The Voice of the Community Since 1909, Serving Moorcroft and Pine Haven, Wyoming
The Voice of the Community Since 1909, Serving Moorcroft and Pine Haven, Wyoming
Sweetwater commissioners suspend part of uranium company loan payment
ROCK SPRINGS (WNE) — Sweetwater County commissioners agreed to sign documents last week suspending principal payments for a struggling Sweetwater County uranium mine.
Roger Smith, president and chief financial officer of Ur-Energy, came before commissioners to explain difficulties facing the U.S. uranium industry that have affected the Lost Creek mine and to ask them to sign documents that would allow the company to make interest only payments for 18 months on a loan balance of $12.4 million. The original loan was for $34 mi...