SXR Uranium One Inc. had been selected by Rio Tinto Energy America, Inc. ("RTEA"), a wholly-owned subsidiary of Rio Tinto plc, as the preferred bidder for RTEA's Sweetwater Uranium Mill and associated Green Mountain uranium properties located in south-central Wyoming. (SXR July 10, 2006)
On Jan. 8, 2007, however, sxr Uranium One Inc. announced that Rio Tinto Energy America, Inc. has decided to withdraw the Sweetwater uranium mill and related properties from sale in order to re-evaluate whether these should be retained and developed.
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