Low Uranium Prices Forces Uranium One to Lay Off 26 Employees

The Billings Gazette announced that Uranium One (TSX:UUU) plans to lay off 26 workers at its Willow Creek Mine will be laid off at the end of June, as they are ceasing to drill new wells because of low uranium prices.

As quoted in the Billings Gazette report:

Sixteen of the laid-off employees worked at the Willow Creek Mine, which straddles the Campbell and Johnson county border, primarily in construction of wells, said Donna Wichers, a senior vice president of Americas for Uranium One. They worked in drilling and well casing.

To view the whole Billings Gazette report, click here.