(Associated Press, July 28) – A Colorado mining company says it has identified more than 8.8 million pounds of uranium at a site it recently acquired in Wyoming’s Shirley Basin.
Ur-Energy of Englewood, Colorado, said the uranium is at an average depth of 312 feet.
Ur-Energy Vice President of Geology Jim Bonner said the uranium is high-grade.
The company took control of several mines including the Shirley Basin site when it acquired Pathfinder Mines Corp. in December.
Shirley Basin had been an open-pit mine until operations were suspended in the 1990s because of low uranium prices.
Ur-Energy plans to use a technique that dissolves the ore in place and pumps it to the surface to be refined.