By Adriano Marchese
Energy Fuels is joining forces with chemical company Chemours to bolster U.S. domestic rare earth and critical mineral supply chains.
The two companies said Tuesday that they are forming a strategic alliance that builds upon their existing relationship and capitalizes on complementary geographic and operational synergies.
Energy Fuels is a U.S. producer of rare earth elements currently developing new heavy mineral sands projects in Madagascar, Brazil, and Australia. The company will focus on extracting rare earth, titanium ilmenite and zircon minerals in the coming years, which are essential for modern technology and for the defense sector.
Chemours mines and separates heavy mineral sands from its mines in Florida and Georgia.
Details of the partnership weren't disclosed but the move comes at a time when the U.S. is looking to break its reliance on foreign powers, such as China, for the supply of critical materials.
The news follows Monday's announcement by Energy Fuels that it signed a preliminary agreement with South Korea's Posco International to explore a rare-earths material supply chain for electric vehicles and hybrid EV drivetrains for automakers outside of China.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 18, 2025 06:38 ET (10:38 GMT)
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