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Show Energy Fuels Announces flew Uranium Plans Energy Fuels, Inc., is now operating uranium ore buying . stations in Hanksville and Blanding, according to a company com-pany announcement. The stations are the first of a 2-phase program to revive uranium mining in southeastern southeast-ern Utah and to develop uranium uran-ium potential in Blanding and Hanksville, said Robert W. Adams, the company's founder. found-er. j He said the second phase will be an exploration program prog-ram that will cost nearly $2 million in 1977. "The operating plans call for stockpiling the purchased ores at Hanksville and Blanding Bland-ing until production in the districts reaches a level to justify construction of a processing proc-essing mill at either location," he said. The company was encouraged encour-aged to undertake uranium development in Utah because of the rising demand and higher prices for uranium ore. Energy Fuel's uranium buying buy-ing rates at the Utah stations in December, 1976, showed they were nearly 4 times greater than in 1966 when the ' Atomic Energy Commission was purchasing uranium ore, said Adams. Company officials feel the higher prices now make profitable prof-itable many small mines with low-grade ore reserves. Preliminary planning in the Hanksville area indicates a . volume of 3,000 to 6,000 tons of ore a month can be generated generat-ed through purchase agreements agree-ments with existing mines in 1977. Future plans are to augment aug-ment that production with up to 15,000 to 20,000 tons a month from additional ore purchases and from mines the company hopes to develop through its own exploration program. The Blanding operations plan calls for the purchase of 6,000 to 8,000 tons a month during 1977 and additional purchases contributing 25,000 to 30,000 tons a month, according ac-cording to Adams. |