AIM-listed Vane in early stages of uranium drilling

VANE, the exploration company, said it will start the “commercialisation” of its Wate uranium deposit in Arizona following the completion of research undertaken by a consultant.

The deposit will be used to supply the growing US nuclear power industry.

Chief executive Steve Van Nort said: “The results of SRK’s model construction, resource calculation and conclusions will allow VANE and our partner, Uranium One Exploration, to advance the commercialisation of the Wate deposit… development can begin which would include detailed drilling of the orebody from underground via a development shaft and the laying out of the mining operation.”