Energy Fuels' Donald rare earth project gains conditional financing approval for up to A$180 million
UUUU•Energy Fuels secured conditional financing of up to A$180 million for Australia's Donald rare earth and mineral sands project, as part of a proposed A$200 million senior project finance debt facility. A final investment decision on its joint venture with Astron is targeted by the end of 2026.
1. Conditional project financing
Export Finance Australia and the National Reconstruction Fund Corporation made commitments for up to A$180 million as part of a proposed A$200 million senior project finance debt facility for the Donald project. Completion depends on definitive documentation, satisfactory due diligence, remaining commercial debt funding and final approvals.
2. Planned production
A final investment decision on the joint venture with Astron is targeted by the end of 2026. Phase 1 is expected to produce approximately 9,000 tonnes of rare earth concentrate annually, feeding Energy Fuels' mine-to-magnet supply chain.
