Energy Fuels Inc. Appoints Ross R. Bhappu as New President Amid Strategic Expansion

Energy Fuels Inc., a key player in the U.S. uranium and rare earth elements market, has announced the appointment of Ross R. Bhappu as its new President, effective August 4, 2025. This strategic move is part of the company's long-term succession planning, with Mark S. Chalmers retaining his roles as Chief Executive Officer and Director. Bhappu brings to the table a wealth of experience spanning 35 years in mining and private equity, notably with Resource Capital Funds, which is expected to significantly benefit Energy Fuels as it advances its uranium and rare earth projects.

The leadership transition at Energy Fuels comes at a critical time for the U.S. energy sector. The company is the leading producer of natural uranium concentrate, supplying nuclear utilities that are pivotal in generating carbon-free nuclear energy. Its ownership of the White Mesa Mill in Utah, the sole fully licensed and operational conventional uranium processing facility in the country, further highlights its strategic importance. The facility's capabilities extend beyond uranium processing to include the production of advanced rare earth element products, vanadium oxide, and the exploration of medical isotopes for cancer treatment.

With increasing global demand for clean energy and critical minerals, Energy Fuels is positioning itself as a leader in the sector. The company's strategic initiatives, including heavy mineral sands projects in Madagascar, Brazil, and Australia, are gaining momentum. The appointment of Bhappu underscores Energy Fuels' commitment to enhancing its leadership and expertise in a competitive and rapidly evolving industry. For more information on Energy Fuels' operations and projects, visit http://www.energyfuels.com.