The Nunatsiavut government has lifted the moratorium it compulsory three years ago on the exploration, development and mining of uranium on lands belong to the Labrador Inuit.. The ban was compulsory to give the government time to create an environmental protection act and regulations that will guarantee Inuit participation in any mineral activity.
Several Canadian mining companies were hunting for uranium in the region when the ban was imposed. The mainly advanced project was probably the Michelin project owned by Aurora Energy, since 2011 a subsidiary of Western Australia’s Paladin Energy. The Michelin project was in the higher exploration stage, and a positive preliminary economic assessment was made public in 2009.
The Michelin deposit is situated in the Central Mineral Belt, 140 km north of Goose Bay. It contains 7.1 million tonnes at 0.8% U3O8 in the measured category, 23.0 million tonnes at 0.11% U3O8in the indicated group and 16.0 million tonnes at 0.10% U3O8 in the inferred category. Paladin has five other deposits in the region, and the company’s possible uranium oxide inventory could be as high as 135 million lb
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