Energy Fuels preparing two more US uranium mines for production

In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to increase resources .

This follows hot on the heels of the company starting production in late 2023 at Pinyon Plain, in Arizona, as well as La Sal and Pandora, in Utah. Once production is fully ramped up at these three mines by mid- to late-2024, Energy Fuels will be producing at a run-rate of 1.1-million to 1.4-million pounds a year of uranium oxide.

The additional mines expected to enter production within the next year are Whirlwind, in Colorado, and Nichols Ranch, in Wyoming, These two mines could potentially increase production to a run-rate of more than two-million pounds a year by as early as 2025.

“We have a bullish long-term view of uranium prices, and we are investing to increase production,” said president […]

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