Uranium · Junior / Minor · Developer · USA
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Development · 3 projects
Velvet-Wood
Asset · Development
Project information
As at 6 May 2023
Description
As at 6 May 2023
Underground uranium and vanadium project comprising the Velvet and Wood mine areas. Located within the Lisbon Valley physiographic province in San Juan County, Utah, approximately 31 miles from Monticello. Property includes unpatented mining claims and a State of Utah mineral lease totaling approximately 2,166 acres. Irregular tabular bodies located at the base, top, or close to pinch-outs of fluvial arkose sandstone units within the Cutler Formation. Acquired in August 2015 from Uranium One; the Velvet mine historically produced 4.2 Mlb U3O8 and 4.8 Mlb V2O5. May 2023 PEA (combined with Slick Rock) outlines a conventional random room and pillar underground mine operation with material hauled to the Shootaring Canyon Mill. Construction activities launched in November 2025 following approval from the Utah Department of Oil, Gas and Mining.
Mining metrics
As at 6 May 2023 · exclusive
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Reserves & resources — detail
As at 6 May 2023
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West Slope
Asset · Development
Project information
As at 10 April 2022
Description
As at 10 April 2022
Uranium and vanadium complex comprising four contiguous DOE leases (JD-6, JD-7, JD-8, and JD-9) that were previously developed and mined. Located within the Uravan Mineral District of southwestern Colorado, approximately 10 miles west of Naturita. Property covers 2,355 acres of DOE Mineral Leases, encumbered by a 15% royalty retained by Cotter Corporation and DOE royalties. Sandstone-hosted, channel-bound tabular and lenticular deposits within the Salt Wash member of the Jurassic Morrison Formation. Acquired in March 2019 from Cotter Corporation; historical production from the 1970s to early 2000s totaled over 1.3 Mlb U3O8 and 6.6 Mlb V2O5. Permitting application submitted to restart the JD-8 mine with a target operational restart in the second half of 2026. 2025 verification drilling program completed at JD-7. Key risks: combined royalty burden from Cotter and DOE considered excessive.
Mining metrics
As at 10 April 2022 · exclusive
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Reserves & resources — detail
As at 10 April 2022
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Slick Rock
Asset · Development
Project information
Description
Underground uranium and vanadium project located in the southern end of the Uravan mineral belt. Located in San Miguel County, Colorado, approximately 23.9 miles north of Dove Creek and east of the Dolores River. Property comprises 268 mineral lode claims encompassing approximately 4,976 acres, with certain claims subject to 1% to 3% royalties. Colorado Plateau-style uranium/vanadium mineralization hosted by the Upper Jurassic Morrison Formation. Acquired from Uranium Energy Corp. in an asset swap transaction in April 2022; the Slick Rock District historically produced 2.2 Mlb U3O8 and 13.9 Mlb V2O5. May 2023 PEA (combined with Velvet-Wood) outlines a conventional random room and pillar underground mine operation with material hauled to the Shootaring Canyon Mill. 14-hole verification drilling program completed in early 2025.
Mining metrics
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Processing facilities · 1 project
Shootaring Canyon Mill
Asset · Development
Project information
Description
Conventional acid-leach uranium mill located in Garfield County, Utah, approximately 52 miles south of Hanksville. Property includes approximately 905 acres of surface and mineral fee lands. Constructed in 1980 by Plateau Resources and operated briefly in 1982, producing 27,825 pounds of U3O8. Acquired in August 2015 from Uranium One. Currently under care and maintenance with an active Radioactive Materials License; an amendment to convert to operational status is under review. Planned refurbishment includes adding a vanadium recovery circuit to process material from the Velvet-Wood and Slick Rock projects.
Processing facilities
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Energy Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Energy metals (uranium)
- U₃O₈ vs U metal. Reserves are usually in lb or t U₃O₈; multiply by ~0.848 for U metal. Fuel-cycle contracts may quote kgU as UF₆ (schema: kgu).
- % U₃O₈ vs ppm U₃O₈. Athabasca grades can exceed 10%; ISR deposits often 0.05–0.5%. The schema preserves the source unit.
- ISR vs conventional. ISR tonnage is often m³ leach solution, not rock mass — cost structure differs from underground/open-pit.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Uranium
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
Commodity guides
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