Wyoming
Wyoming
- UEC has successfully restarted uranium production at its past-producing Christensen Ranch ISR operation in Wyoming.
- Uranium concentrations are anticipated to rise as wellfield patterns from planned production areas are started with the first shipment of yellowcake anticipated to occur in late 2024.
- S-K 1300 Technical Report Summary disclosing resources for Wyoming Hub and Spoke ISR Platform filed on September 15, 2022, marking the largest S-K 1300 uranium resources reported in the United States combining UEC’s recently acquired Uranium One Americas, Inc. (“U1A”) and Anfield Energy assets together with the Reno Creek Project.
- The Irigaray Processing Plant is the Hub central to eleven satellite In-Situ Recovery (ISR) projects across the Powder River Basin (“PRB”) and Great Divide Basin (“GDB”), four of which are fully permitted, including Reno Creek.
- Total Measured and Indicated Resources disclosed across the assets are 66,198,200 lbs. with 58,460,000 tons grading 0.069% U3O8 (not weighted).
- Total Inferred Resources disclosed across the assets are 15,053,700 lbs. with 10,859,000 tons grading 0.064% U3O8.
- The S-K 1300 TRS announced on June 13, 2024, reconfirms UEC’s position as America’s leading ISR uranium company with its South Texas and Wyoming Hub & Spoke platforms having 79,156,000 lbs. U3O8 of M&I resources and 25,002,000 lbs. of Inferred resources
About the Wyoming Asset Hub and Spoke In-Situ Recovery Project
The Project consists of 12 Project areas as shown below.
Wyoming ISR Hub and Spoke Project Areas
| Project Area | County | Structural Basin |
| Allemand-Ross | Converse | Powder River |
| Barge | Converse | Powder River |
| Charlie | Johnson | Powder River |
| Christensen Ranch | Johnson/Campbell | Powder River |
| Clarkson Hill | Natrona | Wind River |
| Irigaray | Johnson | Powder River |
| Jab/West Jab | Sweetwater/Fremont | Greater Green River |
| Ludeman | Converse | Powder River |
| Moore Ranch | Campbell | Powder River |
| Nine Mile | Natrona | Powder River |
| Red Rim | Carbon | Greater Green River |
| Reno Creek | Campbell | Powder River |
Christensen Ranch and Irigaray (Willow Creek): The Willow Creek area is comprised of the Irigaray and Christensen Ranch Projects, located in Johnson and Campbell Counties, Wyoming. Uranium production commenced at its past-producing Christensen Ranch In-Situ Recovery ("ISR") operations on August 6, 2024. Uranium recovered from Christensen Ranch will be processed at the Irigaray Central Processing Plant ("CPP"), located approximately 15 miles northwest of Christensen Ranch. Irigaray has a current licensed capacity of 2.5 million pounds U3O8 per year, with a license amendment currently under regulatory review that is expected to increase capacity to 4.0 million pounds annually. The Irigaray CPP is the hub, central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch.
Moore Ranch: The Moore Ranch Project is fully permitted and was previously developed by Conoco in the early 1980s. The Project is located in the PRB in Campbell County.
Reno Creek: The Reno Creek Project is fully permitted and was primarily developed by Rocky Mountain Energy in the 1980s. The project is located in the PRB in Campbell County. See the Company’s release dated February 9, 2022.
Ludeman: The Ludeman Project is fully permitted, is located in the South Powder River Basin (“SPRB”) in Converse County, and is comprised of the former Leuenberger, North Platte and Peterson projects developed in the late 1970’s by various other operators. Two ISR pilot plant operations were previously carried out at the Leuenberger and North Platte properties. Most of the Project area was held by Power Resources (Cameco) until 2003, after which Energy Metals (precursor to U1A) acquired the properties.
Allemand – Ross: The Allemand-Ross Project is located in Converse County within the SPRB. The Project was originally drilled and developed by Conoco beginning in the late 1960s. The mineralized trends are northerly extensions of those at Cameco’s Smith Ranch/Highland Uranium Project.
Barge: The Barge Project is located in Converse County in the SPRB. It is near the site of the former Bear Creek Uranium Mine operated by Rocky Mountain Energy in the 1970s and 80s. The majority of the mineralization is within deeper trends not developed previously.
Jab/West Jab: The Jab Project is located in the Greater Green River Basin (“GGRB”) in Sweetwater County. The Project area was extensively explored during the 1970s through the mid-1980s with the principal exploratory work and drilling completed by Union Carbide Corporation and Western Nuclear Corporation. In 2006 and 2007, U1A conducted exploratory and verification drilling on portions of the Project.
Charlie: The Charlie Project is a state mineral lease that is 90% surrounded by UEC’s Christensen Ranch permit and wellfield operations. The Charlie Project ore body is well defined and is a continuation of UEC’s ore body located between Mine Unit 8 and Mine Unit 10 at Christensen Ranch. A Wyoming Department of Environmental Quality Permit to Mine exists for the Charlie Project which UEC intends to update to current standards for ISR mining and incorporate the Project as two additional Mine Units of the Christensen Ranch Project.
Clarkson Hill: Clarkson Hill is located on the southern edge of the Wind River Basin, 26 miles from Casper in Natrona County. Roll-front type uranium mineralization was discovered at Clarkson Hill during the 1950s, but the property was more extensively explored from the 1970s through the mid-80s. Most of this work was completed by Minerals Exploration Company, a subsidiary of Union Oil.
Nine Mile: The Nine Mile Project is located in the southwestern portion of the PRB just north of Casper. Uranium mineralization exists in typical Wyoming roll front systems within sandstones of the upper Cretaceous Teapot Sandstone of the Mesa Verde formation. The property was previously developed by Rocky Mountain Energy in the late 70s through the early 80s and was ISR pilot tested at that time. Energy Metals initiated delineation drilling in Wyoming on this property in September 2006.
Red Rim: The Red Rim Project was formerly developed by Union Carbide, Wold Uranium and Union Pacific Minerals. Mineralization is in the Tertiary Fort Union formation within the GGRB. Three Fort Union sandstone zones host roll front mineralization and the strike is projected at up to fifteen miles.
The following map shows the location of these projects within the Wyoming Project area.
Table 1 - Project Area Measured and Indicated Resources Summary
| Mineral Resource | GT Cutoff | Average Grade % eU3O8 |
Ore Tons (000s) | eU3O8 (lbs) |
| Allemand-Ross | ||||
| Measured | 0.25 | 0.085 | 246 | 417,000 |
| Indicated | 0.25 | 0.066 | 32 | 42,400 |
| Total Measured and Indicated | 0.25 | 0.083 | 278 | 459,400 |
| Barge | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | 0.25 | 0.051 | 4,301 | 4,361,000 |
| Total Measured and Indicated | 0.25 | 0.051 | 4,301 | 4,361,000 |
| Charlie | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | 0.2 | 0.123 | 1,255 | 3,100,000 |
| Total Measured and Indicated | 0.2 | 0.123 | 1,255 | 3,100,000 |
| Christensen Ranch | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | 0.25 | 0.073 | 6,555 | 9,596,000 |
| Total Measured and Indicated | 0.25 | 0.073 | 6,555 | 9,596,000 |
| Clarkson Hill | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | N/A | N/A | 0 | 0 |
| Total Measured and Indicated | N/A | N/A | 0 | 0 |
| Irigaray | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | 0.25 | 0.076 | 3,881 | 5,899,000 |
| Total Measured and Indicated | 0.25 | 0.076 | 3,881 | 5,899,000 |
| Jab/West Jab | ||||
| Measured | 0.25 | 0.072 | 1,621 | 2,335,000 |
| Indicated | 0.25 | 0.077 | 253 | 392,000 |
| Total Measured and Indicated | 0.25 | 0.073 | 1,874 | 2,727,000 |
| Ludeman | ||||
| Measured | 0.25 | 0.094 | 2,674 | 5,016,900 |
| Indicated | 0.25 | 0.088 | 2,660 | 4,696,900 |
| Total Measured and Indicated | 0.25 | 0.091 | 5,334 | 9,713,800 |
| Moore Ranch | ||||
| Measured | 0.3 | 0.06 | 2,675 | 3,210,000 |
| Indicated | N/A | N/A | 0 | 0 |
| Total Measured and Indicated | 0.3 | 0.06 | 2,675 | 3,210,000 |
| Nine Mile | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | N/A | N/A | 0 | 0 |
| Total Measured and Indicated | N/A | N/A | 0 | 0 |
| Red Rim | ||||
| Measured | N/A | N/A | 0 | 0 |
| Indicated | 0.25 | 0.17 | 337 | 1,142,000 |
| Total Measured and Indicated | 0.25 | 0.17 | 337 | 1,142,000 |
| Reno Creek | ||||
| Measured | 0.2 | 0.043 | 14,990 | 12,920,000 |
| Indicated | 0.2 | 0.039 | 16,980 | 13,070,000 |
| Total Measured and Indicated | 0.2 | 0.041 | 31,970 | 25,990,000 |
| Project Totals | ||||
| Measured | 22,206 | 23,898,900 | ||
| Indicated | 36,254 | 42,299,300 | ||
| Total Measured and Indicated | 58,460 | 66,198,200 | ||
Notes:
- Sum of measured and indicated tons and pounds may not add up to the reported total due to rounding.
- Measured and indicated mineral resources as defined in 17 CFR § 229.1300.
- Resources are reported as of December 31, 2021.
- All reported resources occur below the static water table.
- The point of reference for mineral resources is in-situ at the Project.
- Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Table 2: - Project Area Inferred Resources Summary
| Mineral Resource | GT Cutoff | Average Grade % eU3O8 | Ore Tons | eU3O8 |
| (000s) | (lbs) | |||
| Allemand-Ross | ||||
| Inferred | 0.25 | 0.098 | 1,275 | 2,496,000 |
| Barge | ||||
| Inferred | N/A | N/A | 0 | 0 |
| Charlie | ||||
| Inferred | 0.2 | 0.12 | 411 | 988,000 |
| Christensen Ranch | ||||
| Inferred | N/A | N/A | 0 | 0 |
| Clarkson Hill | ||||
| Inferred | 0.2 | 0.058 | 957 | 1,113,000 |
| Irigaray | ||||
| Inferred | 0.25 | 0.068 | 104 | 141,000 |
| Jab/West Jab | ||||
| Inferred | 0.25 | 0.06 | 1,402 | 1,677,000 |
| Ludeman | ||||
| Inferred | 0.25 | 0.073 | 866 | 1,258,000 |
| Moore Ranch | ||||
| Inferred | 0.3 | 0.047 | 46 | 43,700 |
| Nine Mile Lake | ||||
| Inferred | 0.25 | 0.036 | 3,405 | 4,308,000 |
| Red Rim | ||||
| Inferred | 0.25 | 0.163 | 473 | 1,539,000 |
| Reno Creek | ||||
| Inferred | 0.2 | 0.039 | 1,920 | 1,490,000 |
| Project Inferred Totals | ||||
| Inferred | 10,859 | 15,053,700 | ||
Notes:
- Sum of inferred tons and pounds may not add up to the reported total due to rounding.
- Inferred mineral resources as defined in 17 CFR § 229.1300.
- Resources are reported as of December 31, 2021.
- All reported inferred resources except Jab/West Jab occur below the static water table. The inferred resources at Jab/West Jab occur above the water table and may not be amenable to ISR.
- The point of reference for mineral resources is in-situ at the Project.
- Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Summary capital and operating cost estimates are not included with the TRS since the Company is reporting the results of an initial assessment.
The technical information in this news release has been reviewed by WWC Engineering, a consultant to the Company, and by Dayton A. Lewis, P.G., Vice President Resource Development – Wyoming, for the Company, being a qualified third party firm and a Qualified Person under Item 1302 of Regulation S-K.
Wyoming Project Gallery
Wyoming Careers
UEC is an active energy resource company seeking to fill multiple full-time positions for upcoming operations at the Christensen Ranch and Irigaray (“Willow Creek”) in-situ recovery uranium projects in Johnson and Campbell counties, Wyoming. Positions are also available in our Casper, Wyoming office. UEC is an equal opportunity employer, offering competitive salaries and a robust benefit package (including health, dental, vision, short and long term disability, life insurance), generous PTO, and 401K Plan with Company match.
To apply for any of the above positions, send your resume and qualifications to: [email protected].