Wildhorse Sells Wyoming Uranium Project For $1.4M
CASPER, Wyo. (AP) — Wildhorse Energy says it has sold its Sweetwater uranium project to an unidentified mining company for $1.4 million.
Australia-based Wildhorse says it will use the money to help fund a feasibility study of an underground coal gasification project in Hungary.
The unnamed buyer also has a four-month option to purchase Wildhorse's Bison Basin project in Fremont County for $100,000.
The Associated Press reports that if Wildhorse sold both project sites in Wyoming, it wouldn't have any projects left in the state.
The Wildhorse deal comes amid a surge of development of uranium properties in Wyoming, as companies with uranium interests seek to benefit from increased prices for uranium.