A Uranium Comeback Possible
Riverton, WY – A consultant for a uranium mining company agrees the industry should see a resurgence in Wyoming due to increase uranium prices. David Miller, who's also a State Representative from Riverton, says uranium prices have gone from a low of $7 a pound in 2001 to just over $20 a pound now. Currently, Wyoming has one active producer, but Miller sees potential in another mine starting up. He says the most likely area for a full scale mine to open up is around Jeffrey City. Miller says a new mine starting up would bring good paying jobs to the state and more money in severance taxes for Wyoming government. He says the state produced 200 million pounds of uranium historically and believes the potential reserves are there to mine a similar amount.