Uranium Mine on the Horizon?
Western Fremont County might become the site of multiple uranium mines if the price reaches a profitable threshold, according to The Mountain Mail.
Black Range Minerals Colorado owns the mineral rights to 13,500 acres on the Hansen site, which contains one of the largest deposits of triuranium octoxide ore, approximately 90 million pounds. The 13,500-acre site is located northeast of Cotopaxi, along Tallahassee Creek. Officials with Black Range have dubbed the site the Taylor Ranch Uranium Project.
Worldwide demand for uranium is on the increase and if prices reach $70 a pound Black Range hopes to begin borehole mining. Prices are currently $45 a pound. Permitting for the operation through multiple U.S., state and local agencies, could take up to three years.
