David McCasland's questions to Energy Fuels Inc (UUUU) leadership • Q3 2024
Question
David McCasland, an individual investor, asked about the role and importance of a past R&D initiative with 'NanoPowders' and whether it provided a proprietary technological advantage for processing monazite.
Answer
President and CEO Mark Chalmers clarified that the 'nanoscale powders' initiative was an R&D effort that was not pursued. He explained that the company's true competitive advantage is not a secret chemical process but its unique, licensed White Mesa Mill facility, which can handle the radioactivity in monazite, recover the associated uranium, and manage the tailings—a significant barrier for many competitors.