Click the link to read the article on The Land Desk website (Jonathan P. Thompson):
January 26, 2024
⛏️Mining Monitor ⛏️
The uranium-mining buzz is reaching a fevered pitch lately as uranium prices climb above $100 per pound, the highest since October 2007. I already reported on Energy Fuels’ intent to begin or resume production at its Pinyon Plain and La Sal complex mines. But nearly every day another press release lands in my inbox touting a big find or big plans somewhere on the Colorado Plateau.
Let’s start with the headline that irks me the most: “Churchrock could pump out 31 million lb of US uranium over three decades, Laramide PEA shows.” On its surface, this one looks like just another attempt to drive up share prices. And it probably is. But it’s the location and the name that gets to me: The project is just a couple of miles from the 1979 Church Rock disaster, when a uranium mill tailings dam failed, sending 94 million gallons of acidic liquid raffinate and 1,100 tons of uranium mill tailings rushing down the Puerco River and across the “checkerboard” area of the Navajo Nation. The slug of material, containing an estimated 1.36 tons of uranium and 46 trillion picocuries of gross-alpha activity, continued past Gallup and down the Puerco for another 50 miles or more, seeping into the sandy earth and the aquifer as it went, and leaving behind stagnant and poisonous pools from which livestock drank.
It seems like an appropriate site for a memorial, warning about the potential dangers of mining and energy development. But a new mine? I’m afraid so. For years, Hydro Resources worked to build an in-situ recovery operation there (and at another site closer to Crownpoint). ISR is a form of mining in which a solution is pumped underground to dissolve the uranium ore and then it’s pumped back out and processed. As one might expect, area residents, the Navajo Nation, and environmental advocates pushed back on the proposal.
Last year Laramide bought the project from Hydro Resources and is now looking to jumpstart it. I doubt it will come without a fight. In other mining news:
It seems like an appropriate site for a memorial, warning about the potential dangers of mining and energy development. But a new mine? I’m afraid so. For years, Hydro Resources worked to build an in-situ recovery operation there (and at another site closer to Crownpoint). ISR is a form of mining in which a solution is pumped underground to dissolve the uranium ore and then it’s pumped back out and processed. As one might expect, area residents, the Navajo Nation, and environmental advocates pushed back on the proposal.
Last year Laramide bought the project from Hydro Resources and is now looking to jumpstart it. I doubt it will come without a fight. In other mining news:
- Laramide is busy these days: They also recently announced the U.S. Forest Service has restarted the environmental review and permitting process for the company’s proposed La Jara Mesa project north of Grants, New Mexico. During the uranium industry’s last “renaissance” (lasting from 2007 to 2011), Laramide looked to open an underground mine on Cibola National Forest land. They made it as far as a draft environmental impact statement, released in 2012, before low uranium prices stalled the project.
- Nexus Uranium says it will begin exploratory drilling on its Wray Mesa claims near La Sal, Utah, on the northern edge of the Lisbon Valley.
- Anfield’s subsidiary, Highbury Resources, acquired another 12 Department of Energy uranium leases from Gold Eagle Mining in the Uravan Mineral Belt in western Colorado. The tracts are near Slickrock, on Monogram Mesa south of the Paradox Valley, and near Uravan. Anfield also says it plans to reopen the Shootaring uranium mill near Ticaboo, Utah, although it appears to have made little progress in that regard.
- Thor Energy says it has found high-grade uranium at its Wedding Bell and Radium Mountain projects on a mesa just east of the Dolores River in western Colorado.
- Kraken Energy got the Bureau of Land Management’s go-ahead to drill on Harts Point, right along the northeast border of Bears Ears National Monument in Utah. This is the second time the company (or its partners Atomic Minerals and Recoupment Exploration) have purportedly received a drilling permit for the slickrock peninsula adjacent to the Indian Creek climbing area. The first time the company failed to come up with a reclamation bond and the permit was cancelled.
- Australia-based Okapi Resources is set to begin exploratory drilling near Cañon City, Colorado, raising concerns among the locals.
- And, perhaps the only big buzz in the lithium space right now (lithium prices are in the dumps): American Battery Metals is pushing its Lisbon Valley lithium project. Well, that is to say they are looking to get exploratory drilling permitted.
- Explore the above projects and more on the Land Desk Mining Monitor Map.
