Energy Fuels Inc. Appoints Ross R. Bhappu as President to Strengthen Leadership in Critical Minerals Sector

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a prominent U.S. producer of uranium, rare earth elements, and critical minerals, has officially named Ross R. Bhappu as its new President, with the appointment taking effect on August 4, 2025. This decision is part of the company's long-term succession strategy, with Mark S. Chalmers retaining his roles as Chief Executive Officer and Director. Bhappu's extensive 35-year career in mining and private equity, including a significant tenure with Resource Capital Funds, positions him as a valuable asset to Energy Fuels. His expertise in project evaluation, development, finance, and acquisitions within the mining and minerals sector is expected to play a pivotal role in advancing the company's uranium and rare earth initiatives.

The appointment comes at a time when Energy Fuels is intensifying its focus on the production of critical minerals essential for clean energy technologies and medical applications. The company's leadership in the U.S. uranium market, coupled with its operations at the White Mesa Mill in Utah—the only fully licensed conventional uranium processing facility in the country—underscores its strategic importance in the energy sector. Furthermore, Energy Fuels is exploring opportunities in rare earth element production, vanadium oxide, and the potential recovery of medical isotopes for cancer treatments, highlighting its diversified approach to critical minerals.

Energy Fuels' expansion into heavy mineral sands projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, reflects its commitment to securing a sustainable supply of critical minerals. The company's strategic initiatives and Bhappu's leadership are expected to enhance its competitive edge in the global market, contributing to the transition towards a greener economy and the advancement of medical technologies.

For more information on Energy Fuels Inc. and its operations, visit http://www.energyfuels.com. Additional updates and news relating to Energy Fuels can be found in the company's newsroom at http://ibn.fm/UUUU.