RE: EFR Building a Mill Right? Yes EFR is planning to build a mill, but there are a lot of hurdles to cross first, money, permits, contractors, etc. See release;
TORONTO, ONTARIO--(CCNMatthews - Oct. 12, 2006) - Energy Fuels Inc. (TSX VENTURE:EFR) (the "Company") is pleased to confirm earlier newspaper reports in Colorado that its wholly-owned subsidiary, Energy Fuels Resources Corporation ("EFRC"), is in the planning stages of building a uranium and vanadium production mill west of Naturita, Colorado adjacent to a U.S. Department of Energy site in the Paradox Valley.
"The building of a state of the art uranium and vanadium mill to process uranium and vanadium from mines all over the Western Slope of Colorado would be of substantial economic benefit to the region. Denver based technical consultants have been engaged to conduct an environmental assessment and a preliminary feasibility and design study to construct a state of the art, environmentally sensitive mill. We expect that it will likely take two (2) years to complete the State licensing process and another year or so to build it. We have a strong mining and milling team in place to execute the plan" said George Glasier, President and CEO.
The Company is considering various options which may be available to project finance the proposed mill including, for example, long term debt financing secured by long term delivery and take or pay contracts or joint ventures with utilities.
And yes other producers would benefit from the mill's location.