Articles Tagged "uranium"

Pele Mountain Announces Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project with $1.31-Billion Pre-Tax Cash Flow, $662-Million NPV (at 7.5% Discount Rate), 47% IRR

Pele Mountain Resources Inc. (CVE:GEM,OTC:GOLDF) reports its results of a NI 43-101 Preliminary Economic Assessment on its Eco Ridge Mine rare earths and uranium project.

Thorium: Rare Earth Liability or Asset?

The production of rare earth oxides creates radioactive waste in the form of thorium. This material is considered a liability in the processing of rare earths. However, science is quickly developing ways to use the material as nuclear fuel, either in next generation nuclear facilities, or as a substitute to uranium. There are many benefits to switching to thorium as the main fuel for nuclear power.