Titan Uranium Announces Positive Preliminary Feasibility Study

Titan Uranium reports that it has completed a preliminary feasibility study  for its 100% owned Sheep Mountain uranium project, Fremont County, Wyoming.

The study was prepared by a group of consultants led by BRS Inc., an independent engineering consulting firm based in Denver, Colorado. A number of other independent consulting firms including Western States Mining Consultants, Lyntek Inc. and McNulty and Associates provided their study results for use in developing the PFS. The project generates a pre-tax Internal Rate of Return of 25%, with a Net Present Value of $101 million. All currency amounts are quoted in US dollars.

Brian Reilly, President and CEO of Titan Uranium states:

“The results of the PFS confirm our view that Sheep Mountain is a high quality project which exhibits robust economics. This is a significant milestone in the development of the project which will utilize conventional mining methodologies and state-of-the-art equipment. We will continue to work with all stakeholders to advance the project toward production.”

For complete news release, click here.