As many of you will be aware, Peru’s Macusani region has been known to contain considerable quantities of uranium for some time now. Several companies, including Fission, have staked properties there and because the uranium has been found close to the surface there is a lot of interest in the area.
One company in particular – Macuani Yellowcake – is very active and has been vocal in its plans to develop Peru’s first uranium mine. I was therefore interested to read their latest press release showing ‘very favourable’ results from their ion exchange tests.
You can read the release for the full description but in layman’s terms it’s enough to know that the tests suggest that uranium extraction using ion exchange will be both financially and environmentally advantageous. This is important because bringing new sources of uranium supply online can be a mammoth task from both a cost and time perspective and the more these costs can be lowered, the more viable production becomes.
At a time when we are approaching the end of the HEU agreement and, what many believe to be the start of a uranium supply crunch, it is good news that Macusani is getting closer to fulfilling its promise as a new uranium producing district.
If you haven’t already done so, check out our Macusani project page or, if you are a Spanish speaker you can visit the Spanish language section of our website here.
