The Chemours Company and Energy Fuels Inc. announced they are forming a strategic alliance to expand the companies’ existing relationship to enhance U.S. domestic rare earth and critical mineral supply chains to meet increasing demand.
Chemours says that the alliance will capitalize on the complementary geographic and operational synergies of both organizations. Energy Fuels, a U.S. producer of rare earth elements, is currently developing new heavy mineral sands projects in Madagascar, Brazil, and Australia, expected to produce world-scale quantities of rare earth, titanium ilmenite and zircon minerals in the coming years. Chemours mines and separates heavy mineral sands from its mines in Florida and Georgia.
“Chemours is proud to play a role in strengthening U.S. critical and rare earth mineral supply. This is a transformative time in our industry, and we are fortunate to have found a likeminded U.S. partner in Energy Fuels for this important work,” said Damián Gumpel, president of Chemours Titanium Technologies.
“Energy Fuels and Chemours each have unique, complementary capabilities, which can be deployed to solve many of America’s critical mineral supply chain challenges in rare earth elements, titanium and zirconium. Energy Fuels and Chemours have collaborated successfully over the past four years, and we look forward to expanding our relationship in this key area,” said Mark Chalmers, president and CEO of Energy Fuels.