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 in the U.S. energy landscape. 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.

Energy Fuels' strategic importance is further underscored by its ownership of the White Mesa Mill in Utah, the only fully licensed and operating conventional uranium processing facility in the United States. This unique facility not only processes uranium but also produces advanced rare earth element products and vanadium oxide. Additionally, the mill is exploring the recovery of medical isotopes for cancer treatments, expanding its contribution beyond energy to healthcare applications. For comprehensive information about the company's operations and strategic direction, visit http://www.energyfuels.com.

With global demand for clean energy and critical minerals accelerating, Energy Fuels' strategic initiatives gain increased relevance. The company is developing heavy mineral sands projects in multiple international locations, including Madagascar, Brazil, and Australia. These projects represent significant opportunities for growth in the critical minerals sector, which is essential for various technologies including renewable energy systems, electric vehicles, and advanced electronics. Bhappu's appointment signals the company's commitment to strengthening its leadership capabilities during this period of rapid sector evolution and increased competition for critical resources.