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Apr 15, 2013 4:28 PM by Juice Godfrey

Colo. company seeks to revive Wyo. uranium mine

JEFFREY CITY, Wyo. (AP) - A Colorado company is planning to reopen a uranium mine in central Wyoming.

Lakewood, Colo.-based Energy Fuels says reopening the Sheep Mountain mine outside Jeffrey City would create nearly 170 jobs. That's three times the current population of Jeffrey City.

Company officials recently updated Fremont County commissioners on the project. They said construction work to reopen the mine could begin in late 2015.

The Casper Star-Tribune reports Energy Fuels recently acquired the rights to the mine from Titan Uranium.

Jeffrey City used to be a boomtown of 5,000 people because of uranium mining. The town lost nearly all of its population after uranium prices collapsed in the 1980s and mining stopped.

Energy Fuels officials are optimistic that higher prices will make the mine feasible once again.

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