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22 Apr

Energy Fuels to buy Base Resources in US REE push

Energy Fuels, a US producer of uranium, rare earth elements (REEs) and vanadium, will acquire Australian miner Base Resources for AUD 375 million ($241.2m). The acquisition, at an AUD 0.065 per share price, unlocks “valuable and clearly identifiable synergies,” the companies say. That’s mainly due to Base Resources’ Toliara project in Madagascar, which is set to contain large quantities of monazite. The mineral is a source of magnet REEs us…
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