Energy Fuels, the Canadian company that worked through the arduous licensing and permitting of the planned Piñon Ridge Uranium Mill in western Colorado’s Paradox Valley, is selling the mill site and other assets to a private group led by the company’s former president.
Energy Fuels that it plans to sell the licensed and permitted mill for $2.05 million to Montrose-based Piñon Ridge Corp., a private investment group led by Baobab Asset Management LLC and George Glasier. Glasier, who lives in Montrose County, led publicly traded Energy Fuels from 2006-10.
The deal — which the company said Tuesday includes several mines along the Utah-Colorado border — requires regulatory approval and a 45-day period to collect public comment. Other mining assets will be sold to Glasier’s company in a separate transaction, Energy Fuels said.
Energy Fuels after a lengthy and contentious process.
A Denver district judge overturned the approval and ordered a new public hearing for the proposed mill, which would be the first in the U.S. in three decades.
, the Colorado Department of Public Health and Environment issued the radioactive materials .
Two environmental groups, Sheep Mountain Alliance and Rocky Mountain Wild filed for a judicial review of the department’s approval process in Denver District Court and that case is pending.
