Energy Fuels Inc. announced the appointment of Jeffrey Olsen to its Board of Directors. Olsen, an executive in the mining industry, will also serve as a Financial Expert on the company's Audit Committee.
Olsen has decades of experience in the global mining and industrial sectors. He previously held senior leadership roles at Boart Longyear Group and Rio Tinto. Between 2016 and 2024, he served as President and Chief Executive Officer of Boart Longyear, having previously served as the company's Chief Financial Officer from 2014 to 2016. During his time at Boart Longyear, he led the strategic repositioning and restructuring of the global mining services and equipment company, including efforts to advance technology-enabled drilling and orebody intelligence capabilities and strengthen the capital structure.
Prior to his time at Boart Longyear, Olsen spent 18 years with Rio Tinto in various senior financial and commercial positions. These roles included serving as Chief Commercial Officer of Rio Tinto Iron & Titanium, Chief Financial Officer of Rio Tinto Minerals, and Chief Financial Officer of Rio Tinto Borax. His earlier career included financial and business evaluation roles with Kennecott Utah Copper, General Chemical Corporation, and Xerox Corporation.
Ross Bhappu, President and Chief Executive Officer of Energy Fuels, stated that Olsen brings an exceptional combination of mining industry leadership, financial expertise, and commercial experience to the Board. Bhappu noted that Olsen's experience managing complex capital structures and working across global commodity markets will be relevant as Energy Fuels executes its strategy and grows its critical materials businesses.
Olsen currently serves as a non-executive director for Dyno Nobel Ltd., a global explosives and blasting solutions company. He also serves on the board of Savage Companies, a Utah-based logistics and industrial services company, where he chairs the Audit Committee. Olsen holds a Bachelor of Arts degree from the University of Utah and an MBA from the University of Rochester.
Energy Fuels is a U.S.-based critical materials company focused on vanadium, uranium, rare earth elements, medical isotopes, and heavy mineral sands. The company owns the White Mesa Mill in Utah, which is the only operating and fully licensed conventional uranium processing facility in the United States. Energy Fuels trades on the NYSE American under UUUU, the Toronto Stock Exchange under EFR, and through CHESS Depositary Interests on the ASX under EF2.
