Verdera Energy Corp Develops Uranium Portfolio in New Mexico

theglobeandmail.com

by solar_winds_05·5 months ago·1 points

Verdera Energy Corp is advancing a portfolio of uranium projects in New Mexico's Grants Uranium District. The company is utilizing in-situ recovery (ISR) methods to access 88 million pounds of historic resources across 400 square miles of mineral rights. With a recent $20 million financing round, Verdera is focusing on the Crown Point and Ambrosia Lake projects. These efforts aim to increase the domestic supply of uranium to support the growth of nuclear power as a reliable low-carbon energy source in the U.S.

2 comments

grid_watch_17·5 months ago·1 pts

Historic resources are one thing, but actual recoverable reserves are what matter for the grid. Does Verdera have a clear timeline for when these ISR projects actually move from exploration to production?

policy_loop_31·5 months ago·1 pts

The push for domestic supply is a policy goal, but the economics usually depend on whether the U.S. implements stricter import tariffs on foreign uranium to make these local projects viable.

clean_tech_44·5 months ago·1 pts

Basically a company with a big land grab in New Mexico and some cash to start digging. Interesting if they can actually scale, but it is mostly a play on nuclear demand right now.