Urano Energy Completes Initial Review of Historical Uranium Reserves and Resources
Urano Energy Corp. (CSE: UE, OTCQB: UECXF) is pleased to announce the completion of an initial review of historical uranium reserve and resource estimates for its Bachelor, Dulaney, and La Sal Creek uranium-vanadium (“U-V”) projects in Colorado. These projects were recently acquired by Urano Energy as part of fifteen uranium assets, as previously announced in the Company’s UE News Release dated December 5, 2024.
Project Background
The three projects are situated in the Uravan Mineral Belt and La Sal Creek District, areas known for their history of uranium production. The Bachelor, Dulaney, and La Sal Creek projects contain historical estimates of uranium-vanadium reserves and resources.
Historical Estimates
Urano Energy’s initial review of the historical estimates revealed the following:
- Bachelor Project: The Bachelor Project contains historical estimates of 1.1 million pounds of uranium and 2.4 million pounds of vanadium.
- Dulaney Project: The Dulaney Project holds historical estimates of 1.5 million pounds of uranium and 1.5 million pounds of vanadium.
- La Sal Creek Project: The La Sal Creek Project includes historical estimates of 4.8 million pounds of uranium and 11.3 million pounds of vanadium.
Impact on Urano Energy
This acquisition significantly enhances Urano Energy’s uranium and vanadium portfolio. The historical estimates represent a potential boost to the Company’s production capacity and overall revenue. Urano Energy plans to conduct further exploration and evaluation to confirm these historical estimates and potentially increase the overall resource base.
Impact on the World
The uranium market has been experiencing a resurgence due to increasing demand for clean energy sources. The acquisition and potential confirmation of these historical estimates could contribute to the global uranium supply. Additionally, the vanadium market has seen a significant increase in demand due to its use in steel and battery production. The potential confirmation of these historical vanadium resources could contribute to the global vanadium supply as well.
Conclusion
Urano Energy’s initial review of historical uranium and vanadium reserves and resources at its Bachelor, Dulaney, and La Sal Creek projects in Colorado represents a significant step forward in the Company’s growth strategy. The potential confirmation of these historical estimates could lead to increased production capacity, revenue, and contributions to the global uranium and vanadium supplies. Urano Energy remains committed to its mission of exploring, developing, and producing uranium and vanadium in a socially responsible and environmentally sustainable manner.
Urano Energy invites investors and stakeholders to stay updated on the Company’s progress by visiting the website at www.uranoenergy.com or following the Company on social media.
