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 strategic addition to the Energy Fuels leadership team.

The timing of this leadership transition is particularly important given Energy Fuels' crucial 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 be instrumental as the company advances its uranium and rare earth element initiatives.

Energy Fuels' strategic importance is further emphasized by its ownership of the White Mesa Mill in Utah, which holds the distinction of being the only fully licensed and operating conventional uranium processing facility in the United States. This 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 production into healthcare applications. For comprehensive information about Energy Fuels' operations and strategic direction, visit http://www.energyfuels.com.

With global demand for clean energy and critical minerals accelerating, Energy Fuels' strategic initiatives take on heightened significance. The company is actively developing heavy mineral sands projects in strategic locations including Madagascar, Brazil, and Australia. Bhappu's appointment signals the company's commitment to enhancing its leadership capabilities and technical expertise in this competitive and rapidly evolving sector. His background in resource development and financial management positions him to effectively guide the company through its expansion phase while navigating the complex regulatory and market dynamics of the critical minerals industry.