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There has been a history of exploration for uranium resources in the Upper Peninsula, including within the Jacobsville formation. [ 67 ] [ 68 ] Between 2003 and 2010, a joint operation between two companies spent $1.6 million on uranium exploration in the Jacobsville. [ 69 ]
Abandoned housing in Jeffrey City, Wyoming in 2011 Moab uranium mill tailings pile in 2010 Partially refined Yellowcake uranium oxide. A yellowcake boomtown also known as a uranium boomtown, is a town or community that rapidly increases in population and economics due to the discovery of uranium ore-bearing minerals, and the development of uranium mining, milling or enrichment activities.
Jeffrey City is a former uranium mining boomtown located in Fremont County, in the central part of the U.S. state of Wyoming. The town is known in Wyoming and the American West as symbol of a boomtown that went "bust" very quickly, as the mine was shut down in 1982 and over 95% of the inhabitants left the town within three years. [4]
Uranium Energy Corp. (AMEX:UEC) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc‘s (NYSE:RIO) Wyoming assets for a purchase price of $175 million.
Edward Stearns was a member of a family of prominent industrialists; his relative George Stearns was a founding partner of Stearns and Foster, a company that owned a textile mill in the nearby village of Lockland and operated a mattress-manufacturing plant, and Edward was later the company's head.
Uranium enrichment is getting underway this week at a facility in southern Ohio, a federally authorized demonstration project considered critical to produce the type of fuel needed for newer, more ...
The Wyoming uranium mining industry was hard-hit in the 1980s by the drop in the price of uranium. The uranium-mining boom town of Jeffrey City lost 95% of its population in three years. By 2020, the only active uranium mine in Wyoming was the Smith Ranch-Highland in-situ leaching operation in the Powder River Basin, owned by Cameco. [107]
Uranium Energy (NYSEMKT: UEC) stock raced out of the gate on the first trading day of 2025, rising 11.2% through 10:50 a.m. ET. A modest uptick in the price of uranium underlies Uranium Energy's ...
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