Uranium Resources has received permit from the Railroad Commission of Texas’ Surface Mining and Reclamation Division to execute the exploratory drilling at the 54,847 acres in Kenedy County, Texas, which is called as the ‘Los Finados Project.’
The company has signed a joint venture agreement with Cameco and received this exploration permit. URI is ready to commence the drilling program. Both the companies have concluded the objectives of exploration and are expecting to begin the drill program in this summer.
URI has concluded a three-phase, three-year exploration program agreement with Cameco Texas, which is a subsidiary of Power Resources. The company will start drilling program compliant with the permit constraints that is efficient for one year.
Uranium Resources is an expert in exploring, developing and mining uranium. Using in-situ recovery processes, URI has produced more than 8 million pounds of uranium in Texas since 1977. The company presently has ISR mining projects in Texas.
Source: http://www.uraniumresources.com/