Eagle Energy Metals reports positive metallurgical results for Aurora uranium project

Eagle Power Metals reported Wednesday brand-new metallurgical optimization outcomes from its front runner Aurora uranium job in southeast Oregon.

The firm got the Aurora uranium job in 2024, which it states is the largest mineable uranium deposit in the US. Its land bundle covers the Oregon-Nevada boundary, with the mine on the Oregon side and the plant on the Nevada side.

The outcomes revealed healings in the high-80% variety and a ~ 60% decrease in acid usage, indicating significant gains in refining effectiveness and expense decrease, the firm claimed.

Examinations show no demand for different handling of clay and middlings, streamlining the flowsheet while decreasing funding and operating expense, Eagle claimed, including that leach period minimized to ~ 12 hours from the previous period of 24 hr, without demand for ferric sulphate, more decreasing reagent prices.

Eagle’s front runner job consists of the Aurora down payment, with 32.75Mlbs Indicated and 4.98Mlbs Inferred of near-surface uranium source, and the surrounding Cordex down payment, which it states deals substantial capacity to increase the job’s general source supply, based upon over 500 finished drill openings.

Uranium is a vital resource of trusted baseload power as atomic energy, and the United States calls for an approximated 32 million extra pounds of uranium yearly for its present atomic power plants. Power Fuels’ White Mesa Mill in Utah is the only creating mill in the United States.

In 2024, the United States bought 50 million extra pounds of uranium, but only produced 677,000 pounds, according to the Power Details Management.

” Lowering acid usage and reducing handling times can make a purposeful distinction in the business economics of a uranium job,” Eagle Power Metals Chief Executive Officer Mark Mukhijasaid in a news release

” These outcomes reveal that Aurora’s uranium might be recuperated a lot more effectively and at reduced expense than prepared for, without giving up efficiency,” Mukhija claimed. “For Eagle, that would certainly be a clear recognition of the job’s high quality and an essential action towards constructing a reputable united state uranium supply chain that can sustain the country’s tidy power objectives.”

Eagle anticipates the job to work as its front runner possession complying with the conclusion of its proposed business combination with Springtime Valley Purchase Corp. Upon closing, Eagle intends to detail on Nasdaq under the ticker NUCL.

By coupling a huge, geologically low-risk uranium source with its SMR innovation, Eagle claimed it intends to assist enhance the united state uranium supply and aid restore a safe residential nuclear supply chain.