The Vara Mada Project
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Over the years
2019
Environmental and social studies completed
The project obtained its environmental permit following a full Environmental and Social Impact Assessment (ESIA), establishing a first framework for responsible development.
2020–2023
Technical studies and project development
During this period, technical, environmental and project design work continued to refine the project and prepare for its long-term development.
2024
New ownership and project reset
Energy Fuels acquired the project and initiated a new phase, strengthening governance, aligning with international standards and placing dialogue with communities at the center of the approach.
The Next Steps
2026–2027
Final approvals and preparation
Finalisation of the investment agreement and updated environmental studies, alongside continued technical work and community engagement.
2028–2030
Construction and start of operations
Construction phase followed by the progressive start of operations, once all regulatory and environmental conditions are fully met.
How does it work
Low-impact extraction
Mineral sands are extracted without explosives or chemicals, using methods designed to limit environmental impact.
Natural separation processes
Minerals are separated using gravity and magnetic processes, avoiding chemical transformation and reducing risk of contamination.
Progressive land rehabilitation
After extraction, land is restored step by step, allowing it to be returned to productive use within a few years.
Location
The Vara Mada project is located in the Atsimo-Andrefana region, near Toliara in southern Madagascar.
The project operates within a defined and regulated perimeter, taking into account nearby communities, ecosystems and environmental constraints.
Project Hightlights
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