Virginia Uranium’s new owner hopes to wait out mining moratorium
November 21, 2022, 12:00PMNuclear News
Coles Hill property location. (Image: Consolidated Uranium)
Consolidated Uranium plans to acquire Virginia Energy Resources, which owns Virginia Uranium and the Coles Hill Uranium Project, an undeveloped uranium deposit that sits under about 3,000 acres of land in south central Virginia. The state’s General Assembly has maintained a moratorium on uranium mining since 1982 that was upheld in the courts as recently as 2020, but Consolidated Uranium sees reason for “confidence that the moratorium on developing uranium projects in the state may ultimately be overcome,” and appears content to settle in for a wait.
To continue reading, log in or create a free account!
