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Benzinga
Benzinga
Business
Akanksha Bakshi

Energy Fuels Rakes In This Well-Known Deposit In Brazil - With Potential Supply For Decades

Energy Fuels Brazil Energy Fuels Inc TSX uranium Mining

U.S.-based uranium mining company Energy Fuels Inc. (NYSE:UUUU) (TSX:EFR) has entered into binding agreements to acquire seventeen (17) mineral concessions between the towns of Prado and Caravelas in the State of Bahia, Brazil totaling 15,089.71 hectares (~37,300 acres or 58.3 square miles).

What Happened: Energy Fuels has entered into Purchase Agreements with private mineral rights holders in Brazil to acquire the concessions comprising the Bahia Project for $27.5 million in cash.

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