Energy Fuels Inc. has released the results of an updated Feasibility Study for its 100%-owned Vara Mada project in Madagascar, formerly known as the Toliara Project. The study highlights the project's exceptional economics, featuring a post-tax net present value $(NPV)$ of $1.8 billion and a 24.9% internal rate of return $(IRR)$, with an initial mine life modeled at 38 years. Vara Mada is set to become a major new source of rare earth elements, titanium, and zircon, and is expected to ramp up to over $500 million in annual EBITDA. The company emphasizes its commitment to high standards of health, safety, sustainability, and community development, positioning Vara Mada as a key component in the U.S. and allied supply chains for critical minerals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Fuels Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: TO59076) on January 08, 2026, and is solely responsible for the information contained therein.