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Sarasota, FL, United States, 2007/03/05 - What are the basics of in situ (ISR) uranium mining? More than 20 percent of the world’s uranium mining uses this method. StockInterview discussed ISR with UR-Energy’s Bill Boberg, whose company will soon be using this method in Wyoming.
“The in situ (ISR) mining process simply reverses the natural process that placed the uranium there in the first place,” UR-Energy chief executive Bill Boberg told StockInterview in today’s edition. “It’s really a pretty simple process. Most of the uranium that was in the aquifer will actually be removed instead of staying there.”
Boberg explains the ISR uranium mining method in simple layman’s terms. Is the solution used in mining the uranium dangerous? Boberg said, “This will be an alkaline solution – basically just the addition of carbonate and oxygen to normal ground water. The carbonate could be in the form of simple bicarbonate of soda or the gaseous carbon dioxide itself. The solution being used has been described as not much different than Perrier® water. The solution is not something out of the realm of normal ground water, and would cause no one any problem.”
Boberg explained, “There are probably thousands of uranium deposits throughout the world of varying quality in sandstones, which are also aquifers. Only a few hundred of these will contain sufficient uranium to eventually be mined.”
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, energy and the the environment, biotechnology research and the natural resource industry. StockInterview.com is now the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
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