15 December 2020
Share
US company Energy Fuels Inc will become a commercial rare earths supplier in 2021, having entered into a three-year supply agreement to acquire a minimum of 2500 tons per year of natural monazite sands from which it will also recover uranium at its White Mesa mill in Utah. Separately, Vancouver-based International Consolidated Uranium Inc said it had been attracted to its newly announced acquisition of the Laguna Salada uranium project in Argentina by the by-product vanadium.
The White Mesa Mill (Image: Energy Fuels)
Lakewood, Colorado-based Energy Fuels expects to begin processing the monazite sands from Chemours Offerman Mineral Sand Plant in Georgia in the first quarter of 2021. It plans to recover the contained uranium and a marketable mixed rare earth element (REE) carbonate, which it says will be an important step towards re-establishing a fully-integrated American REE supply chain. The amount of REEs contained in the monazite sands to be supplied b
Die Zeit läuft!: MEGA-DEAL eingetütet! Angebots-Sorgen lassen Uranaktien explodieren! Hier wird jetzt richtig Geld verdient! wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.
U3O8 Corp. Enters into Option Agreement to Sell its Laguna Salada Project - First Step in Corporate Restructuring
U3O8 Corp. (
U3O8 or the
Company ) announces that it has entered into an agreement whereby International Consolidated Uranium Inc. (TSXV: CUR) has the option to acquire the Laguna Salada uranium-vanadium deposit in Argentina.
U3O8 Corp. s President & CEO, Dr. Richard Spencer commented, The Board of U3O8 Corp. has mapped out an alternative course for the Company that involves a change in focus that will unfold in due course. The first step in the restructuring is signing today s agreement through which International Consolidated Uranium Inc. ( CUR ) has purchased an option to acquire the Laguna Salada deposit in Argentina. In a short period of time CUR has assembled an impressive portfolio of uranium projects in Canada and Australia. Through the common shares in CUR that the Company will obtain upfront, through option payments, and if the option is exercised, sha
International Consolidated Uranium Acquires the Laguna Salada Uranium and Vanadium Project in Argentina
News provided by
Share this article
CUR or the
Option Agreement ) with U3O8 Corp. (
UWE or the
Vendor ) (TSXV: UWE.H) providing CUR with the option to acquire a 100%, undivided interest, in the Laguna Salada Project (
Laguna Salada or the
Key Points:
Advanced Stage Project – A preliminary economic assessment, published in September 2014, established an annual production of 0.6m lbs of U3O8 and 1m lbs of V2O5 at cash cost of production US$21.63 per pound of U3O8, net of a vanadium by-product credit
Uranium and Vanadium Resources with Growth Potential – An initial resource estimate for uranium and vanadium was published in May 2011 with exploration in other areas showing potential for expansion
Jahresend-Rallye! URAN-AKTIEN!: MEGA-WOCHE für Uranaktien! BULLENMARKT nimmt Fahrt auf! Warum diese Aktie uns alle überraschen wird! TOP BUY! finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.