The price of uranium, rather than fears of groundwater contamination, could stall a mining project in the foothills near the Grand Canyon in Arizona.
Energy Fuels Inc. is forging ahead with plans to restart the mine despite low prices for uranium and local concerns about environmental impacts in the canyon’s watershed. But that plan is based on an assumption that uranium prices will rise.
The company’s Canyon Mine is located in the Kaibab National Forest, about six miles from Grand Canyon National Park’s southern entrance. It was shuttered in 1991 after spot prices for uranium tanked. The company ...
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