Energy Fuels nears final investment decision with A$180M conditional credit for rare earth project in Australia

Energy Fuels has received conditional approval for up to A$180 million from Australian government financiers to support Phase 1 of its Donald Rare Earth and Mineral Sands Project in Australia. This financing is part of a proposed A$200 million debt facility and moves the project closer to a final investment decision by the end of 2026. The Donald Project aims to produce rare earth element concentrates critical for permanent magnets and advanced technologies, supporting Energy Fuels' integrated mine-to-magnet supply chain. The project has a 40-year mine life and will supply feedstock for processing and magnet manufacturing in the US, South Korea, and Europe.

Energy Fuels shares trade at USD 7.57 on Pluang as of Oct 27, 2026, 10:31 WIB, up 0.66% for the day. The stock has a market cap of $1.99 billion and an enterprise value of $1.74 billion. Volume today reached 8,738,754 shares, reflecting steady investor interest in the company amid its project financing news.