Nuvemco - Investing in Secure U.S. Supply of Uranium and Vanadium
Bull Canyon District
A priority project that seeks to obtain a designated mining permit and return to production.
Paradox Valley Mines
Last Chance Mine
Permitted & Production Ready Uranium and Vanadium Projects
American Atomics acquired and owns the mineral properties described herein, with only limited exception. Nuvemco maintains ownership of data not related to acquired properties and permits which can be assumed.
On patented and other federal lands these projects target future open pit and underground production. The Mary Ann site is scheduled to be Disa's first commercial HPSA project.
Anchored by a permitted mine, this project last operated in 2008 when it shipped ore with grades of .40% uranium and 2.4% vanadium.
Gateway District
Over a decade of effort is nearing culmination with early commercial deployment of Disa Uranium's HPSA Technology at the October #55 claim. Nuvemco has assigned its permit and agreed to sell its claim to Disa for this breakthrough project.
Uranus Patented NOI
Platform / Database
This project focuses on patented land holdings and related mines that have produced historically. These lands remain attractive exploration candidates.
Nuvemco knows this country. We have an assembled database of uranium and vanadium projects and key relationships within the industry and community.
We are proud neighbors to the U.S. Dept. of Energy Strategic Uranium Reserves and DOE Uranium Leasing Program Lease tracts in Paradox Valley, Colorado.
The program dates back to 1948, when DOE's earliest predecessor, the U.S. Atomic Energy Commission (AEC) was authorized to develop a supply of domestic uranium. Since then, 8+ million pounds of uranium and 41+ million pounds of vanadium have been produced under these leases, earning the DOE $62.9 million in royalties over the years.
These lease tracts are located in southwestern Colorado, in Mesa, Montrose, and San Miguel counties, as shown by the accompanying extract of DOE's map published in March 2014. These lease tracts cover 25,000 acres, more or less, have remaining u3o8 ore reserves of 13 million pounds, and are offered for lease to the domestic uranium industry through a competitive royalty-bid process. These royalties vary by property, with estimated royalties on key leases 20+%.
Uravan - a contraction of uranium and vanadium.
Uravan Mineral Belt - a geographic region in the southwest United States known for sandstone hosted radium, uranium and vanadium deposits (see highlighted area of accompanying map adapted from W Chenoweth, 1981). From 1881 to the late 1970's, the Uravan Mineral Belt, or Belt for short, produced in southwestern Colorado:
~ 364 million pounds of Vanadium and
~ 85 million pounds of Uranium.
Far from being mined out, the Colorado Geological Survey stated the Belt will be "a producer for years to come."
Vanadium - The most significant mineral in the Belt (volume) and the most valuable currently. Vanadium is a premier alloy for strength in steel, used in aerospace metals, and has great promise for VRFB (vanadium redox flow batteries) targeting facility and grid level storage of renewable energy production.
Uranium - At times over the past century, uranium has been the most valuable mineral in the Belt. It fuels nuclear power, the only carbon free, 24x7x365 source of electricity, powers the U.S. Navy, enables the defense of the world, and has numerous medical uses.
U.S. Uranium Reserves
We are proud neighbors to the U.S. Dept. of Energy Strategic Uranium Reserves and ULP Lease tracts in Paradox Valley, Colorado.
U.S. Uranium Reserves
Uravan Mineral Belt
Mining Permits - Key Competitive Advantage
Mining permits in the U.S. require great effort and earned local community support. These permits are held by Nuvemco with American Atomics having the ability to assume them.
The proven ability to navigate and succeed with permitting is a core competency and competitive advantage.
Industry leaders have suggested a time advantage of 3 to 5 years and individual permit values exceeding $1 million. We would not disagree.
Adaption of Index Map highlighting Uravan Mineral Belt
W Chenoweth, DOE, 1981
Prolific Historical Production
Project Outlines and DOE Lease Tracts
Paradox Valley, Colorado
Current Projects - Ore Without High Royalties
The primary area of interest is south of Paradox Valley, Colorado, which is west of Naturita, Colorado and near the border of Colorado and Utah.
The accompanying project outlines maps how projects are intertwined with U.S. Dept. of Energy Strategic Uranium Reserves and ULP tracts 5, 6, 7 ,8, and 9, The one exception is the Gateway District project located further north than the map shows.
Adjoining DOE lease tracts provide numerous benefits, including the maintenance of county roads, primary electrical infrastructure, safety driven underground access, extensive environmental studies, and volumes of public data and analysis for NEPA, PEIS, and geologic requirements. There is also a "social license" benefit as the neighboring community generally supports the DOE.
Simply put, these mineral rights and projects adjoining DOE lease tracts arguably have strategic uranium reserve value without having the royalty obligations of a DOE lease tract.
While past production is not a guarantee of future performance, held property with mineral rights has been home to over fifty mines. These mines provided prolific historical production of uranium and vanadium, as the chart at right summarizes.
Recent work performed shows that not all minerals that have been discovered have been mined. Similarly, additional exploration has been recommended in areas on trend, open, or otherwise just underexplored in the opinion of geologists.
These historical production amounts are not an indication of current mineral resources.
Source: Colorado Geologic Survey, Bulletin 40 (1978) and available production records.
Bull Canyon District - Exploit and Expand on Open Ore Bodies and Trends
The Bull Canyon Project lies in the heart of Colorado’s prolific Uravan Mineral Belt, a historically productive uranium-vanadium district with over a century of mining pedigree. The Bull Canyon Project consolidates multiple past-producing mines, including the Pickett Corral and Blue Streak and multiple exploration targets. A NI 43-101 Technical Report was recently published by American Atomics, which can be found at https://ameratomics.com/nuvemco/ .
There exists an exploration permit for limited drilling and underground bulk sampling. A Colorado designated mining permit and federal plan of operations are being worked.
The accompanying pictures include shots from a 2016 sampling and XRF program at the face of the drift where mining last occurred, the Blue Streak Portal, and a portion of the current permit area.
