Energy Fuels Appoints Ross R. Bhappu as President in Strategic Leadership Move

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 represents a significant step in the company's long-term succession planning, with Mark S. Chalmers continuing to serve as Chief Executive Officer and Director. Bhappu brings 35 years of experience in mining and private equity to the position, including substantial tenure with Resource Capital Funds, making him a valuable addition to the Energy Fuels leadership team.

The timing of this leadership transition holds particular importance given Energy Fuels' critical position in the U.S. energy landscape. As the leading producer of natural uranium concentrate, the company supplies nuclear utilities that generate carbon-free nuclear energy. This role becomes increasingly vital as nations worldwide seek to transition to cleaner energy sources while maintaining energy security. The company's strategic importance is further amplified by its ownership of the White Mesa Mill in Utah, which stands as the only fully licensed and operating conventional uranium processing facility in the United States.

Beyond uranium processing, the White Mesa Mill demonstrates Energy Fuels' diversified approach to critical minerals by producing advanced rare earth element products and vanadium oxide. The facility is also exploring the recovery of medical isotopes for cancer treatments, expanding its contribution to both energy and healthcare sectors. This multifaceted operation positions Energy Fuels at the intersection of multiple strategic national priorities, from clean energy to medical advancements and technological innovation.

With global demand for clean energy and critical minerals accelerating, Energy Fuels' strategic initiatives gain heightened relevance. The company is advancing heavy mineral sands projects in key international locations including Madagascar, Brazil, and Australia. These projects represent significant opportunities for growth in the rare earth elements market, which is essential for technologies ranging from electric vehicles to renewable energy systems and defense applications. The appointment of Bhappu, with his expertise in project evaluation, development, finance, and acquisitions, signals the company's commitment to strengthening its leadership capabilities during this period of expansion and opportunity. For additional information about the company's operations and strategic direction, visit http://www.energyfuels.com.