Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earths, and critical materials, announced the appointment of Ross R. Bhappu as chief executive officer, effective April 15, 2026. Bhappu, who has served as president since August 2025, brings more than 30 years of leadership experience spanning mining, critical minerals, finance, and international resource development. He succeeds Mark S. Chalmers, who is retiring after more than eight years as CEO and will remain with the company as an exclusive uranium and rare earth consultant for two years.
The leadership change comes at a pivotal time for Energy Fuels, which has been diversifying beyond uranium into rare earth elements (REE), heavy mineral sands, vanadium, and medical isotopes. The company operates the only fully licensed conventional uranium mill in the U.S.—the White Mesa Mill in Utah—where it also produces REE products and evaluates medical isotope recovery for emerging cancer therapies. Additionally, Energy Fuels is developing three heavy mineral sands/rare earths projects: the Vara Mada Project in Madagascar, Bahia Project in Brazil, and Donald Project in Australia (through a joint venture with Astron Limited).
Bhappu's appointment signals a strategic emphasis on expanding Energy Fuels' role in the critical minerals supply chain, particularly as the U.S. seeks to reduce reliance on foreign sources for materials essential to clean energy, defense, and technology. The company has been the top U.S. producer of natural uranium concentrate, supplying nuclear utilities, and its expansion into rare earths positions it to compete in the growing market for magnets used in electric vehicles and wind turbines.
According to the press release, Bhappu's extensive background includes senior roles in mining finance and international resource development, which could help Energy Fuels advance its projects and secure partnerships. The company's shares trade on the NYSE American under the ticker "UUUU" and on the TSX as "EFR." For the latest news and updates relating to UUUU, visit http://ibn.fm/UUUU.
The retirement of Mark Chalmers marks the end of an era during which Energy Fuels solidified its position as a leading U.S. uranium producer and began its transition into a broader critical materials company. Under his leadership, the company acquired and advanced rare earth projects, including the White Mesa Mill's rare earth processing capabilities. Chalmers' continued role as a consultant ensures continuity in the company's uranium and rare earth strategies.
The announcement was disseminated on behalf of Energy Fuels Inc. and may include paid advertising. For more information about Energy Fuels and its projects, refer to the full press release at https://ibn.fm/UakDn.
