Mining of a wide range of commodities produces waste, typically the rock that has been crushed and the valuable minerals extracted. Over years of mining, this waste is accumulated close to mining operations, or used to backfill mines for rehabilitation. As commodity prices rise, and as technology improves, it becomes economically viable to reprocess these materials and extract lower concentrations of minerals.

WildHorse Energy’s team has experience in the identification and analysis of such opportunities for secondary processing, and it is reviewing a wide range of potential projects for the recovery of low levels of uranium from existing stockpiles. Secondary processing represents a fast tracked and low cost path to production, with limited mining costs and no exploration or development work required with recovery achieved through conventional processing plants.

This first project WildHorse has embarked upon is Eurash, a joint venture with Sparton Resources Inc to identify and progress the development of uranium extraction from coal ash in Europe. This is a further extension of WildHorse’s strategy to be a major uranium supplier in Europe, with a potential secondary source of uranium that could be developed more rapidly than mining.

Sparton Resources, has extensive experience in uranium extraction from coal ash in China, with established technology partners from the US. For more information on Sparton and its uranium extraction experience, please visit www.spartonres.ca.

Eurash has an agreement with Bakonyi Erőmű Zrt (BEZ), the owner of large volumes of mining slag and fly ash as waste products from a coal fired power station at Ajka in western Hungary. These waste products contain a variety of minerals, including uranium.  Eurash plans to evaluate the uranium content of the ash as well as other metals in the mining slag, with a view to developing a project to recover and process the uranium and other metals.