Cost ReductionManagement anticipates production costs to decrease into a range of $23 - $30/lb, compared with current costs of about $53/lb.
Production PerformanceThe Pinyon Plain mine has produced better than anticipated, with uranium mining rates exceeding expectations mainly due to higher than anticipated grades.
Regulatory ApprovalThe work plan for construction at the firm’s Donald Project was approved, representing the final regulatory approval to begin construction and operations at the site.