#United States #Utah #Urano Energy #Green River #Uranium Resources

Urano Energy's Green River Project: A Game Changer for Uranium Resources

In a significant step for uranium exploration, Urano Energy Corp. (CSE: UE) (OTCQB: UECXF) has conducted a thorough evaluation of its Green River Uranium Project located in Emery County, Utah. This assessment is pivotal in confirming the presence of substantial historical uranium inventory, with notable indications of 1.4 million pounds of both indicated and inferred uranium resources.

The recent findings were derived from detailed historical data originally compiled by Atlas Corp., an early operator in this mineral-rich region. The independent evaluation has estimated historically recoverable resources at 247,711 pounds of U₃O₈ grading 0.13%, alongside approximately 1.4 million pounds of inferred uranium at a comparable grade. This robust data is founded on the USGS classification terminology of 'indicated reserve' and 'inferred reserve' as applicable during that period, emphasizing a solid legacy for Urano's ongoing exploration efforts.

Strong Foundations for Future Developments

The Green River Project is well-positioned for expansion, fortified by existing operational permits and extensive geological maps that provide vital insights into the natural resource potential of the area. As stated by Jason Bagg, the CEO of Urano Energy, these historical resources represent a substantial asset that enhances the company’s portfolio.

"As we progress in analyzing our extensive database of uranium properties across Utah and Colorado, we anticipate a marked growth in our overall historical uranium inventory. The Green River Project, along with our other Atlas-era assets, presents outstanding potential for upgrading historical estimates to NI 43-101 mineral resource standards in the near future," he remarked.

The project covers an area of approximately 1,009 acres, encompassing 49 mining claims, which represents about 4.5% of Urano's total uranium holdings within the Utah-Colorado region. This strategic location aligns with the area's status as the third-most productive uranium district in the state, having historically yielded over 4.48 million pounds of U₃O₈.

Historical Significance and Geology

The Green River Project itself is situated in the famed San Rafael River District, a region that boasts a rich geological tapestry for uranium deposits. Historically operated during the late 1970s and early 1980s by Atlas Corp., prior mining activities have laid a strong groundwork for Urano’s modern evaluations. The mineralization of uranium occurs primarily in the Salt Wash Member of the Jurassic Morrison Formation, where uranium minerals notably appear as coffinite and uraninite, found in organic-rich sandstones at depths varying between 15 to 70 feet.

The comprehensive dataset overseen by an independent registered mining engineer is crucial for the ongoing modernization of the project and will aid in prioritizing future confirmatory drilling operations.

Looking Ahead

As the demand for domestic uranium and nuclear energy rises in the United States, Urano Energy is strategically poised to advance its key projects. The Green River site is fully permitted for small-scale underground mining, allowing for promptly initiated targeted operations that are designed for both efficiency and regulatory compliance.

Finally, it is essential to approach the historical estimates with caution. They were formulated by Atlas Corp. and have not yet been certified under current NI 43-101 or CIM standards. Thus, further exploration and data verification will be required to categorize these estimates as current mineral resources or reserves.

In summary, Urano Energy's ongoing efforts to assess and develop the Green River Uranium Project signify a renewed commitment to enhancing uranium resource capabilities against the backdrop of evolving energy needs in the United States. As exploration continues, the potential discovery of nearby uranium deposits could redefine the landscape of nuclear resource management moving forward.