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Got some old news.......


Anyone know who now owns AMICOR's assets?



"The new technology has been tested on a number of different deposits in the U.S., including the uranium/vanadium properties held by Amicor in the Uravan Mineral Belt, which is the oldest uranium mining area in the U.S., and historically the most productive uranium and vanadium region in Colorado.


It is expected that the technology will be used in the mining recovery process at Amicor's mines.

"The process developed by Ablation Technologies could be the most important development in uranium recovery in the last 50 years," said Amicor President and CEO George Glasier. "We believe that projects that are economically marginal at today's prices could be operated profitably as recovery costs will be reduced drastically. Projects that are economically viable at today's prices could likely see margins increased substantially."

Foreign Confidential™ analysts believe the new technology has the potential to eliminate up to 90% of uranium tailings, the waste byproduct of uranium mining. Managing the environmentally hazardous waste is a significant cost factor in modern uranium mining and mine rehabilitation.

The new technology is also likely to have a huge impact on transportation of uranium ore, experts say, because it essentially upgrades the ore mechanically.

Simply stated, moving the ore great distances could for the first time in the history of the uranium industry become economically attractive--akin to transporting iron ore or coal, only more so, considering the value of uranium.

For example, uranium ore produced in the Western U.S. could be exported to China for milling--in ordinary shipping containers."


http://chinaconfidential.blogspot.com.au/2012/03/amicor-announces-uranium-technology-jv.html