Energy Fuels Announces Appointment of President
Energy Fuels Announces Appointment of President
DENVER July 31, 2025 – Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR), a leading U.S. producer of
uranium, rare earth elements and other critical minerals, is pleased to announce that, effective August 4,
2025, Mr. Ross R. Bhappu will become the President of Energy Fuels Inc. (the “Company”) while Mr. Mark
S. Chalmers, who is currently the President and Chief Executive Officer and a Director of the Company,
will continue in his role as CEO and Director . This action is being completed in accordance with the
Company’s long-term succession plans.
Mark S. Chalmers , President and CEO, stated : “We are delighted to welcome Ross to the Energy Fuels
team. Ross has over 35 years of experience in mining and private equity, including nearly 25 years with
Resource Capital Funds, where he provided both technical and financial evaluation and support in project
identification, analysis, development, valuation, project finance, mergers and acquisitions and sourcing of
capital from private and public markets exclusively for the mining and minerals sector . I look forward to
working with Ross in his role as President and the additional skill sets he brings to the team.”
Mr. Bhappu completed his Ph.D degree in Mineral Economics at the Colorado School of Mines and B.S.
and M.S. degrees in Metallurgical Engineering at the University of Arizona. He began his professional
career with Cyprus Minerals Company in Denver and Miami, Arizona before joining Newmont Mining
Corporation in Denver. Ross served in both technical and financial roles with both companies. Ross gained
substantial expertise in copper concentrate marketing while at Newmont and s erved as CEO of GTN
Copper Corporation for 3 years with a focus on acquiring and redeveloping the Cyprus Tahono Copper
Project (formerly known as Lakeshore) in Arizona prior to joining Resource Capital Funds in 2001. During
his tenure at Resource Capital Funds, Mr. Bhappu was instrumental in the acquisition of Mountain Pass ,
the only operating rare earth mine in the U.S. and the recreation of Molycorp, Inc. where he served as
Chairman from 2008 – 2013.
About Energy Fuels
Energy Fuels is a leading U.S. -based critical minerals company, focused on uranium, rare earth elements,
heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several
conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S.
producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that
process it further for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa
Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility
in the United States. At the Mill, Energy Fuels also produces advanced rare earth element products,
vanadium oxide (when m arket conditions warrant), and is evaluating the potential recovery of certain
medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy
cancer treatments. Energy Fuels is also developing three (3) additional heavy m ineral sands projects: the
Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which
Energy Fuels has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited.
Energy Fuels is based in Lakewood, Colorado, near Denver, with its heavy mineral sands operations
managed from Perth, Australia. The primary trading market for Energy Fuels' common shares is the NYSE
American under the trading symbol "UUUU," and its common shares are also listed on the Toronto Stock
Exchange under the trading symbol "EFR." For more information on all Energy Fuels does, please
visit http://www.energyfuels.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain "Forward Looking Information" and "Forward Looking Statements"
within the meaning of applicable United States and Canadian securities legislation, which may include, but
are not limited to, statements with respect to: any expectation that the Company will continue to be a
leading U.S.-based critical minerals company, focused on uranium, rare earth elements, heavy mineral
sands, vanadium and medical isotopes or the leading U.S. producer of natural uranium concentrate ; any
expectation that the Company will be successful in its evaluation of the potential recovery of certain
medical isotopes from existing uranium process streams needed for emerging Targeted Alpha Therapy
cancer treatments; any expectation that any of the Company’s projects will be developed or the timing of
any such development; and any expectation that the Company will earn into a 49% or other interest in the
Donald Project. Generally, these forward -looking statements can be identified by the use of forward -
looking terminology such as "plans", "expects," "does not expect," "is expected," "is likely," "budgets,"
"scheduled," "estimates," "forecasts," "intends," "anticipates," "does not anticipate," or "believes," or
variations of such words and phrases, or state that certain actions, events or results "may," "could,"
"would," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other
than statements of historical fact herein are considered to be forward -looking statements . Forward -
looking statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially different from any future results,
performance or achievements express or implied by the forward -looking statements. Factors that could
cause actual results to differ materially from those anticipated in these forward-looking statements include
risks associated with: commodity prices and price fluctuations; engineering, construction, p rocessing and
mining difficulties, upsets and delays; permitting and licensing requirements and delays; changes to
regulatory requirements; legal challenges; competition from other producers; government and political
actions or inactions; market factors, i ncluding future demand for rare earth elements, titanium and
zirconium; the availability of capital financing, government funding and other sources; and the other
factors described under the caption "Risk Factors" in the Company's most recently filed Annual Reports on
Form 10-K and Form 10 -Q , which are available for review on EDGAR at www.sec.gov/edgar.shtml, on
SEDAR at www.sedar.com, and on the Company's website at www.energyfuels.com. Forward -looking
statements contained herein are made as of the date of this news release, and Energy Fuels disclaims,
other than as required by law, any obligation to update any forward -looking statements whether as a
result of new information, results, future events, circumstances, or if management's estimates or opinions
should change, or otherwise. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue reliance on forward -looking
statements. Energy Fuels assumes no obligation to update the information in this communication, except
as otherwise required by law.
Media & Investor Inquiries:
Energy Fuels Inc.
Kim Ronkin Casey, Investor Relations Manager
303-389-4165
www.energyfuels.com