Several uranium development companies have put their sights on New Mexico. Two are actively involved in permitting their properties for production. One was the first in about giving a drilling permit, a decade from another awaits a permit to drill. Goods of the company Another is an 800-pound gorilla in the nuclear fuel cycle. Three others have properties or continue to build a land package in New Mexico. The
following is a brief overview of the projects of these uranium
development or exploration companies, currently owns property or
forward.
The leaders are Uranium Resources, Strathmore Minerals and General Atomics. Companies are ahead Laramide Resources and Western Uranium. Companies also look for include Energy Metals, Max Resource Corp and Powertech Uranium. Each has various plans to promote their projects and should be assessed on their merits.
Uranium Resources Inc.
Uranium Resources is the top leader in New Mexico. The company has a great deal of time and money to the Church Rock property allow dedicated. In an interview with Craig Bartels, president of HRI (a wholly owned subsidiary of Uranium Resources), he told us, "We hope that we can begin construction on the property in 2007." The company has authorized numerous obstacles posed by local environmentalists, successfully won every legal battle so far. Its parent company produces about 1 million pounds per year in Texas. Earlier this year, Uranium Resources announced a proposed joint venture company Church Rock property with Japanese conglomerate Itochu Corporation.
Phillips Petroleum made the Church Rock uranium discovery in the 1950s, and later sold the project to United Nuclear (UNC). UNC constructed a mill and mine to the northeast. One HRI property, at Crownpoint, was developed by Mobil Oil as an In Situ Recovery (ISR) project. Earlier work at Crownpoint was done by Westinghouse and Conoco. Phillips developed HRI uranium property at Nose Rock, Kerr-McGee did the original uranium drilling in Roca Honda. Uranium Resources holds about 185,000 acres in the southern San Juan Basin of New Mexico.
By the uranium depression, Uranium Resources was the "lonely man" in New Mexico. Now times have changed. "It's great to have other companies are coming in here," says Bartels. "There is so much uranium, and the national attitude has changed so dramatically in the past year, that there is a genuine excitement about what can be done now." Bartels looks forward to the success of the first uranium projects of the company in New Mexico, Belt on the western end of the Grants Uranium. He explained, "The use of a fairly typical recovery rate of 75 percent for ISR, recovery would be about £ 4.9 million to Chapter 8, and 6.3 million pounds recovered from Chapter 17." Bartels told us he already advertising for workers in the newspapers northwest New Mexico.
Strathmore Minerals Corp.
Strathmore Minerals Corp. controls a number of advanced uranium properties in New Mexico. Most advanced efforts of the company were proceeding with the authorization procedure at the stage Church Rock property. To date, the National Instrument 43-101 resource calculations on two properties, the Church Rock and Roca Honda deposits, totaling nearly 50 million pounds in measured indicated and inferred categories. Historical uranium calculations on other Strathmore properties in New Mexico that are non-compliant with National Instrument 43-101 standards, indicate a similar amount in addition to what has been reported. Strathmore Minerals President and Chief Operating Officer David Miller told us by e-mail, "It's Strathmore intends to be the main producer of uranium in New Mexico to be." The company has approximately C $ 40 million in the bank to promote its projects.
The company has followed the lead of Uranium Resources in the Church Rock area. Miller told us, "There are two ISR projects in various stages of permitting in the Church Rock area, which Strathmore started a year ago." The company has issued press releases updating investors on its permitting progress in New Mexico. In February the company announced that it is on schedule and within the budget allows in the Church Rock uranium property. A mid-April update announced Strathmore was developing its mandatory corporate programs in the permitting process and marched to the authorization phase of the In Situ Recovery process. Depending on when Uranium Resources to the nearby ISR project its final approval to start receiving, Strathmore Minerals should quickly follow with its project. See last part of this article about the company Roca Honda project.
General Atomics
Meet the 800-pound gorilla. Not only is General Atomics in the front-end of the fuel cycle with a uranium mining subsidiary, is a publicly traded company whose interests are widespread across the nuclear fuel cycle. GA is short, and the one used in this industry. Founded in 1955 as a division of General Dynamics, Georgia has more than 20 locations worldwide, manufacturing a variety of high-tech products for commercial and government applications. For example, aviation affiliate manufactures unmanned aircraft, surveillance and radar imaging systems.
GA covers a large part of the nuclear fuel cycle. In Australia, by Heath Gate Resources, the company owns and operates the Beverly ISL mine. His ConverDyn affiliate converts U3O8 to UF6 (uranium hexafluoride), which is the step before uranium enrichment. Another affiliate, the Cotter Corporation, has several uranium properties and a licensed mill near Canon City, Colorado.
General Atomics also owns the largest source of uranium in the United States through its subsidiary, Rio Grande Resources Corporation. The crown jewel of uranium holdings of the company can be found in the Mt. Taylor deposit. Before the project was placed on standby in 1989, more than 8 million pounds U3O8 produced. The transfer shall take place at 3000 meters below the surface with ore grades ranging between 0.15 percent and 2 percent U3O8. During the production of the mine, numbers, average 0.5 percent. Mt. Taylor reportedly contains an in-place resource of more than 100 million pounds of U3O8. GA is reportedly evaluating the deposit for an ISR operation.
Laramide Resources
Laramide Resources has made a strong presence in Australia, but also moving forward with its New Mexico uranium property. The company La Jara Mesa deposit is located about 12 miles outside of Grants, within the San Mateo Mountains, near Mt. Taylor. Homestake had previously operated a mill in the district. Work was first started in the La Jara Mesa area in the 1950s. Homestake drilled 86 holes between 1967 and 1971 and left the property after a few high-grade intersections. After the property changed hands in the 1970s and 1980s, a discovery hole was drilled in 1980. Power Resources (now Cameco Corp subsidiary) drilled more than 500 holes. Homestake again the project in 1983 and completed metallurgical testing on the drill core. Homestake also completed a mining plan and feasibility study on the Dena Rich deposit, but stopped all work after the uranium price crashed.
In an interview with Laramide Resources Chief Executive Marc Henderson, he told us, "The La Jara Mesa property can be the key piece of the puzzle to be," referring to the Ambrosia Lake district. "It's the easiest production scenario and the easiest access," said Henderson. Website of the company reports the project has a resource of approximately 7 million pounds U308 (not compatible with National Instrument 43-101). The U.S. Forest Service is now awaiting public comments on the proposal by Laramide to ten tests to drill holes about 600 meters deep, exploration to confirm the 1980 findings.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors.
The leaders are Uranium Resources, Strathmore Minerals and General Atomics. Companies are ahead Laramide Resources and Western Uranium. Companies also look for include Energy Metals, Max Resource Corp and Powertech Uranium. Each has various plans to promote their projects and should be assessed on their merits.
Uranium Resources Inc.
Uranium Resources is the top leader in New Mexico. The company has a great deal of time and money to the Church Rock property allow dedicated. In an interview with Craig Bartels, president of HRI (a wholly owned subsidiary of Uranium Resources), he told us, "We hope that we can begin construction on the property in 2007." The company has authorized numerous obstacles posed by local environmentalists, successfully won every legal battle so far. Its parent company produces about 1 million pounds per year in Texas. Earlier this year, Uranium Resources announced a proposed joint venture company Church Rock property with Japanese conglomerate Itochu Corporation.
Phillips Petroleum made the Church Rock uranium discovery in the 1950s, and later sold the project to United Nuclear (UNC). UNC constructed a mill and mine to the northeast. One HRI property, at Crownpoint, was developed by Mobil Oil as an In Situ Recovery (ISR) project. Earlier work at Crownpoint was done by Westinghouse and Conoco. Phillips developed HRI uranium property at Nose Rock, Kerr-McGee did the original uranium drilling in Roca Honda. Uranium Resources holds about 185,000 acres in the southern San Juan Basin of New Mexico.
By the uranium depression, Uranium Resources was the "lonely man" in New Mexico. Now times have changed. "It's great to have other companies are coming in here," says Bartels. "There is so much uranium, and the national attitude has changed so dramatically in the past year, that there is a genuine excitement about what can be done now." Bartels looks forward to the success of the first uranium projects of the company in New Mexico, Belt on the western end of the Grants Uranium. He explained, "The use of a fairly typical recovery rate of 75 percent for ISR, recovery would be about £ 4.9 million to Chapter 8, and 6.3 million pounds recovered from Chapter 17." Bartels told us he already advertising for workers in the newspapers northwest New Mexico.
Strathmore Minerals Corp.
Strathmore Minerals Corp. controls a number of advanced uranium properties in New Mexico. Most advanced efforts of the company were proceeding with the authorization procedure at the stage Church Rock property. To date, the National Instrument 43-101 resource calculations on two properties, the Church Rock and Roca Honda deposits, totaling nearly 50 million pounds in measured indicated and inferred categories. Historical uranium calculations on other Strathmore properties in New Mexico that are non-compliant with National Instrument 43-101 standards, indicate a similar amount in addition to what has been reported. Strathmore Minerals President and Chief Operating Officer David Miller told us by e-mail, "It's Strathmore intends to be the main producer of uranium in New Mexico to be." The company has approximately C $ 40 million in the bank to promote its projects.
The company has followed the lead of Uranium Resources in the Church Rock area. Miller told us, "There are two ISR projects in various stages of permitting in the Church Rock area, which Strathmore started a year ago." The company has issued press releases updating investors on its permitting progress in New Mexico. In February the company announced that it is on schedule and within the budget allows in the Church Rock uranium property. A mid-April update announced Strathmore was developing its mandatory corporate programs in the permitting process and marched to the authorization phase of the In Situ Recovery process. Depending on when Uranium Resources to the nearby ISR project its final approval to start receiving, Strathmore Minerals should quickly follow with its project. See last part of this article about the company Roca Honda project.
General Atomics
Meet the 800-pound gorilla. Not only is General Atomics in the front-end of the fuel cycle with a uranium mining subsidiary, is a publicly traded company whose interests are widespread across the nuclear fuel cycle. GA is short, and the one used in this industry. Founded in 1955 as a division of General Dynamics, Georgia has more than 20 locations worldwide, manufacturing a variety of high-tech products for commercial and government applications. For example, aviation affiliate manufactures unmanned aircraft, surveillance and radar imaging systems.
GA covers a large part of the nuclear fuel cycle. In Australia, by Heath Gate Resources, the company owns and operates the Beverly ISL mine. His ConverDyn affiliate converts U3O8 to UF6 (uranium hexafluoride), which is the step before uranium enrichment. Another affiliate, the Cotter Corporation, has several uranium properties and a licensed mill near Canon City, Colorado.
General Atomics also owns the largest source of uranium in the United States through its subsidiary, Rio Grande Resources Corporation. The crown jewel of uranium holdings of the company can be found in the Mt. Taylor deposit. Before the project was placed on standby in 1989, more than 8 million pounds U3O8 produced. The transfer shall take place at 3000 meters below the surface with ore grades ranging between 0.15 percent and 2 percent U3O8. During the production of the mine, numbers, average 0.5 percent. Mt. Taylor reportedly contains an in-place resource of more than 100 million pounds of U3O8. GA is reportedly evaluating the deposit for an ISR operation.
Laramide Resources
Laramide Resources has made a strong presence in Australia, but also moving forward with its New Mexico uranium property. The company La Jara Mesa deposit is located about 12 miles outside of Grants, within the San Mateo Mountains, near Mt. Taylor. Homestake had previously operated a mill in the district. Work was first started in the La Jara Mesa area in the 1950s. Homestake drilled 86 holes between 1967 and 1971 and left the property after a few high-grade intersections. After the property changed hands in the 1970s and 1980s, a discovery hole was drilled in 1980. Power Resources (now Cameco Corp subsidiary) drilled more than 500 holes. Homestake again the project in 1983 and completed metallurgical testing on the drill core. Homestake also completed a mining plan and feasibility study on the Dena Rich deposit, but stopped all work after the uranium price crashed.
In an interview with Laramide Resources Chief Executive Marc Henderson, he told us, "The La Jara Mesa property can be the key piece of the puzzle to be," referring to the Ambrosia Lake district. "It's the easiest production scenario and the easiest access," said Henderson. Website of the company reports the project has a resource of approximately 7 million pounds U308 (not compatible with National Instrument 43-101). The U.S. Forest Service is now awaiting public comments on the proposal by Laramide to ten tests to drill holes about 600 meters deep, exploration to confirm the 1980 findings.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors.
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