US uranium miner eyes $200m plunge into Astron critical minerals play

By Andrew Duffy

February 12, 2024 — 5.13pm

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Add articles to your saved list and come back to them any time.The owner of the only conventional uranium mill in the United States, Energy Fuels, is proposing to plunge $206 million into Astron Corporation’s Donald project in Victoria that boasts the biggest zircon deposit on the planet and a serious endowment of both light and heavy rare earth elements that is one of the largest outside of China.Mining approvals are in place at the project and the definitive feasibility study just for phase one shows an after-tax NPV (net present value) of a whopping $852 million. Astron Corporation drilling in Victoria. Notably, the project that sits in Victoria’s Murray-Darling Basin about 250km north-west of Melbourne, is expected to spit out $3.87 billion in free cash during its initial […]

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