Colorado Leases

Snapshot

Location: Colorado, United States (Uravan Mineral Bet, Colorado Plateau)
Ownership: 100% Consolidated Uranium Inc. (upon closing)
Deposit Type: Tabular sandstone-hosted
Primary Minerals: Uranium, Vanadium
Stage: Past-producing
Proximity to White Mesa Mill: 80-175 mi (128-282 km)

Mineral Resources: 

Category

Tons (000s)

%U3O8

lbs U3O8 (000s)

Historic

0.3

0.254

1,800

¹ This table reflects historical mineral resource estimates considered to be a “historical estimate” under NI 43-101 and is not considered by the Company to be current.

Overview

The Colorado leases are located in the Uravan Mineral Belt, within 80 – 175 miles to the White Mesa Mill. The projects are all situated on the Colorado side of the Uravan Mineral belt, in the counties of Mesa, Montrose and San Miguel. All leases contain both uranium and vanadium mineralization. The land package also includes includes patented mining claims on the Dolores bench. There were new 10-year leases signed with the US Department of Energy in January 2020.

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