720-acre property located in the Pumpkin Buttes Uranium District in Johnson County, Wyoming

  • Adjacent to Uranium One’s Willow Creek ISR operations (Christensen Ranch and Irigaray)

Agreement to process up to 500,000 lbs/year U3O8 through Uranium One’s Christensen Ranch satellite plant and Irigaray Central Processing Plant at a fixed price

Pre-tax NPV @8% and US$65/lb U3O8: US $18.9M

  • Pre-production capex of US$6.7M
  • Direct opex of $23.09/lb over LOM