Uranium producers in Wyoming are optimistic about the future, despite a recent slump in prices. The uranium market tanked after the Fukushima nuclear disaster, with the indefinite shutdown of Japan’s reactors, but speaking during a panel discussion at the Wyoming Energy Summit this week, uranium mining executives like Donna Wichers of Uranium One said while it’s been a setback, it’s just that.
Production at Lost Creek uranium facility is exceeding expectations.
Ur-Energy’s Lost Creek mine started producing uranium in early August. Less than two months into production, Vice President of Operations Steven Hatten, says the facility is functioning well above projected levels.
“Field conditions have presented themselves in a more positive light than laboratory conditions may have predicted,” Hatten says.