Earlier this month, General Motors Co. investors rejected a similar proposal.

The company has become the only uranium producer in the US with multiple production facilities in operation.

Noram's project is within 2 km of Albemarle’s Silver Peak lithium brine mine.

The share auction was organized in Delaware to pay creditors including oil producer ConocoPhillips and miners Rusoro, Crystallex and Gold Reserve.

The sanctions, which target three of Nazar Mohamed's companies as well as a Guyanese government official.

Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one.

The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.

Energy Fuels said this is the first US commercial production of on-spec separated REEs from monazite in decades.