Energy Fuels Inc., a US-based critical minerals company, has announced the acquisition of Base Resources Limited, making it the 100% owner of the Toliara Project in southwest Madagascar. Now referred to as the Earths Project, the operation is centered on the Ranobe deposit and is set to become a major producer of uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The updated feasibility study outlines an initial 12.6 million tonnes per annum (Mtpa) mining operation, expanding to 25.0 Mtpa in its fourth year, with significant supporting infrastructure including processing plants and an export facility. The project is poised to supply key minerals to global markets, with ongoing efforts to secure offtake agreements and explore joint venture and government-backed funding options.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-000229), on January 13, 2026, and is solely responsible for the information contained therein.