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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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