why blr

Why BLR?

a) Hansen was discovered in 1977 and fully permitted for mining by Cyprus Mines Corporation (“Cyprus”) in 1981.

Cyprus drilled more than 1,000 holes and completed three feasibility studies to evaluate Hansen. Cyprus concluded that the Project was economically viable;

b) The Project contains JORC Code-compliant indicated and inferred resources of more than 90.9 million pounds U3O8 at a very robust grade of 0.06% U3O8, making it the largest mineable uranium project in the USA.

c) ABLATION - capital costs to produce a pound of uranium can drop from $20-30 per pound down to about $1.40 per pound.

President Jim Coates told the Business Report