Texas Mining News

Texas building gold depository with $100B capacity and security that rivals Fort Knox

Governor Greg Abbott said when the project was announced last year that it would allow Texas to “repatriate” its gold from New York.

Worthless just two years ago, West Texas sand now brings in billions

Until the miners arrived, these dunes were a quasi-barren wasteland. And the price of sand was, well, zero.

Which has the bigger economy: Texas or Russia?

Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $40 billion larger.

Uranium Energy Corp receives final mine permit for its Burke Hollow ISR project in South Texas

Burke Hollow is the third project to be developed as part of the Company's hub-and-spoke strategy that is designed for low-cost ISR mining operations.

Texas town evacuated following pipeline explosion

The accident occurred when a construction crew accidentally drilled into a 10-inch liquefied petroleum gas line.

Texas coal miner tangled in legal dispute; bankruptcy looms

Luminant Mining fights with Texas family over plot of land.

Fracking one "probable cause" of South Texas earthquakes

News comes on the heels of another study implying a link between fracking and the recent wave of earthquakes that has hit Ohio.

Aurcana reports record results for Q2, 2012

During Q2 2012 Aurcana completed the expansion of the La Negra mill capacity to 2,500 tpd and both production and revenue increased at La Negra even with the significant drop in metal prices.

Operating expenses rise at Uranium Resources during 3Q

Uranium Resources, a Texas-based in-situ uranium miner, says that cost increased in 3Q due to challenging drilling conditions and higher equipment costs. "This resulted in fewer than desired drilled holes and about two additional months of exploration time,” said Don Ewigleben, President and CEO of Uranium Resources in a statement. Operating expenses were $133,753 for 3Q compared with $67,260 in 2010. The overall loss from operations was $2,827,097, down from $3,730,998 a year ago when the company had a $1.37 million provision for a legal settlement.

Uranium Resources, Inc. provides third quarter 2011 update

LEWISVILLE, Texas--(BUSINESS WIRE)--Uranium Resources, Inc. (NASDAQ: URRE) (URI), today provided an update on the Company’s activities and its liquidity position for the third quarter of 2011 as well as its strategy and outlook. Texas Exploration and...

Texas Rare Earth Resources receives approval by the Texas General Land Office to expand its exploration efforts at Round Top

DENVER & SIERRA BLANCA, Texas--(BUSINESS WIRE)--Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that its supplementary operating plan to expand exploration activities at the Round Top project has been approved by the Texas General Land Office (GLO). Independently published data indicates the property may contain approximately 1.6 billion metric tons of rhyolite host rock, containing rare earth minerals with potentially a 70% ratio of heavy to total rare earth minerals.

Texas Rare Earth Resources Corp starts drilling at heavy Round Top Project

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

Arab League injection earns Texas miner $107m windfall

After an initial 5% jump, shares in Arabian American Development Co was flat at midday on Wednesday on four times usual volumes following news of a $37m injection into the Texas-based company's Saudi mine by a fund controlled by the League of Arab States. Shareholders in the 44-year old Nasdaq-listed company saw the value of their investment rise a cool $107m as a result of the transaction. The gold, silver and copper mine in a Yemen border province is the only non-government mine in the Saudi kingdom and is scheduled to begin production early next year.

Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update

Uranium Energy Corp (NYSE AMEX:UEC, the "Company") is pleased to report its financial and production results for the nine months ended April 30, 2011.  Major highlights during the third quarter include the following: Results continue to indicate low-cost production profile: During the third quarter, which incorporates our first full quarter of Palangana Mine production, we produced 49,000 pounds of U3O8 in inventory, including work-in-progress, versus 21,000 pounds in the previous quarter. 

Uranium Resources puts production on hold

Uranium Resources does not expect to return to production in Texas in 2011 given current uranium pricing, unfavourable sales contracts and less than lucrative resources that are available. Uranium Resources made the statement in its 2011 first quarter update on Thursday. Instead the company is focused on reclamation activities in Texas since its two remaining operating wellfields were fully depleted in June 2009.