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Costs of Uranium Mine Near Grand Canyon Considered, Agency Says

April 6, 2021, 8:01 PM

The U.S. Forest Service considered all relevant environmental costs and properly excluded sunk costs when it found Energy Fuels Resources Inc. had valid existing rights to mine near the Grand Canyon, the agency tells the Ninth Circuit.

The agency’s finding would allow Energy Fuels Resources and EFR Arizona Strip LLC to operate its 17.4-acre uranium mine located in the Kaibab National Forest in Arizona. The Forest Service estimates the mine could make $29.3 million in profit.

Even if the cost finding was in error, it wouldn’t have changed the agency’s conclusions about the mine’s profitability, the U.S. District Court for...

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