Uranium
Uranium has many uses in today’s world. The main use of uranium ore is in the global production of clean energy in nuclear power plants. Additionally, demand is growing in other areas,including:
* Nuclear-Powered Ships
* Medicine
* Smoke Detectors
* Water Desalination
Geovic Energy recognizes this growing demand for uranium, and is striving to become one of the top uranium mining companies in the world.Geovic Energy (GEC) has taken long-term leaseholds on seven uranium deposits in Colorado/Wyoming and additional acreage in Arizona, and is developing an environmentally sound extraction process called In Situ Recovery (ISR). This process allows for the removal of the uranium without disturbing surface use and suitability of the groundwater.
Geovic management has extensive uranium experience, including exploration, development and production of uranium deposits, using both open-pit and in-situ recovery methods. Additionally, members of our staff have permitted and rehabilitated uranium properties, and have published several professional papers on two of the deposits we discovered and developed.
Our team permitted the first uranium in-situ projects in the Great Divide basin, known as the Sweetwater uranium mine, Wyoming. One member of our team worked with Westinghouse (Wyoming Minerals) when they were conducting the Grover in-situ uranium test project located southwest of Grover, Weld County, Colorado. Specifically, members of our team have first-hand knowledge of the deposits in Weld County and worked directly on the Keota and Grover deposits during the uranium boom of the late 1970’s and early 1980’s. We are intimately familiar with the procedures and necessities of permitting, constructing, producing, and reclaiming the Weld County uranium deposits.