Chemours, Energy Fuels Team Up to Advance Domestic Rare Earth Production

Chemours Company (NYSE:CC) disclosed a strategic partnership with Energy Fuels Inc. (AMEX:UUUU) to bolster U.S. domestic supply chains for rare earth elements and critical minerals, addressing the growing market demand.

Notably, Chemours extracts and processes heavy mineral sands from its mining operations in Florida and Georgia.

Meanwhile, Energy Fuels is advancing heavy mineral sand projects in Madagascar, Brazil, and Australia, aiming to generate large-scale quantities of rare earth elements, titanium ilmenite, and zircon minerals.

Mark Chalmers, president and CEO of Energy Fuels, said, “Energy Fuels and Chemours each have unique, complementary capabilities, which can be deployed to solve many of America’s critical mineral supply chain challenges in rare earth elements, titanium and zirconium.”

The partnership will leverage the geographic and operational strengths of both companies.

Last week, Chemours launched a full-scale product trial with NTT DATA and Hibiya Engineering. Ltd. to advance data center two-phase immersion cooling.

It can cut data center cooling energy use by up to 90% and reduce overall energy consumption by 40%.

Price Action: CC shares are up 0.41% at $14.66 at the last check Tuesday.

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