The company is a US-based development and near-production story. It has one of only three licensed, permitted and constructed conventional uranium mills in the U.S.
The company also owns the Velvet-Wood Project, a 2,425-acre property in Utah, which produced about 400,000 tons of mined uranium between 1979 and 1984 This translates into 4Mlbs of uranium production and 5Mlbs of vanadium production. Velvet-Wood has a current uranium resource of 4.6Mlbs.
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