Published: August 1, 2025 |

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Ross Bhappu
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Energy Fuels has appointed Ross Bhappu as president. Mark Chalmers, who is currently the president and chief executive officer and a director of the company, will continue in his role as CEO and director.

“We are delighted to welcome Ross to the Energy Fuels team. Ross has more than 35 years of experience in mining and private equity, including nearly 25 years with Resource Capital Funds, where he provided both technical and financial evaluation and support in project identification, analysis, development, valuation, project finance, mergers, and acquisitions and sourcing of capital from private and public markets exclusively for the mining and minerals sector,” said Mark Chalmers, CEO.

“I look forward to working with Ross in his role as president and the additional skill sets he brings to the team,” added Chalmers.

Ross Bhappu completed his Ph.D degree in Mineral Economics at the Colorado School of Mines and B.S. and M.S. degrees in Metallurgical Engineering at the University of Arizona. He began his professional career with Cyprus Minerals Company in Denver and Miami, Arizona before joining Newmont Mining Corporation in Denver. Bhappu served in both technical and financial roles with both companies. He gained substantial expertise in copper concentrate marketing while at Newmont and served as CEO of GTN Copper Corporation for three years with a focus on acquiring and redeveloping the Cyprus Tahono Copper Project (formerly known as Lakeshore) in Arizona prior to joining Resource Capital Funds in 2001. During his tenure at Resource Capital Funds, Bhappu was instrumental in the acquisition of Mountain Pass, the only operating rare earth mine in the U.S. and the recreation of Molycorp, where he served as chairman from 2008-2013.

Energy Fuels is a leading US-based critical minerals company, focused on uranium, REEs, heavy mineral sands (HMS), vanadium and medical isotopes. The company has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy and owns and operates several conventional and in-situ recovery uranium projects in the western United States. The company also owns the White Mesa Mill (the Mill) in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States. At the Mill, the company also produces advanced REE products, vanadium oxide, and is evaluating the recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments. The company also owns the Kwale HMS project in Kenya which ceased mining and commenced final reclamation activities at the end of 2024, and is developing three additional HMS projects: the Toliara Project in Madagascar; the Bahia Project in Brazil; and the Donald Project in Australia in which the company has the right to earn up to a 49 percent interest in a joint venture with Astron Corporation. The company is based in Lakewood, Colorado, near Denver, with its heavy mineral sands operations managed from Perth, Australia.

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