US uranium producer Energy Fuels Inc has entered into a contract to secure additional quantities of a uranium-bearing alternate feed material for its White Mesa mill in Utah, the company announced today.
Under the contract, the company will earn a fee for processing the alternate feed and returning finished uranium product to the material’s generator. Energy Fuels described the agreement as a “substantial” project, not previously included in its business plan and resulting in a new source of revenue for 2017. The fee is expected to cover the company’s processing costs with a “reasonable margin”, Energy Fuels said.
