Colorado Uranium Mining Makes A Comeback

With spot market prices for Uranium rising, there's been a revival in minining operations according to the Rocky Mountain News:

The rough and rocky terrain of southwest Colorado is once again luring miners with its promise of yellow wealth - not gold but uranium.

Three uranium mines, shuttered in the mid-1980s, were reopened in the past two years. The revival of another two is on the anvil this year. And many prospectors are scoping out the Colorado Plateau in hopes of striking rich ore deposits . . .

The uranium ore grade mined in Colorado is much lower than the ore grades mined in Australia or Canada, Farrell said, which is partly why production stopped following the 1980s. Given the prices, it makes more sense to open previously shuttered mines in Montrose County along the Western Slope.

And in Colorado towns like Gateway, the revival is being hailed as great news.

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