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 strategy, with Mark S. Chammers 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.

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 crucial role as the company advances its uranium and rare earth initiatives.

Energy Fuels' strategic importance is further emphasized by its ownership of the White Mesa Mill in Utah, which represents the only fully licensed and operating conventional uranium processing facility in the United States. This facility serves multiple critical functions beyond uranium processing, including production of advanced rare earth element products and vanadium oxide. The mill is also exploring the recovery of medical isotopes for cancer treatments, potentially expanding its contribution to both energy and healthcare sectors.

With global demand for clean energy and critical minerals accelerating, Energy Fuels' strategic initiatives take on added significance. The company's development of heavy mineral sands projects in locations including Madagascar, Brazil, and Australia positions it to meet growing market needs. The appointment of Bhappu signals the company's commitment to strengthening leadership capabilities during this period of expansion and increased competition in the critical minerals sector. More information about Energy Fuels' operations and projects can be found at http://www.energyfuels.com.

Bhappu's background in private equity and mining finance brings valuable perspective to Energy Fuels' leadership team as the company navigates complex global markets and investment opportunities. His experience with Resource Capital Funds, where he focused on mining investments and project development, aligns with Energy Fuels' growth objectives in both domestic and international markets. This leadership enhancement comes at a time when secure supply chains for critical minerals and nuclear fuel have become national priorities for many countries, including the United States.