NewswireToday - /newswire/ -
Sarasota, FL, United States, 2006/11/28 - Energy Metals Corp COO Dr. Dennis Stover tells StockInterview.com about the company’s 2008 start date for commencing uranium mining in Texas, and discusses the company’s expansion strategy in Wyoming..
Energy Metals Corporation Chief Operating Officer Dr. Dennis Stover told StockInterview.com, “At this point, 2008 remains very realistic for the Texas operations.” He explained, “The permitting process is well underway. We’re on track to submit the application for a permit to mine to the state of Texas before the end of this year. We believe it’s realistic to have that approved by the end of next year so we can put that area into production.”
Dr. Stover also described progress at the company’s processing facility, where Energy Metals hopes to increase production capacity from 500,000 pounds U3O8 to 1 million pounds, “The reclamation and renovations of the Hobson Central processing plant are well underway. The office complex has been completely renovated and put back into service. A lot of obsolete equipment has been stripped out of the processing plant, and we’ve begun the engineering design work for the renovation and revamping of that facility.”
To the future, Dr. Stover remains optimistic about future uranium mining in Texas and on the company’s other projects in Wyoming, telling StockInterview.com, “We have, from day one, an aggressive program to get into production as quickly as possible and then to ramp that production up as quickly as possible into the range of 5 million pounds a year by 2012. We remain on track to do that.”
The feature article entitled, “Getting Ready to Mine Uranium in Texas ,” appears on the financial news website.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry.
For more information on StockInterview’s 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” for which Dr. Dennis Stover is also a contributing editor.