Market-Driven Revival of Uranium Production Increased Activity in Wyoming’s Uranium Industry:
Higher uranium prices and successful sales contracting have driven the restart of three in-situ recovery (ISR) mines, signaling renewed confidence in Wyoming’s uranium industry:
• Ur-Energy’s Lost Creek ISR Mine: Production was restarted in 2023 and scaled up through 2024. Production area is licensed for 1.2 million lbs of yellowcake per year; the Central Processing Plant (CPP) is licensed for 2.2 million lbs/year. 103,399 lbs of yellowcake were drummed in early 2024.
• Uranium Energy Corp’s (UEC) Christensen Ranch ISR Mine and Irigaray CPP: Production was restarted in August 2024. Christensen Ranch is licensed for 1.3 million lbs of yellowcake per year; the Irigaray CPP is licensed for 4 million lbs/year. Uranium from Christensen Ranch is processed at the Irigaray CPP.
• Strata Energy’s Lance ISR Mine: The mine is licensed for 3 million lbs of yellowcake per year. Facility upgrades are underway to expand capacity from 800,000 lbs to 2 million lbs per year. Wellfields and existing facilities have been converted to the low-pH ISR method. Wyoming’s uranium industry sees growth through facility upgrades, asset acquisitions, wellfield development, and exploration.
• Drilling at Energy Fuels’ Nichols Ranch ISR Mine: The project is fully licensed and permitted, with a capacity of 2 million lbs of yellowcake per year. It has past production but has been in standby mode since 2020. Drilling was conducted in 2024 for future wellfields.
• Ur-Energy’s Shirley Basin ISR Project: The project is in the development and construction phase, fully licensed and permitted with a capacity of 1 million lbs of yellowcake per year. Uranium will be transported to the Lost Creek CPP for processing.
• Uranium Energy Corp Acquisitions: UEC acquired Rio Tinto assets, including the Sweetwater Mill, which has a capacity of 4.1 million lbs of yellowcake per year. This acquisition doubled UEC’s leased and claimed area in the Great Divide Basin and Green Mountain region.
These developments underscore the growing momentum of Wyoming’s uranium production, driven by favorable market conditions and enhanced production capacities at key ISR sites.
Managed & Built by I2M Consulting, LLC | © 2010-
