As prices climb, mining proposals proliferate. But it might just be hype.
In December, Canada-based Energy Fuels announced plans to begin production at three of its uranium mines, including the controversial Pinyon Plain (née Canyon) Mine, near the Grand Canyon, as well as two operations near Moab, Utah.
It seems like everywhere you look these days, some firm — maybe one with an unusual name (Okapi or Kraken, say) — is announcing that it’s acquiring or staking of thousands of acres of public-land mining claims, embarking on exploratory drilling or has “exciting,” if enigmatic, survey results to report. Does this mean that the long-moribund domestic uranium-mining industry is sauntering down the comeback trail?