Energy Fuels Wins A$180M Conditional Backing for Donald Rare Earths
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DENVER – October 27, 2026 -- Export Finance Australia (EFA) and the National Reconstruction Fund Corporation (NRFC) have conditionally approved up to A$180 million (US$126 million) for Energy Fuels' Donald Rare Earth and Mineral Sands Project in Victoria, Australia. The commitment is part of a proposed A$200 million senior project finance debt facility for Phase 1 construction. Energy Fuels now targets a final investment decision (FID) by the end of 2026.
Government lenders cover A$180 million of the A$200 million debt package
The facility comprises up to A$70 million from EFA and up to A$110 million from NRFC. Commercial lenders are expected to provide the remaining A$20 million. The EFA and NRFC tranches carry a 10-year tenor from financial close, with interest priced at BBSY plus a margin.