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Energy Fuels jumps
Energy Fuels jumps as Madagascar lifts suspension on critical minerals project
Energy Fuels (NYSE:UUUU) +3.4% pre-market Friday after saying Madagascar's government lifted the suspension of the Toliara critical minerals project initially imposed in 2019; the company acquired Base Resources and the Toliara project in October 2024.
Madagascar lifts suspension on Energy Fuels’ critical minerals project
The Toliara project is expected to be a cornerstone source of monazite supply for the White Mesa mill, the company said.
Energy Fuels' Madagascar Project Suspension Lifted
Energy Fuels said Thursday that the Madagascar government lifted a suspension on its critical metals project in the country that had been in place for five years. The uranium producer said the Madagascar Council of Ministers lifted the suspension of its Toliara critical minerals project,
Madagascar lifts suspension on Energy Fuels’ Toliara Project
The government halted the project's development activities in 2019 to renegotiate fiscal and other relevant terms.
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Madagascar
Toliara
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