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 within the U.S. energy infrastructure. 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. Bhappu's expertise in project evaluation, development, finance, and acquisitions is expected to play a pivotal role as the company advances its uranium and rare earth initiatives during this period of growing demand.

Energy Fuels' strategic assets further underscore the significance of this leadership appointment. The company owns and operates the White Mesa Mill in Utah, which represents the only fully licensed and operating conventional uranium processing facility in the United States. This facility's capabilities extend beyond uranium processing to include production of advanced rare earth element products and vanadium oxide, with ongoing exploration into recovering medical isotopes for cancer treatments. The mill's unique position in the domestic supply chain makes effective leadership crucial for maintaining and expanding these operations.

With global demand for clean energy and critical minerals accelerating, Energy Fuels' strategic initiatives take on added importance. The company is developing heavy mineral sands projects in multiple international locations, including Madagascar, Brazil, and Australia. These projects align with increasing recognition of the need for secure supply chains for minerals essential to clean energy technologies, electric vehicles, and national security applications. Bhappu's appointment signals the company's commitment to strengthening its leadership capabilities to navigate this competitive and rapidly evolving sector effectively. For additional information about the company's operations and strategic direction, visit http://www.energyfuels.com.