Energy Fuels Planning On Expanding Its Mill In Paradox Valley

Jul 6th @ 5:34 pm in News by Scott Staley

energy fuels

MONTROSE  -  Energy Fuels, Inc., the Canadian company planning to build the Piñon Ridge uranium mill in the Paradox Valley, recently announced its plans to expand and consolidate its uranium and vanadium mines in preparation of the mill’s scheduled 2013 opening.  The Watch explains that during the  the second half of this year, the company’s plans include a summer and fall drill program on properties it currently owns to verify the amount of ore and to assess the viability of expansion.  A company spokespersons says, current market conditions represent a buying opportunity to acquire additional properties that can provide long-term resources to feed the Piñon Ridge uranium mill.  Before construction of the mill gets underway, Energy Fuels must still clear several hurdles, including a legal challenge to the mill’s radioactive materials license approval.
Source: The Watch