A mining company has announced its next steps and timeframe for start uranium mining in New Mexico. Uranium Resources, Inc. (URI) hopes to begin manufacture by 2013, subject to financing, uranium prices, and final permits being issued by New Mexico and the Nuclear Regulatory Commission. If the company stays on path, this would be the first uranium mining in the state since the business closed up shop in the 1980s. But the continuation of uranium mining in New Mexico is a touchy subject because of health and environmental concerns.
“Our release Plan from the New Mexico Environmental Department (NMED) and our Source Material authorize from the Nuclear Regulatory Commission (NRC) are both in judicious renewal status. We will be meeting with the suitable state and federal agencies over the next some weeks to discuss next steps,” said Don Ewigleben, President and CEO of URI. “URI’s aim is to be in a position to begin uranium production in New Mexico by the first half of 2013, assuming the regeneration processes move forward in a timely manner.
A recovery in uranium prices and the accessibility of financing for the necessary capital expenditures to build the infrastructure,” Ewigleben continued. The company owns 183,000 acres of mineral holdings in New Mexico, which include 101.4 million pounds of uranium. Its present NRC license allows it to mine one million pounds of uranium. The part 8 portion of the NRC licensed area contains 6.5 million pounds of the mineral. Churchrock is about six miles east of Gallup and while not on Navajo condition land, has a population that is crushingly Navajo.
“Our release Plan from the New Mexico Environmental Department (NMED) and our Source Material authorize from the Nuclear Regulatory Commission (NRC) are both in judicious renewal status. We will be meeting with the suitable state and federal agencies over the next some weeks to discuss next steps,” said Don Ewigleben, President and CEO of URI. “URI’s aim is to be in a position to begin uranium production in New Mexico by the first half of 2013, assuming the regeneration processes move forward in a timely manner.
A recovery in uranium prices and the accessibility of financing for the necessary capital expenditures to build the infrastructure,” Ewigleben continued. The company owns 183,000 acres of mineral holdings in New Mexico, which include 101.4 million pounds of uranium. Its present NRC license allows it to mine one million pounds of uranium. The part 8 portion of the NRC licensed area contains 6.5 million pounds of the mineral. Churchrock is about six miles east of Gallup and while not on Navajo condition land, has a population that is crushingly Navajo.
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