UUUU, RadTran to study the recovery of thorium, radium, from existing rare earth carbonate and uranium process streams
The alliance has the potential to develop commercial technologies and sources of isotopes needed for a new domestic medical supply chain
The partnership aims to alleviate the major bottleneck in the targeted alpha therapy market
Due to its highly unique licenses, capabilities, and expertise, Energy Fuels (NYSE: UUUU) (TSX: EFR) is able to supply critical minerals and materials that no other company in the U.S. – or possibly outside of China – is able to do. Energy Fuels’ business revolves around its ability to recover and properly manage uranium and radionuclides in one-of-a-kind ways in the U.S. Energy Fuels is the leading U.S. uranium producer. The company just began producing rare earth by unlocking the value of a mineral called monazite, because this mineral contains radioactive elements, uranium, and thorium. And, UUUU’s most recent strategic partnership takes the company into an entirely new realm: the world of medicine.
Last month Energy Fuels entered into a strategic alliance with RadTran LLC to evaluate the recovery of thorium, as well as possibly radium, from the company’s existing rare earth carbonate and uranium process streams (https://ibn.fm/cT29O). RadTran is a Colorado-based technology development company focused on…
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