Prospects for Labrador uranium mine

Canada's Fronteer Development Group has announced a positive preliminary economic assessment for its Michelin uranium project in the central mineral belt of Labrador.

The study supports a financially robust open-pit and underground uranium mining operation at the Michelin and Jacques Lake deposits, and a milling facility at the Michelin site capable of producing up to 3300 tonnes of uranium oxide (U3O8) per year. The project is held by Fronteer's subsidiary, Aurora Energy Resources.

Canada's operating uranium mines are all in Saskatchewan, with Michelin and Jacques Lake being the first to enter the feasibility stages outside of that province. There are also deposits in Nunavut and Quebec.

Click here to read more about Canada's new Labrador mine.