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

Energy Fuels Inc., a prominent U.S. producer of uranium, rare earth elements, and critical minerals, has named Ross R. Bhappu as its new President, effective August 4, 2025. This appointment is part of the company's long-term succession strategy, with Mark S. Chalmers continuing to serve 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 addition to the Energy Fuels leadership team. His expertise in project evaluation, development, finance, and acquisitions is expected to play a pivotal role as the company advances its uranium and rare earth initiatives.

The significance of this leadership transition cannot be overstated, given Energy Fuels' critical role in the U.S. energy sector. As the leading producer of natural uranium concentrate, the company supplies nuclear utilities that contribute to the production of carbon-free nuclear energy. Furthermore, Energy Fuels' ownership of the White Mesa Mill in Utah, the only fully licensed and operating conventional uranium processing facility in the United States, underscores its strategic importance. The mill not only processes uranium but also produces advanced rare earth element products and vanadium oxide, and is exploring the recovery of medical isotopes for cancer treatments.

With the global demand for clean energy and critical minerals on the rise, Energy Fuels' strategic initiatives, including the development of heavy mineral sands projects in Madagascar, Brazil, and Australia, are more relevant than ever. The appointment of Bhappu is a clear indication of the company's commitment to strengthening its leadership and expertise in this competitive and rapidly evolving sector. For more details on Energy Fuels' operations and projects, visit http://www.energyfuels.com.