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Answers - Part One: New Mexico Uranium: Who are the Serious Players
Several uranium development companies have set their sights on New Mexico. Two are actively involved in permitting their properties for production. One was the first to be issued a drilling permit in about a decade; another awaits a permit in order to drill the company’s property. Another is an 800-pound gorilla in the nuclear fuel cycle. Three others have properties or continue to assemble
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
a land package in New Mexico. The following is a brief review of the projects of these uranium development or exploration companies, currently holding property or moving forward.
The front runners include Uranium Resources, Strathmore Minerals and General Atomics. Companies moving forward include Laramide Resources and Western Uranium. Companies to also watch include Energy Metals, Max Reso
The front runners include Uranium Resources, Strathmore Minerals and General Atomics. Companies moving forward include Laramide Resources and Western Uranium. Companies to also watch include Energy Metals, Max Reso
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
rce Corp and Powertech Uranium. Each has various plans to advance their projects and should be reviewed on their merits.
Uranium Resources Inc.
Uranium Resources is the top front runner in New Mexico. The company has devoted a great deal of time and money to permit its Church Rock property. In an interview with Craig Bartels, president of HRI (a wholly owned subsidiary of Uranium Resources
Uranium Resources Inc.
Uranium Resources is the top front runner in New Mexico. The company has devoted a great deal of time and money to permit its Church Rock property. In an interview with Craig Bartels, president of HRI (a wholly owned subsidiary of Uranium Resources
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
, he told us, “We hope we can begin construction at the property in 2007.” The company has cleared numerous hurdles, posed by local environmentalists, having successfully won every legal battle to date. Its parent company produces about 1 million pounds annually in Texas. Earlier this year, Uranium Resources announced a proposed joint venture on the company’s Church Rock property with Japane
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
e conglomerate, Itochu Corporation.
Phillips Petroleum made the Church Rock uranium discovery in the 1950s, and later sold the project to United Nuclear (UNC). UNC constructed a mill and mine to the northeast. One HRI property, at Crownpoint, was developed by Mobil Oil as an In Situ Recovery (ISR) project. Earlier work at Crownpoint was done by Westinghouse and Conoco. Phillips developed HR
Phillips Petroleum made the Church Rock uranium discovery in the 1950s, and later sold the project to United Nuclear (UNC). UNC constructed a mill and mine to the northeast. One HRI property, at Crownpoint, was developed by Mobil Oil as an In Situ Recovery (ISR) project. Earlier work at Crownpoint was done by Westinghouse and Conoco. Phillips developed HR
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
’s uranium property at Nose Rock; Kerr-McGee did the original uranium drilling at Roca Honda. Uranium Resources holds about 185,000 acres in the southern San Juan Basin of New Mexico.
Through the uranium depression, Uranium Resources was the “lone man” in New Mexico. Now times have changed. “It is great having other companies coming in here now,” said Bartels. “There is so much uranium, and
Through the uranium depression, Uranium Resources was the “lone man” in New Mexico. Now times have changed. “It is great having other companies coming in here now,” said Bartels. “There is so much uranium, and
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
the national attitude has changed so dramatically over the last year, that there is an actual excitement as to what can be done now.” Bartels looks forward to the success of the company’s first uranium projects in New Mexico, on the western end of the Grants Uranium Belt. He explained, “Using a pretty typical recovery rate of 75 percent for ISR, recovery would be about 4.9 million pounds on
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ection 8, and 6.3 million pounds recovered at Sec 17.” Bartels told us he has been advertising for employees in the northwestern New Mexico newspapers.
Strathmore Minerals Corp
Strathmore Minerals Corp controls a number of advanced uranium properties in New Mexico. The company’s most advanced efforts have been proceeding with the permitting phase on its Church Rock property. To date, the N
Strathmore Minerals Corp
Strathmore Minerals Corp controls a number of advanced uranium properties in New Mexico. The company’s most advanced efforts have been proceeding with the permitting phase on its Church Rock property. To date, the N
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
tional Instrument 43-101 resource calculations on two properties, the Church Rock and Roca Honda deposits, total nearly 50 million pounds in measured indicated, and inferred categories. Historical uranium calculations on other Strathmore properties in New Mexico, which are non-compliant by National Instrument 43-101 standards, indicate there may a similar amount in addition to what has been
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
eported. Strathmore Minerals President and Chief Operating Officer David Miller told us via email, “It is Strathmore’s intent to become the premier uranium producer in New Mexico.” The company has approximately C$40 million in the bank to advance its projects.
The company has followed the lead of Uranium Resources in the Church Rock area. Miller told us, “There are two ISR projects in vario
The company has followed the lead of Uranium Resources in the Church Rock area. Miller told us, “There are two ISR projects in vario
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
s stages of permitting in the Church Rock area, which Strathmore started a year ago.” The company has issued news releases updating investors on its permitting progress in New Mexico. In February, the company announced it was on schedule and under budget in permitting its Church Rock uranium property. A mid-April update announced Strathmore was developing its mandatory corporate programs in
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
the permitting process and was advancing toward the licensing phase of its In Situ Recovery process. Dependent upon when Uranium Resources receives its final approval to commence its nearby ISR project, Strathmore Minerals should quickly follow with its project. Please see final section of this article about the company’s Roca Honda project.
General Atomics
Meet the 800-pound gorilla. Not
General Atomics
Meet the 800-pound gorilla. Not
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
nly is General Atomics in the front end of the nuclear cycle with a uranium mining subsidiary, it is a privately held company whose interests are widespread across the nuclear fuel cycle. GA is its acronym, and the one used in this industry. Founded in 1955 as a division of General Dynamics, GA has over 20 locations worldwide, manufacturing a variety of high technology products for commercia
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
and government applications. For example, its aeronautical affiliate manufactures unmanned aircraft, surveillance and radar imaging systems.
GA covers a good part of the nuclear fuel cycle. In Australia, through Heathgate Resources, the company owns and operates the Beverly ISL mine. Its ConverDyn affiliate converts U3O8 into UF6 (uranium hexafluoride), which is the step preceding uranium
GA covers a good part of the nuclear fuel cycle. In Australia, through Heathgate Resources, the company owns and operates the Beverly ISL mine. Its ConverDyn affiliate converts U3O8 into UF6 (uranium hexafluoride), which is the step preceding uranium
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
nrichment. Another affiliate, the Cotter Corporation, holds various uranium properties and a licensed mill near Canon City, Colorado.
General Atomics also owns the largest uranium resource in the United States through its affiliate, Rio Grande Resources Corporation. The crown jewel of the company’s uranium holdings are found in the Mt. Taylor deposit. Before the project was placed on standb
General Atomics also owns the largest uranium resource in the United States through its affiliate, Rio Grande Resources Corporation. The crown jewel of the company’s uranium holdings are found in the Mt. Taylor deposit. Before the project was placed on standb
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
in 1989, more than 8 million pounds of U3O8 were produced. The deposit occurs at 3000 feet below the surface with ore grades ranging between 0.15 percent and 2 percent U3O8. During the mine’s production, grades average 0.5 percent. Mt. Taylor reportedly contains an in-place resource of more than 100 million pounds of U3O8. GA is reportedly evaluating the deposit for an ISR operation.
Laram
Laram
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
de Resources
Laramide Resources has made a strong footprint in Australia, but it also moving forward with its New Mexico uranium property. The company’s La Jara Mesa deposit is located about 12 miles outside Grants, within the San Mateo Mountains, near Mt. Taylor. Homestake had previously operated a mill in the district. Work was first commenced in the La Jara Mesa area in the 1950s. Homest
Laramide Resources has made a strong footprint in Australia, but it also moving forward with its New Mexico uranium property. The company’s La Jara Mesa deposit is located about 12 miles outside Grants, within the San Mateo Mountains, near Mt. Taylor. Homestake had previously operated a mill in the district. Work was first commenced in the La Jara Mesa area in the 1950s. Homest
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ke drilled 86 holes between 1967 and 1971 and abandoned the property after only a few high grade intersections. After the property changed hands in the 1970s and 1980s, a discovery hole was drilled in 1980. Power Resources (now a Cameco Corp subsidiary) drilled more than 500 holes. Homestake again re-entered the project in 1983 and completed metallurgical tests on the drill core. Homestake a
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
so completed a mining plan and feasibility study on the Dena Rich deposit, but stopped all work after the uranium price crashed.
In a conversation with Laramide Resources Chief Executive Marc Henderson, he told us, “The La Jara Mesa property may be the key piece of the puzzle,” referring to the Ambrosia Lake district. “It has the easiest production scenario and the easiest access,” Henderso
In a conversation with Laramide Resources Chief Executive Marc Henderson, he told us, “The La Jara Mesa property may be the key piece of the puzzle,” referring to the Ambrosia Lake district. “It has the easiest production scenario and the easiest access,” Henderso
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
said. The company’s website reports the project has a resource of approximately 7 million pounds of U308 (not compliant with National Instrument 43-101). The U.S. Forest Service is now awaiting public comments on the proposal by Laramide to drill ten test holes, about 600 feet deep, to confirm exploration findings from the 1980s.
COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED
COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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