PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: StockInterview.com

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Strathmore Minerals President Foresees Resurgence in Conventional Uranium Mining - Strathmore Minerals President David Miller, presenting at the recent Platts Nuclear Fuel Strategies Conference, foresees a resurgence of conventional uranium mining in the United States.
Strathmore Minerals President Foresees Resurgence in Conventional Uranium Mining

 

NewswireToday - /newswire/ - Sarasota, FL, United States, 2006/10/03 - Strathmore Minerals President David Miller, presenting at the recent Platts Nuclear Fuel Strategies Conference, foresees a resurgence of conventional uranium mining in the United States..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Strathmore Minerals (TSX: STM) President David Miller, presenting at the recent Platts Nuclear Fuel Strategies Conference in Washington (DC) to utilities, hedge funds and uranium industry insiders, predicted a resurgence in conventional uranium mining in the United States to keep pace with the demand from U.S. utilities to power the nation’s 103 nuclear reactors. According to TradeTech, spot uranium reached a historic high this past week of US$55.75/pound. Gene Clark of TradeTech told StockInterview, “We expect prices in the fourth quarter to continue to significantly exceed all previous expectations.”

As the uranium price rises toward $60/pound, previously sub-economic underground and open pit uranium mining is likely to become more economic. Miller told StockInterview the operating costs for a uranium mining and milling operation in the United States would cost between $80 and $120 per ton of uranium-mineralized ore. The higher the average grades of this ore, the more economic the operation. Miller cited an example of 0.02 percent as an economic grade in a U.S. mining operation, and pointed to Strathmore Minerals’ Roca Honda project in New Mexico and the proposed acquisition by SXR Uranium One (TSX: SXR) of the Green Mountain uranium property in Wyoming, as having sufficient grades to meet his criteria.

Miller explained during his presentation at the Platts conference that conventional uranium mining in the United States could exceed 16 million pounds of U3O8 by the year 2020. He anticipated conventional mining could surpass the current preferred method of uranium extraction in the United States , the in situ recovery method which many compare to an environmentally friendly water treatment plant. In arguing for the development of a domestic uranium industry to help U.S. utilities diversify their nuclear fuel supply, Miller announced, “The U.S. can still become a medium size producer.”

About Stockinterview.com

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. Over the past three years, the Internet news website has covered the nuclear energy renaissance, the worldwide uranium mining boom and the potential influence of alternative fuel sources on China’s dramatic economic growth.

For the feature article entitled “Rising Mining Costs Should Sustain Uranium Price at Record Levels,” please visit our website.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: StockInterview.com

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Strathmore Minerals President Foresees Resurgence in Conventional Uranium Mining

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Julie Ickes 
941-929-1640 editor[.]stockinterview.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any StockInterview.com securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From StockInterview.com / Company Profile


Read Energy Most Recent Related Newswires:

Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK
Akenerji Selects GE’s Predix-based Operations Optimization Software to Improve Gas Thermal Plant Efficiencies and Performance
Enel Starts Construction of New 298 MW Wind Project in The United States
OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity Finds Frost & Sullivan
ENGIE and AES Agree to Expand their LNG Marketing Partnership to Central America
GE to Supply Power Generation Technology for Ghana’s 400 MW Bridge Power Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)