From the Denver Business Journal (Caitlin Hendee):
Energy Fuels, which previously had plans to build the nation’s first new uranium mill in 30 years, sold its Piñon Ridge license and several other assets in Western Colorado.
The Toronto, Canada-based company (TSE: EFR) that has an office in Lakewood bought a large quantity of land in the western part of the state almost five years ago.
Colorado in May gave the mill the required “radioactive materials handling” license, but company spokesperson Curtis Moore told the DBJ that Energy Fuels wouldn’t begin construction until “market conditions warrant.”The company would also need an “air permit” from the Colorado Department of Public Health and Environment (CDPHE) to begin the $150 million project.
The mill has been an area of hot debate for environmental activists, who in March sued the U.S. Forest Service to stop the government from allowing the mill to be built near the Grand Canyon in Arizona.
Energy Fuels instead diverted plans to build it in Montrose County.
But the company said it has entered into agreements to sell the license and the Piñon Ridge mill to a private investor group managed by Baobab Asset Management LLC and George Glasier.
Glasier served as president from 2006 until March of 2010.
The company said the sale also includes mining assets — such as the Sunday Complex, the Willhunt project, the Sage Mine, the Van 4 mine, the Farmer Girl project, the Dunn project and the San Rafael project — all located along the Colorado-Utah border.