The Goliad Project Area consists of multiple contiguous leases that would allow the mining of uranium by ISR methods. Goliad is fully permitted to mine.
In Texas, Uranium Energies fully-licensed and 100% owned Hobson Processing Facility forms the basis for regional operating strategy in the State of Texas, specifically the South Texas Uranium Belt where ISR mining is utilizes. Uranium Energt utilize a “hub-and-spoke” strategy whereby the Hobson Processing Facility, which has a physical capacity to process uranium-loaded resins up to a total of two million pounds of U3O8 annually and is licensed to process up to one million pounds of U3O8 annually, acts as the central processing site (the “hub”) for Palangana Mine, and future satellite uranium mining activities, such as Burke Hollow and Goliad Projects, located within the South Texas Uranium Belt (the “spokes”). |