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Prospect Uranium is a minerals exploration company focused on the acquisition, development, and operation of uranium deposits. Our strategy is to develop prospects that will take advantage of both short-term and long-term market conditions and technologies developed since the last uranium boom during the 1980's. We plan to lease and stake areas with known uranium deposits where there are few barriers to entry and utilize newer, more cost effective, and environmentally compliant techniques for mining. In addition, we will concentrate on deposits that are amendable to lower cost mining such as in-situ recovery (ISR). There have been significant market price increases in uranium over the last seven years (from $7 per pound to $135 per pound for uranium) that present renewed opportunities in traditional geological sites. Other opportunities exist in the lower grade but widely disseminated deposits amenable to in-situ recovery mining ("ISR") in the Grants District in New Mexico, the Powder River and Shirley Basins in Wyoming, and in Texas. Advances in ISR and other mining techniques transform deposits that were formerly economically unviable into profitable reserves. The industry's 30 years of experience with ISR mines in Wyoming, Nebraska, and Texas have improved methods of treating and remediation of mining wastes and mill tailings and in management and restoration of ISR well fields. Application of these modern techniques improves deposit recovery and makes the mining of uranium more environmentally sound. |
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  Tue Apr 1, 2008 News Releases North Dakota has first uranium land lease in three... more... Thu Mar 27, 2008 News Releases Prospect Uranium, Inc. Acquires Connors Uranium Pr... more... Tue Aug 21, 2007 News Releases Prospect Uranium, Inc. Acquires Uranium Database a... more... Tue Nov 21, 2006 News Releases Prospect Uranium, Inc. Announces Secure Energy, LL... more... Fri Mar 3, 2006 News Releases Tonogold Resources, Inc Hires Mining Industry Advi... more... |
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Copyright © 2006 Prospect Uranium, Inc.
