The Pinyon Plain Project (the name of the Canyon Mine was changed to the Pinyon Plain Mine in 2020.) is a fully-permitted uranium project with all surface facilities and a shaft in place.
At the Energy Fuels Pinyon Plain Project, standby, mine preparedness, mine development and environmental compliance activities continued during 2022, including activities to replace the Company’s existing General Permits with an Individual Permit, which was issued on April 28, 2022.
The Company decided in early 2022 to resume construction work at the Pinyon Plain mine.
The timing of the Company’s plans to extract and process mineralized materials from the Pinyon Plain Project will be based on current contract requirements, inventory levels, sustained improvements in general market conditions, procurement of suitable sales contracts and/or the expansion of the U.S. Uranium Reserve Program. |