Energy Fuels Completes Transaction With Uranium One for Acquisition of Key Uranium Resource Acreage at Whirlwind Mine; Adds 6600 Acres of Prospective Acreage in DOE Uranium Lease Auction
Energy Fuels Inc. (TSX:EFR) - Whirlwind Mine Resource Acquisition from Uranium One
Energy Fuels (TSX:EFR) has completed the acquisition from Uranium One of a Utah State uranium lease consisting of 320 acres in Grand County, Utah (\"Section 16\"). Section 16, surrounded on all sides by acreage currently controlled by Energy Fuels as part of the Whirlwind mining property, is a strategic fit with the Whirlwind mining plan. This lease brings the total acreage at Whirlwind owned or controlled by Energy Fuels to 4,750 contiguous acres.
Significant potential resource is indicated on Section 16 by the many historic mine workings on the adjoining Whirlwind claims heading directly toward it. The Whirlwind Mine is currently developed to less than 400 ft. from the Section 16 boundary.
- Published: 29 May 2008
- Written by Editor