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New Feasibility Study for Coles Hill Uranium Mine, Virginia

Lyntek Inc. has published the "Coles Hill Conceptual Study," an engineering and feasibility study that looks at a proposed uranium mine and mill in Pittsylvania County. The proposed mining operation in Southside Virginia is likely to bring 350 jobs and about $40 million to the local economy according to the study.

The study was commissioned by Virginia Uranium Inc. which announced plans to explore uranium mining at Coles Hill three years ago. Coles Hill is located six miles northeast of Chatham. The uranium deposit located here was discovered in the early 1980s.


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It is supposed to be the largest uranium deposit in the Unites States and has an estimated value of $7 billion. The study estimates the initial investment of setting up the uranium mine and mill at $200 to $220 million.

The project is expected to have a lifespan of about 30 to 35 years and is expected to generate annual revenue between $100 to $140 million depending on ore grades and the production rates. Patrick Wales, project manager for Virginia Uranium, said the study conducted by Lakewood, Colorado based Lyntek Inc. is largely consistent with the company's own estimates.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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