American Strategic Minerals Corp. hopes to get the stateside uranium industry moving


From the Montrose Daily Press (Katharhynn Heidelberg):

Nucla-based American Strategic Minerals Corp. hopes to soon operate eight mines in the Uravan Mineral Belt and eastern Utah. Two of the mines are located in western Montrose County, where Energy Fuels has been fighting to build a uranium and vanadium mill.

AMICOR generated more than $5.3 million in startup costs from gross proceeds of its common stock by selling more than 10.6 million shares at 50 cents per share. The company also has an option agreement with Sagebrush Gold Ltd. for more uranium-producing assets. Sagebrush has properties in California, Wyoming, Arizona and North Dakota and received AMICOR shares in exchange for the uranium assets.

Historic drilling data from the eight mine sites here and in Utah leave Glasier hopeful he can help rebuild the uranium industry in the U.S.

More nuclear coverage here and here.

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