- Consolidated Uranium (CUR) is continuing to make progress as it looks to advance its U.S. projects towards production
- The Toronto-based mineral exploration company acquired the Tony M, Daneros and Rim properties from Energy Fuels in 2021
- The work programs are being planned and implemented in conjunction with Energy Fuels, as the operator of the projects
- The mines are positioned in close proximity to the White Mesa Mill owned and operated by Energy Fuels
- Consolidated Uranium is up 1.13 percent, trading at $2.69 at 11:24 a.m. EST
Consolidated Uranium (CUR) is continuing to make progress as it looks to advance its U.S. projects towards production.
The Toronto-based mineral exploration company acquired the Tony M, Daneros and Rim properties from Energy Fuels in 2021.
The work programs are being planned and implemented in conjunction with Energy Fuels, as the operator of the projects.
They include historic mineral resource confirmation and expansion drilling as well as other activities relating to advancing the projects toward a production ready state.
The mines are positioned in close proximity to the White Mesa Mill owned and operated by Energy Fuels.
Tony M is a large-scale, fully-developed and permitted underground mine that produced nearly one million pounds of U3O8 during two different periods of operation from 1979-1984 and from 2007-2008.
Daneros is a fully developed and permitted underground mine that produced nearly one million pounds of U3O8 during multiple periods of operation, most recently from 2010-2013.
The Rim Vanadium and Uranium Project includes a fully developed and permitted underground mine that was most recently in production in 2009.
“The programs announced today strike the right balance between aggressively exploring and advancing our past-producing uranium and vanadium mines, while being measured and deliberate in our work programs. We view these efforts as important steps toward upgrading historic resources and advancing the projects with the goal of restarting mining when market conditions are right. More importantly, CUR is the only uranium company, other than Energy Fuels, with guaranteed access to the White Mesa mill, the only operating conventional uranium mill in the US. It has been a great experience working with Energy Fuels on designing these programs that could quickly supply feed to the mill, highlighting the benefits of this important partnership for CUR,” said President and COO Marty Tunney.
Consolidated Uranium was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation.
Consolidated Uranium is up 1.13 percent, trading at $2.69 at 11:24 a.m. EST.
