USA

Homeland Uranium got its start in the historical uranium producing region of the USA, that which encompasses the Colorado Plateau – southwestern Colorado, southeastern Utah, northwestern New Mexico and northeastern Arizona. Mostly ignored since the first big uranium rush and subsequent uranium mining boom that lasted from the 1950’s through the late ‘70’s, the area has witnessed a significant resurgence of activity, a few years ago, as an increased interest in nuclear energy, in China and India, in particular, combined with depleting international uranium stockpiles resulted in forecasted long term demand and a consequent increase in uranium prices.

Currently, the price of uranium remains well below its recent high of close to $150 per pound, with exploration activity in the USA leveling off, accordingly, including that by Homeland, which has reduced its portfolio in the region. However, long term demand remaining strong and increased prices forecast over the mid-to long term, there are a number of companies that have remained active in the region, with increased activity by the region’s main producer, Denison Mines Ltd., a new mill in the process of being permitted (Energy Fuels Inc.) and a number of new mines being placed into production (White Canyon Uranium Ltd.), there is every reason to maintain a presence in the region.

The Uravan Mineral Belt, an arc-shaped trend that sweeps across southwestern Colorado, is a historically prolific uranium producer, with over 69 million pounds of uranium and 360 million pounds of vanadium to its credit.

Homeland Uranium holds 4 uranium properties in Colorado – Slickrock, Dry Creek, Vex and Atkinson Mesa. Homeland controls approximately 10,000 acres of Bureau of Land Management land.

A map depicting the size and location of Homeland’s existing portfolio of USA uranium-vanadium properties may be found, below:



Click on this thumbnail for a full-size image.

Dry Creek Property
VEX Property
Atkinson Mesa Property
Slickrock Property
Exploration Update

 

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