"SO THE QUESTION WAS" !
What new recent Technology has tempted ex Energy Fuels CEO & Founder George Glasiers Uranium Industry return?"
Top marks buc for your could it beeees, but no it's has little to do with Bore Hole Mining, as this process has been around since the 1970"s
IMO: the new technology that has inspired Glasier's return is the adaption of ablation into the Mining ore recovery sector.
Only time & further testing will see how much advantage this process will add to the new breed of Uranium producers of the likes of Black Range & Amicor, but on early indications this new recovery process looks extremely promising & extremely financially rewarding.
A quick pondering over some production numbers using Ablation, the numbers look like this
Now using Today's current $61.50 Uranium Contract pricing each 30 ton load of (for this example 1000ppm) Hansen ablated Ore, equates to an estimated worth of around
$36,597.00 per 30ton load. YES An Extremely Profitable Result !!
Quote from Amicor's CEO George Glasier
George Glasier, the President and CEO of Amicor, stated that, "The process developed by Ablation Technologies could be the most important development in uranium recovery in the last fifty years ".
Now this Quote coming from anyone else probably wouldn't have all that much merit "BUT" coming from the likes of George Glasier give this new ore processing technology some punch.
Here's something else for fellow BLR Holders new & old to consider !
Most mines in the U.S. were shut down long ago due to the poor grade of uranium ore and cheaper uranium supplies from other global commercial operations or from the former Soviet Nuclear weapons infrastructure.
At present there are still thousands of abandoned uranium mines across the southwest that have yet to be cleaned up. Epa experts say that waste rock from 4,000 identified producing mines estimate a range from 1 to 9 billion Metric Tons still untreated, with numbers that could go higher.
The process flow diagram below shows the configuration of a typical borehole mining operation incorporated in conjunction with a ablation system configuration.
Cheers from G64
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