Overview
Stage
Accessing rehab options for near term production
Location
Western Colorado
The Sage Mine, owned by Western Uranium & Vanadium Corp., is located in the prolific uranium-producing region of southwestern Colorado. It is part of the Uravan Mineral Belt, an area well-known for its rich deposits of both uranium and vanadium, which have been mined for decades. The Sage Mine was historically developed and operated during the uranium boom in the mid-20th century, contributing to the U.S. government’s stockpile of uranium for nuclear energy and defense purposes. Like many mines in the region, operations at Sage were halted as uranium demand waned in the late 20th century, but the site still holds significant untapped resources.
Western Uranium & Vanadium is focused on reactivating the Sage Mine in response to the increasing demand for uranium, driven by the global shift towards nuclear energy as a clean power source. The Sage Mine is particularly valuable because of its high-grade uranium and vanadium reserves, making it an attractive prospect for future production. As part of its broader strategy,. The Sage mine is partially permitted and bonded, further permits must be obtained prior to the commencement of production. The reactivation of the Sage Mine positions it to become a key contributor to Western Uranium & Vanadium’s portfolio of active mining projects providing feed stock for the companies processing plant.
