Energy Fuels Secures AU$180 Million in Funding Commitments for Donald Rare Earth Project in Australia

07:25 AM EDT, 10/27/2026 (MT Newswires) -- Energy Fuels (EFR.TO) secured conditional funding commitments of up to AU$180 million from Australia to advance the Donald rare earth and mineral sands project in Australia, the company said late Monday. The Australian government-backed Export Finance Australia and National Reconstruction Fund financing institutions conditionally approved the funds as part of a proposed AU$200 million senior project finance debt facility. The funds are expected to help Energy Fuels bring the project into production, with a final investment decision now targeted by the end of 2026. "Donald is expected to provide a large-scale, long-term source of monazite and xenotime sand feedstock, further distinguishing Energy Fuels as we develop a vertically integrated, Western-aligned supply chain for rare earth permanent magnets," said Ross Bhappu, president and chief executive officer of Energy Fuels.