Energy Fuels Inc, an uranium and vanadium development company, and its Australian partner Royal Resources said that their Colorado Plateau Partners joint venture (CPP) has acquired 94 contiguous mining claims (1,942 acres) in the Sage Plain area of Utah and Colorado at the south end of the Uravan Mineral Belt.
The company has also acquired a Utah State mineral lease on two nearby properties (733 acres).
All of these properties, which are located in close proximity to two other Utah State leases already owned by CPP and are about 70 highway miles from Energy Fuels’ proposed Pinon Ridge Mill, were acquired from Uranium One.
Historic reports by Umetco Minerals (successor to Union Carbide) prepared in 1991 indicate resources of some 345,000lbs U3O8 and 2.7 million lbs V2O5 (not presently 43-101 compliant) on the State lease.
The properties acquired include the historically producing Sage Mine.