roy's jv partner has uranium mill approved, page-2

Mongrel

Thanks for the post. The Canadian and overseas punters liked the release more than ROY followers. Energy Fuels Resources jumped from 86c to $1.20 on the news.

For ROY shareholders here is a report by EFR on their holdings.

Energy Fuels' and Royal Resources' JV "Colorado Plateau Partners" Acquires Uravan Mineral Belt Properties from Uranium One
TORONTO, ONTARIO, Dec. 6, 2010 (Marketwire) -- Energy Fuels Inc. ("Energy Fuels" or the "Company") (TSX:EFR), an advanced uranium and vanadium development company, and Royal Resources Limited ("Royal"), its Perth, Australia based 50/50 joint venture partner, announced today that their Colorado Plateau Partners LLC joint venture ("CPP") has acquired 94 contiguous mining claims (1,942 acres) in the Sage Plain area of Utah and Colorado at the south end of the Uravan Mineral Belt, along with a Utah State Mineral Lease on two nearby properties (733 acres). All of these properties were acquired from Uranium One. They are located in close proximity to two other Utah State leases already owned by CPP and are about 70 highway miles from Energy Fuels' proposed Pinon Ridge Mill.

Historic reports by Umetco Minerals Corp. (successor to Union Carbide Corp.) prepared in 1991 indicate resources of some 345,000 lbs. U3O8 and 2.7 million lbs. V2O5 (not presently 43-101 compliant) on the State lease. A technical report prepared by Roscoe Postle Associates (September 15, 2005) for a prior owner of the claims (U.S. Energy Corp) refers to historic resource estimates by Atlas Minerals of 438,000 lbs U3O8 and 3 million lbs V2O5 on the block of 94 mining claims. The properties were acquired for a nominal cash payment and overriding royalties.

The properties acquired include the historically producing Sage Mine. They border the well-known Deremo and Calliham Mines, both most recently operated by Umetco. Combined historic production from the Deremo and Calliham is over 8 million lbs. U3O8 and 70 million lbs. of V2O5. END

If any shareholders need to keep a track on EFR, you will need to access the Canadian stock exchange, the web address is Http://www.tmx.com Enter the code EFR to get the info.

I rang ROY office they told me the MD of ROY is in the US on business at present.