Energy Fuels appoints Ross Bhappu as president in leadership transition

DENVER - Energy Fuels Inc. (NYSE American:UUUU) (TSX:EFR), a uranium and rare earth elements producer with a market capitalization of $351 million and annual revenue of $53 million, announced that Ross R. Bhappu will become the company’s president effective August 4, 2025, as part of its long-term succession planning. According to InvestingPro data, the company maintains a robust gross profit margin of 100%.

Mark S. Chalmers, who currently serves as president and chief executive officer, will continue in his roles as CEO and director of the uranium and rare earth elements producer. The company has demonstrated strong financial performance, with InvestingPro analysis showing profitability over the last twelve months and an attractive dividend yield of 8.87%.

Bhappu brings over 35 years of mining and private equity experience to Energy Fuels, including nearly 25 years with Resource Capital Funds where he provided technical and financial evaluation for the mining sector.

"We are delighted to welcome Ross to the Energy Fuels team," Chalmers said in the press release statement.

Bhappu holds a Ph.D. in Mineral Economics from the Colorado School of Mines and degrees in Metallurgical Engineering from the University of Arizona. His career includes positions at Cyprus Minerals Company, Newmont Mining Corporation, and serving as CEO of GTN Copper Corporation.

During his time at Resource Capital Funds, Bhappu played a key role in acquiring Mountain Pass, the only operating rare earth mine in the United States, and served as Chairman of Molycorp, Inc. from 2008 to 2013.

Energy Fuels operates several uranium projects in the western United States and owns the White Mesa Mill in Utah, the only fully licensed conventional uranium processing facility in the country. The company also produces rare earth element products and is developing heavy mineral sands projects in Madagascar, Brazil, and Australia. With a P/E ratio of 21.14 and an overall financial health score rated as "GOOD" by InvestingPro, the company maintains a strong position in the uranium and rare earth elements market. Unlock more insights and 6 additional ProTips about Energy Fuels with an InvestingPro subscription.

In other recent news, Energy Fuels Inc. has commenced pilot-scale production of heavy rare earth element oxides at its White Mesa Mill in Utah. The company is currently producing dysprosium oxide with a minimum purity of 99.5% and aims to complete its first kilogram within 30 days. Energy Fuels plans to continue this pilot production until September 2025, targeting approximately 15 kilograms of dysprosium oxide before shifting to terbium production in October. Additionally, the company mined 638,700 pounds of uranium from its Pinyon Plain mine in Arizona during the second quarter of 2025. This operation yielded 230,661 pounds in June alone, with uranium grades averaging 3.51% U3O8 for the month and 2.23% for the quarter. These developments highlight Energy Fuels’ ongoing efforts in both rare earth elements and uranium production.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.