Energy Fuels Inc. is a vertically integrated uranium and rare earth element producer that operates uranium mines, in-situ recovery facilities, and the White Mesa Mill in Utah to extract and process uranium concentrate and rare earth element oxides. The company produces uranium yellowcake through conventional underground and open-pit mining as well as in-situ recovery methods, and processes monazite feedstock to produce separated rare earth oxides for permanent magnets and electric vehicle applications. Energy Fuels generates revenue by selling uranium concentrate to nuclear utilities and commercial customers at market-based prices, selling rare earth element oxides to specialty materials manufacturers and advanced technology customers, and providing toll-milling services for third-party ore processing.