Want some Uranium? Bidding Open in Southwest Colorado

By: AP Email
By: AP Email

GRAND JUNCTION, COLO. (AP) _ Leases of public land for exploration, development, and mining of Uranium and Vanadium ores are up for bids in Southwestern Colorado near the Utah border.

The U.S. Department of Energy announced Thursday it will accept bids for 19- tracts of land in the Uravan Mineral Belt between the communities of Gateway and Egnar through May 9.

Uranium mining came to a near standstill when the bottom fell out of the industry when the Cold War ended and Uranium from weapons stockpiles flooded the marketplace. Its price plummeted from $40 a pound in the late 1970s to less than $10 a pound in the
1980s, according to the Colorado Geological survey.

With worldwide demand up, Uranium prices are hovering around $90 to $100 per pound.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 16379796 - nbc11news.com/a?a=16379796
Gray Television, Inc.