CASPER, Wyo. (AP) - A new company is planning to explore for uranium in Wyoming and hopes to be producing yellowcake in the next few years.
URZ Energy Corp. launched its IPO on a Canadian stock exchange last week.
The company will initially explore the potential of the historic uranium sites, one near Baggs, one in Natrona County and another in the Shirley Basin.
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CEO Glen Catchpole tells the Casper Star-Tribune (https://bit.ly/2tkmwve ) that operations at the outset will likely provide around 25 jobs but hopes to eventually generate 100 to 125 jobs.
Catchpole says the company’s tentative goal is to produce half a million tons of uranium annually, with that increasing to between 1 million and 2 million tons a year.
The uranium industry has faced a number of challenges in recent years, particularly low prices.
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Information from: Casper (Wyo.) Star-Tribune, https://www.trib.com
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