • Energy Fuels and Hyperion have signed a memorandum of understanding to evaluate the potential supply of monazite sands from the Titan Project in Tennessee to Energy Fuels’ White Mesa Mill in Utah for the production of rare earth products.

  • Monazite is a very valuable rare earth-bearing mineral, planned to be produced at the Titan Project as a component of its heavy mineral sand concentrate product.

  • The MOU highlights the potential importance of Hyperion’s Titan Project, as Energy Fuels advances its initiatives to establish a fully integrated, low-cost U.S rare earth element supply chain.

  • Energy Fuels and Hyperion will also evaluate a potential arrangement to collaborate in the development of an integrated U.S. rare earth supply chain.

LAKEWOOD, Colo.April 21, 2021 /CNW/ – Energy Fuels Inc. (“Energy Fuels”) (NYSE: UUUU) (TSX: EFR) and Hyperion Metals Limited (“Hyperion”) (ASX: HYM) are pleased to announce the execution of a non-binding memorandum of understanding (“MOU“) for the supply of natural monazite sands (“Monazite“) from Hyperion’s Titan Project in Tennessee (the “Titan Project“). Energy Fuels plans to produce mixed rare earth element (“REE“) products from processing the Monazite at its White Mesa Mill in Utah.

The parties have also agreed to evaluate a potential teaming, joint venture, equity investment or other arrangement under which Hyperion would collaborate with Energy Fuels, and potentially other parties, in advancing Energy Fuels’ current initiative to establish a fully integrated, “mine to market” U.S. rare earth supply chain for the electric vehicle and renewable energy sectors, as well as other specialty uses.

The collaboration between Energy Fuels and Hyperion will initially focus on the potential commercial supply of Monazite from Hyperion’s Titan Project to Energy Fuels’ White Mesa Mill. Under the MOU, the parties have agreed to negotiate a definitive sales agreement for this supply of Monazite. In addition, subject to Hyperion supplying Energy Fuels with a sufficient quantity of Monazite from the Titan Project within a reasonable period of time, Hyperion and Energy Fuels will evaluate entering into a joint venture or other similar arrangement whereby Hyperion would participate with Energy Fuels, and potentially other parties, in the continuing development and operation of an integrated, low-cost and sustainable independent U.S. rare earth supply chain, under which Monazite would be supplied from The Chemours Company (NYSE: CC) (“Chemours“) U.S. projects, the Titan Project, and potentially other U.S and international mines, with the Monazite to be processed and separated into value-added rare earth products at Energy Fuels’ White Mesa Mill. This could potentially also result in the development of rare earth metal production capabilities.

Hyperion’s Titan Project covers a large area of heavy mineral sands properties in Tennessee prospective for titanium, zircon, Monazite and other valuable minerals such as high-grade silica sand and other refractory minerals. The Titan Project is in an area which saw significant historic exploration from 1960 – 1990 by DuPont, BHP and others, strategically located in the southeast of the U.S., close to significant manufacturing capacity, providing what Hyperion believes to be a significant logistical advantage over current U.S. supplies of imported titanium feedstock.

Hyperion is nearing completion of a three-phase drilling and bulk sampling test work program at the Titan Project. Results to date have successfully confirmed the high grade and significant thickness of mineralization over approximately a 3.6 km strike length. Assays from the drill programs to date have returned thick zones of high-grade Total Heavy Mineral (“THM“) near surface, with highlights including:

  • 47.2m @ 3.69% THM including 10.7m @ 8.09% THM and 10.7m @ 5.47% THM
  • 36.6m @ 3.37% THM including 12.2m @ 7.65% THM
  • 35.1m @ 3.04% THM including 10.7m @ 8.16% THM
  • 41.1m @ 2.14% THM including 9.1m @ 5.55 THM
  • 33.5m @ 2.21% THM including 12.2m @ 5.64% THM

Hyperion’s bulk sampling test work for flow-sheet development is nearing completion, and is evaluating the production of a number of mineral products, including:

  • Titanium minerals – used to produce titanium metal and for the production of paint and pigments;
  • Monazite – used for the production of rare earth products;
  • Zircon – used for the ceramic and foundry markets; and
  • High quality silica – used in float glass, solar panel glass and pharmaceutical grade glass.

A 70-hole Phase 3 drill program is nearing completion, and together with the bulk sample program will form the basis for Hyperion’s initial mineral resource estimate expected to be delivered in Q2 2021. For more information about the Titan Project go to:  www.hyperionmetals.us

Energy Fuels and Neo Performance Materials Inc. (TSX: NEO) (“Neo“) recently announced the joint launch of a U.S.-European REE supply chain involving Energy Fuels, Neo and Chemours. Under this emerging initiative, Energy Fuels is currently purchasing 2,500 tons of Monazite per year from the Chemours Company’s Georgia (USA) heavy mineral sand operations. Energy Fuels is currently processing this Monazite at its White Mesa Mill in Utah into a clean, mixed REE carbonate, as well as recovering the contained uranium. Energy Fuels is selling this intermediate REE product to Neo’s REE separations facility in Sillamae, Estonia for the production of commercial value-added REE products, supplying U.S. and European markets.

In addition to producing mixed REE carbonate, Energy Fuels is also evaluating the potential to develop U.S. separation, metals, alloys, and other downstream REE capabilities at the White Mesa Mill, or nearby, thereby fully integrating a U.S. rare earth supply chain in the coming years. Energy Fuels is seeking to increase its supply of Monazite feed to approximately 15,000 tons per year (or greater) for this initiative. Subject to completion of permitting, development and commencement of operations, the Titan Project is expected to be a potential future source of Monazite to supplement Chemours’ supply of Monazite to Energy Fuels.

The MOU highlights the importance of Hyperion’s Titan Project as a potentially important source of high value American rare earth minerals, expected to play an integral role in rebuilding sustainable, robust and resilient transportation, energy and defense sectors, and the desire of Energy Fuels to build diversified and significant Monazite feedstocks from various sources.

Energy Fuels’ President and Chief Executive Officer, Mr. Mark Chalmers, said: “Energy Fuels, along with Chemours and Neo, are creating a new U.S.-Europe rare earth supply chain. For this initiative to achieve its full potential, we are actively seeking new, ethically-produced sources of Monazite, with sources from the U.S. being our first priority. Therefore, we are excited to work with Hyperion to secure additional sources of Monazite for processing at the White Mesa Mill. Through their association with Piedmont Lithium’s project in North Carolina, members of the Hyperion team have demonstrated to us that they have the know-how and resources to bring U.S. critical mineral projects into production. We look forward to working with the Hyperion team and potentially seeing our relationship grow through their participation in a fully-integrated, low cost U.S. rare earth supply chain in the future. We are particularly excited about the prospect of sourcing U.S. mined Monazite, which together with our current supplies from Chemours’ Georgia operations and the unique capabilities of the White Mesa Mill, demonstrates to us that a world-competitive and world-scale, fully integrated U.S. rare earth supply chain is becoming a reality.”

Hyperion’s Managing Director, Mr. Anastasios Arima, said: “We are excited to progress the potential supply to Energy Fuels of American Monazite for its rare earths supply chain right here in the USA, bringing back sustainable American industry and skilled jobs for generations. The import dependence of the U.S. for key critical minerals, including rare earths and titanium, presents a huge threat to the security of key domestic industries, including defense, space, aerospace, renewables and electric vehicles. Our collaboration with Energy Fuels highlights the importance of Hyperion’s Titan Project in the U.S. as a leader in American sourced critical minerals through its plans to produce zero carbon titanium metals, delivering a clean energy future through the supply of rare earth elements for electric vehicles and the renewable power sectors.”

This announcement has been authorized for release by Hyperion’s Managing Director.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from Monazite. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

About Hyperion: Hyperion Metals’ mission is to be the leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries including space, aerospace, electric vehicles and 3D printing. The Company holds a 100% interest in the Titan Project, covering nearly 4,000 acres of prospective titanium, rare earth minerals, high grade silica sand and zircon mineral sands properties in Tennessee, USA, as well as an option to secure the exclusive license to produce low carbon titanium metal using the breakthrough HAMR technology, invented by Dr. Z. Zak Fang and his team at the University of Utah with government funding from ARPA-E. The primary trading market for Hyperion’s common shares is the Australian Stock Exchange under the trading symbol “HYM.” Hyperion’s website is www.hyperionmetals.us.

Cautionary Statements Regarding Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws in the United StatesCanada, and Australia. Forward-looking information may relate to future events or future performance of Energy Fuels or Hyperion. All statements in this release, other than statements of historical facts, with respect to Energy Fuels’ or Hyperion’s objectives and goals, as well as statements with respect to their beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation that the Titan Project will be permitted and developed into a commercial producing mine; any expectation that the Titan Project will provide a significant logistical advantage over current U.S. supplies of imported titanium feedstock; any expectation that future exploration or bulk sample results at the Titan Project will meet expectations; any expectation that a JORC Code report will be prepared for the Titan Project and that it will confirm current exploration or bulk sampling results or otherwise meet expectations; any expectation that the Titan Project will contain Monazite in a commercial form or that the Titan Project will be capable of producing satisfactory amounts of Monazite per year; any estimation of the mine life of the Titan Project or when it may commence production of Monazite, if at all; any expectation that the White Mesa Mill will be successful in producing REE carbonate on a commercial basis; any expectation that Neo will be successful in separating the White Mesa Mill’s REE carbonate on a commercial basis; any expectation that Energy Fuels will be successful in increasing its supplies of Monazite, developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating a low cost U.S REE supply chain in the future; any expectation with respect to the quantities of Monazite to be acquired by Energy Fuels; any expectation with regard to the cost of producing and separating REE carbonate; and any expectation that Energy Fuels and Hyperion will be successful in completing definitive agreements and hence proceeding with their collaborative efforts . Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: permitting and developing the Titan Project; exploration results not meeting expectations on the Titan Project; commodity prices; the Titan Project never going into production; legal challenges and injunctions; processing difficulties and upsets; available supplies of Monazite; the ability of the White Mesa Mill to produce REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of Neo to separate REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; market factors, including future demand for REEs; and the ability of Energy Fuels and Hyperion to finalize definitive agreements. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels and Hyperion disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels and Hyperion assume no obligation to update the information in this communication, except as otherwise required by law.

Competent Persons Statement

The information in this announcement that relates to the Titan Project Exploration Results is extracted from Hyperion’s ASX Announcements dated 10 March 2021 and 7 January 2021 (“Original ASX Announcements”) which are available to view at Hyperion’s website at www.hyperionmetals.us. Hyperion confirms that a) it is not aware of any new information or data that materially affects the information included in the Original ASX Announcements; b) all material assumptions included in the Original ASX Announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this report have not been materially changed from the Original ASX Announcements.

SOURCE Energy Fuels Inc.

For further information: Energy Fuels Inc., Curtis Moore – VP – Marketing & Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com; Hyperion Metals Limited, Anastasios (Taso) Arima – Managing Director, +1 347 899 1522, info@hyperionmetals.us, www.hyperionmetals.us; Hyperion Metals Limited, Dominic Allen – Corporate Development, +61 468 544 888, info@hyperionmetals.us, www.hyperionmetals.us

Gevo (GEVO) – To Report First Quarter 2021 Financial Results on May 13 2021


Gevo to Report First Quarter 2021 Financial Results on May 13, 2021

 

ENGLEWOOD, Colorado – April 21, 2021 – Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on Thursday, May 13, 2021 at 4:30 p.m. EDT (2:30 p.m. MDT) to report its financial results for the first quarter ended March 31, 2021 and provide an update on recent corporate highlights.

To participate in the conference call, please dial 1 (833) 729-4776 (inside the U.S.) or 1 (830) 213-7701 (outside the U.S.) and reference the access code 6295166# or through the event weblink:
https://edge.media-server.com/mmc/p/ocbho96s

A replay of the call and webcast will be available two hours after the conference call ends on May 13, 2021. To access the replay, please dial 1 (855) 859-2056 (inside the U.S.) or 1 (404) 537-3406 (outside the U.S.) and reference the access code 6295166#. The archived webcast will be available in the Investor Relations section of Gevo’s website at 
www.gevo.com.

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

 

Investor and Media Contact
+1 720-647-9605
IR@gevo.com

Release – Capstone Turbine (CPST) – Saved End-Use Customers Over $217 Million In Energy Costs And Approximately 397000 Tons Of Carbon


Capstone Turbine Announces That In Fiscal Year 2021, It Estimates It Saved End-Use Customers Over $217 Million In Energy Costs And Approximately 397,000 Tons Of Carbon

 

Special Company Announcement Is Planned in Celebration of Earth Day, April 22, 2021

VAN NUYS, CA / ACCESSWIRE / April 20, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), the world’s leading manufacturer of clean technology, microturbine energy systems, announced today that in Fiscal 2021, which was the 12 months ending March 31, 2021, the Company estimates it saved its end-use customers over $217 million in annual energy costs and helped them reduce carbon emissions by approximately 397,000 tons.

Over its 20-year history, Capstone has shipped over 10,000 units to 83 countries. A single Capstone-powered combined heat and power (CHP) system can provide customers with an estimated 40% in annual energy savings while simultaneously, meaningfully lowering their carbon footprint. In the last three years alone, the Company has provided customers with an estimated total savings of $698 million in annual energy costs and carbon reductions of approximately 1,115,100 tons.

Not only is Capstone committed to saving customers money and helping them achieve their carbon reduction goals through dramatically improved energy efficiency, the microturbine technology provides much needed energy resiliency. As the world faces the effects of climate change, this will be an important benefit for companies and communities moving forward.

“The need to shift to greener energy solutions has never been more evident than it is today. In fact, there is a strong argument to be made for a global green recovery from the COVID-19 pandemic,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine. “In the true spirit of Earth Day 2021, we are proud to do our part by providing energy saving products and services that not only help customers save money, they help to save the planet.”

Mr. Jamison continued, “We have only scratched the surface of meeting the efficient energy needs of customers worldwide. In fact, we will soon be announcing Company changes on Earth Day, April 22, 2021, that reflect our continued business evolution, including development efforts that we are undertaking to become a highly trusted energy partner to our valued end-use customers.”

“I believe businesses will increasingly look at improving their operations from an environmental, social and governance (ESG) perspective so that they become more socially conscious, especially as investors and customers are beginning to screen companies for their stance on these issues before potentially investing or making product buying decisions,” added Mr. Jamison.

Kirk Petty, Capstone’s Vice President of Manufacturing, said, “At Capstone, the products and services we produce enable our end-use customers to reduce their carbon footprint via lower air emissions, all while lowering their overall operational costs. In our product design, sourcing, manufacturing and aftermarket processes, we apply the same guiding principles. We focus on reducing our own environmental footprint through waste reduction efforts, recycling and refurbishment (remanufacturing) efforts, lean manufacturing techniques, and reducing energy consumption in our key production processes. We are continually monitoring and looking at ways to innovate and improve our overall carbon footprint.”

About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today’s multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@capstoneturbine.com. To date, Capstone has shipped over 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and approximately 368,000 tons of carbon.

For more information about the Company, please visit www.capstoneturbine.com. Follow Capstone Turbine on TwitterLinkedInInstagram, Facebook and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release and the Company’s presentation contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

“Capstone” and “Capstone Microturbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

SOURCE: Capstone Turbine Corporation