New Mexico Who Are The Serious Players
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New Mexico: Key Players in Uranium Mining
Overview
With uranium prices on the rise, New Mexico is witnessing a resurgence in uranium mining. Four companies are emerging as serious contenders in the state's mining landscape. Let's delve into who these players are and their plans for development.
Keywords
Uranium, nuclear energy, mining, uranium mining, ISL mining, New Mexico, energy, nuclear power.Leading Companies
Several uranium development companies are setting their sights on New Mexico. Among them, two have already begun the permitting process for their sites. Here's a closer look at these prominent players:
Uranium Resources Inc.
Uranium Resources is a frontrunner in New Mexico's uranium mining. The company has invested heavily in obtaining permits for its Church Rock property. According to Craig Bartels, president of HRI (a subsidiary of Uranium Resources), construction may start in 2007. The company has successfully navigated legal challenges from environmental groups, consistently emerging victorious.
In a recent development, Uranium Resources announced a joint venture with Japan's Itochu Corporation for the Church Rock property. The company also holds substantial land in the southern San Juan Basin. Bartels is optimistic about the company's prospects, particularly in the Grants Uranium Belt area.
Strathmore Minerals Corp
Strathmore Minerals controls several advanced uranium properties in New Mexico and focuses on permitting its Church Rock property. The company aims to become the leading uranium producer in the state, with substantial resources calculated at nearly 50 million pounds.
Strathmore has followed Uranium Resources' lead, advancing its projects in the Church Rock area. The company has also reported strong progress and is well-funded with C$40 million to advance its endeavors.
General Atomics
Known as the "800-pound gorilla" of the nuclear sector, General Atomics is a significant player across the nuclear fuel cycle. Through its subsidiary Rio Grande Resources Corporation, General Atomics holds the largest uranium resource in the U.S., with massive deposits at the Mt. Taylor site.
Laramide Resources
Although well-established in Australia, Laramide Resources is actively pursuing development in New Mexico. Its La Jara Mesa deposit, located near Grants, shows potential for significant production. The company is currently seeking public feedback as it plans new exploratory drilling.
Additional Companies to Watch
- Western Uranium
- Energy Metals
- Max Resource Corp
- Powertech Uranium
These companies have various strategies to advance their projects and are worth monitoring.
Conclusion
The competition to lead New Mexico's uranium mining industry is heating up. As developments continue, these companies are striving to capitalize on the growing demand for nuclear energy. Each brings unique strengths to the table, promising a dynamic future for uranium mining in New Mexico.
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