# Energy Fuels and Astron execute definitive agreements for Donald Rare Earth Project JV

Energy Fuels and Astron Corporation Limited have executed definitive agreements to jointly develop the Donald Rare Earth and Mineral Sands Project in Australia. Energy Fuels can invest up to AUD 183 million (approx. USD 122 million) and issue USD 17.5 million in shares for up to a 49% interest. The announcement was made on June 3, 2024.

- Type: Partnership
- Announced: 2024-06-03
- Where: Donald, Victoria, Australia
- Value: $122.0M (183.0M AUD)
- Status: announced
- Capacity: 7,000-14,000 tonnes of monazite sand per year
- Products: rare earth elements, monazite sand, rare earth oxide concentrates
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Astron Limited](https://endata.com/companies/15580.md) (partner)
- [Energy Fuels Inc](https://endata.com/companies/15581.md) (investor)

## Sources

- [investors.energyfuels.com](https://investors.energyfuels.com/2024-06-03-Energy-Fuels-and-Astron-Corporation-Limited-Execute-Definitive-Agreements-to-Jointly-Develop-the-Donald-Rare-Earth-and-Mineral-Sands-Project-in-Australia-Uranium-Production-from-the-Companys-U-S-mines-and-Alternate-Feed-Materials-Continues-to-R), 2024-06-03: "Energy Fuels and Astron Corporation Limited Execute Definitive Agreements to Jointly Develop the Donald Rare Earth and Mineral Sands Project in Australia"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.