Wednesday, February 29, 2012

Uranium Finance Extension

Uranium mill in Montrose County has been granted an extension for financial assurance payments.  The state health department says the payments are for decommissioning the mill after operation at the end of its useful life, so delaying those payments until construction begins, poses no threat to the state or people who live here.  Energy Fuels expects to begin construction of the Pinon Ridge Uranium Mill in September at the earliest, one year after its projected building start.