Overview
- Energy Fuels announced Thursday that the U.S. Office of Strategic Capital has made a conditional commitment of up to $725 million to the company.
- The proposed financing is structured as a 20‑year loan intended to fund expansion at the White Mesa Mill in Utah and build a planned U.S. rare‑earth metals and alloy facility.
- The commitment remains contingent on further due diligence, final documentation, customary closing conditions and required regulatory approvals.
- Energy Fuels has said the financing ties into a planned acquisition of Australian Strategic Materials to add metal and alloy capabilities in South Korea and has retained Goldman Sachs and Akin Gump to advise the deal.
- Investors reacted positively with the stock jumping roughly 17%, and if completed the transaction would strengthen domestic processing for materials used in defense, clean energy and advanced manufacturing.