Uranium mine has more than 10 years of life
Ur Energy sees more than 10 years of life in its Lost Creek uranium facility north of Bairoil.
The facility started production in 2013 and has earned more than $25 million in gross revenue from the sale of about 64,000 lbs. of U-308 yellowcake uranium.
Wayne Heili, president and CEO of Ur Energy, said the facility sits on an estimated 13 million pounds of uranium. The mine doesn’t involve traditional mining technology, but utilizes an in situ method of extracting uranium, using native groundwater water to extract diluted uranium.
The facility took several years to complete, partly due to...