Explorer Files Maiden PEA for Wyoming ISR Uranium Project News Update

Explorer Files Maiden PEA for Wyoming ISR Uranium Project News Update

British Columbia-based uranium explorer and developer Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) , announced in a news release that "it has filed its National Instrument 43-101 (NI 43-101) independent technical report and preliminary economic assessment (PEA) on its Gas Hills In-Situ Recovery Uranium project in Wyoming, U.S., following the company’s press release dated June 29, 2021."

Azarga Uranium stated that it is now concentrating its collective efforts on growing the ISR-amenable resources at the Gas Hills Project and moving forward to the final stages of the permitting process.

The company indicated that the Gas Hill PEA calls for a total of 6.5 million pounds of U3O8 production over the course of 7 years with production being spread out fairly evenly at a rate of about 1.0 million pounds annually.

The PEA forecasts that the initial capital expenditures required for the Gas Hills ISR Project will total around US$26.0 million. The project is expected […]

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