Investing In Uranium TO.EFR ~ Uravan Mineral Belt Colorado

Uranium In Utah
The Piñon Ridge Millis a key component of Energy Fuels’ vertical integration strategy. This new facility will process uranium andvanadium ore from area mines and produce uranium oxide (also known as “yellowcake”) and vanadium pentoxide. Utilizing
modern technologies and operating under a stringent regulatory environment, the Piñon Ridge Mill will be the first conventional uranium
mill built in the US in 30 years. When finished, the Piñon Ridge Mill will be one of only two uranium mills operating in the US. The
start-up of the Piñon Ridge Mill is anticipated in 2012 or 2013.
Annual Cashflow Chart
Annual Balance Sheet Chart

Enter your email address:

Delivered by FeedBurner

Energy Fuels acquired the property for the Piñon Ridge Mill in July of 2007. The site was selected, because it is very suitable for a new uranium mill. It is in the heart of the Uravan Mineral Belt, a historically significant uranium producing area. In fact, there
are a number of recently producing mines within sight of the mill. The Piñon Ridge Mill is also located several miles from any
population centers. Indeed, the nearest fulltime resident lives about 3-miles away. Lastly, the geology of the site is very suitable fo
r a mill, underlain by deep salt formations and tiny quantities of isolated low-quality groundwater, laden with naturally-occurring
uranium, salt, and other minerals.
Location 12 miles west of Naturita, Montrose County, Colorado on Colo. Hwy. 90 in the heart of the Uravan Mineral Belt
Land Position 880 acres owned in fee by Energy Fuels
Licensed Capacity 500 tons per day (175,000 tons per year) producing 850,000 lbs./yr. U3O8 and 3,700,000 lbs./yr. V2O5
Expansion Potential 1000 tons per day (350,000 tons per year)
Water Source Well field developed by Energy Fuels with back-up for full requirement committed for purchase by the Town of Naturita
Permit Status Special Use Permit unanimously approved by Montrose Count Board of County Commissioners
License Status Colorado Department of Public Health & Environment (CDPHE) granted Final Radioactive Materials License to Energy Fuels on March 7, 2011
Tailings Capacity 40 years at 500 tpd
Target Start-up 2012

Piñon Ridge Mill Map
Piñon Ridge Mill Map

Get Our Updates

Enter your email address:

Delivered by FeedBurner

Vanadium Mining Companies

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: +1 (from 1 vote)
Investing In Uranium TO.EFR ~ Uravan Mineral Belt Colorado, 5.0 out of 5 based on 1 rating

About the Author

VanadiumSite.com offers insight into the world of vanadium, a metal that is becoming increasingly important for its role in new and more powerful types of batteries and strengthening steel up to 100%. The vanadium market is on the verge of eruption, and private, commercial and industrial investors need clear, precise and up-to-the-minute news and information about vanadium and vanadium redox batteries.