Ur-Energy Inc. Announces the State of Wyoming and the EPA Completed Their Respective Reviews of the Shirley Basin in Situ Uranium Project
May 06, 2021 at 05:18 am EDT
Share
Ur-Energy Inc. announced that the State of Wyoming and the EPA have completed their respective reviews of the Shirley Basin In Situ Uranium Project and have issued the final Source and Byproduct Material License, Permit to Mine, and Aquifer Exemption for the Project. These three approvals represent the final major permits required to begin construction of the Shirley Basin project. The company received BLM final approval of the Project, following its NEPA review process, in April 2020. In addition to the recent receipt of a License Amendment to include the LC East and KM amendment areas in existing Lost Creek license, these Shirley Basin license and permit approvals effectively double authorized Wyoming-based uranium recovery production capacity. The Shirley Basin Project hosts 8.8M pounds of Measured and Indicated Uranium Resources contained in 1.915M short tons at an average grade of 0.23% U3O8 as disclosed in Preliminary Economic Assessment Shirley Basin Uranium Project (January 27, 2015). The Company plans three relatively shallow mining units at the Project, where the company have the option of either building out a complete processing plant with drying facilities or a satellite plant with the ability to send loaded ion exchange resin to Lost Creek Project for processing. The Shirley Basin processing facility throughput shall not exceed an average daily flow rate equivalent to 6,000 gallons per minute or a maximum instantaneous flow rate of 6,500 gallons per minute, excluding restoration flow. The annual production of dried yellowcake (U3O8) from wellfield production and toll processing of loaded resin or yellowcake slurry shall not exceed 2M pounds equivalent of dried U3O8 product. The brownfield Project is within an historic mining district with existing access, power, waste disposal facility and shop buildings onsite. The Project is construction ready, since delineation and exploration drilling were completed historically. Additionally, all wellfield, pipeline and header house layouts are finalized. Historic production from the Shirley Basin mine, including 1.5M pounds U3O8 from in situ mining, was 28.3M pounds U3O8.
Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.