Minerals firms Energy Fuels and Hyperion sign monazite-to-rare-earths MOU
16:14 PM | April 21, 2021 | Vincent Valk Minerals firms Energy Fuels (Lakewood, Colorado) and Hyperion Metals (Belmont, North Carolina) have signed a memorandum of understanding (MOU) under which Hyperion will supply an unspecified amount of natural monazite sands for processing into mixed rare earth elements (REEs) at Energy Fuels’ facility in White Mesa, Utah. The MOU is nonbinding. The monazite sands covered under the deal will be sourced from Hyperion’s Titan Project, a heavy mineral sands mining development in Tennessee. As part of the MOU, Energy Fuels and Hyperion have also agreed...