The prospector says he believes he can have the mine and mill operational as soon as late 2025, but environmental activists are doubtful he will secure necessary permits anytime soon, if ever.
Also back in the 1980s, Glasier helped buildprocessing plant outside White Mesa, currently the nation’s only operating uranium mill. He served as Energy Fuels president and CEO from 2006 to 2011 before forming Western in 2014 as a publicly traded company based in Toronto.
“Green River is an odd location,” she said. “It does look and feel a little bit like the Pinion Ridge proposal almost 15 years ago. Many of the same elements that were in place at that time are in place again. Often with uranium, you see things repeat in speculation cycles. And that’s happening again.”
Uranium prices currently remain below $40 a pound, which is less than what it costs to produce the commodity from most U.S. mines. But Glacier said he believes the milling process he is pioneering can turn a profit at $40 uranium prices. But uranium would be the main attraction at the Green River mill, where Glasier wants to showcase a new process for separating uranium oxides from ore that he says would outperform the“This mill is going to be far more technologically advanced,” Glasier said. “It’ll be a far lower production cost because of the technology that we own.”
This process would increase uranium concentrations by a factor of eight in the ore that would then be hauled to the mill, while the rest is returned to the mine.
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