A near-term uranium and vanadium producer, Western Uranium, is focused on advancing toward production at its Sunday Mine Complex located in western Colorado. Over the last few years, it has acquired a significant portfolio of uranium and vanadium mineral assets in Colorado and Utah from both Energy Fuels and Black Range Minerals along with the Hansen/Taylor Ranch Project located in south-central Colorado, reported to be one of the largest uranium deposits in the U.S.
Today, WU is the second largest uranium resource holder in the U.S. behind Energy Fuels with 100 million pounds of uranium resources and 34 million pounds of vanadium resources. These assets include seven permitted mines, of which five are near-production stage.
WU plans to use its Ablation Mining Technology to drastically reduce operation costs. This industry-changing technology is catching the attention of major uranium miners. Currently, the company is working to test uranium ore for a major miner with a large deposit in Africa to determine if the ablation process can improve the economics of the project.
WU highlights:
1. Second largest in-situ holder of uranium resources in the U.S.
2. Uranium off-take agreement with top 5 energy utilities.
3. Exclusive rights to process ore at fully permitted Pinon Ridge Mill.
4. Tolling agreement with Energy Fuels at White Mesa Mill.
5. 25-year license for disruptive ablation mining technology.
6. Ablation mining technology ideal for usage with sandstone-hosted minerals
7. Production at Sunday Mine Complex targeted for Q4 2016
The Sunday mine complex consists of five interconnected underground past-producing mines. Uranium-vanadium mineralization is hosted mainly in fluvial sandstone beds. The complex holds an estimated Measured and Indicated resource of 1,007,830 pounds U3O8 and 6,047,000 pounds V2O5, as well as 1,906,081 pounds of U3O8 and 11,436,484 pounds V2O5, with the potential to host an additional 3 million pounds of U and V, or more.
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Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-