Annual Energy Review
Release Date: October 19, 2011
Next Update: August 2012
Table 4.13 Uranium Reserves and Resources, 2008
(Million Pounds Uranium Oxide) |
Resource Category and State |
Forward-Cost 1 Category (dollars 2 per pound) |
|---|
| $50 or Less |
$100 or Less |
Reserves 3 |
539 |
1,227 |
Wyoming |
220 |
446 |
New Mexico |
179 |
390 |
Arizona, Colorado, Utah |
63 |
198 |
Texas |
27 |
40 |
Others 4 |
50 |
154 |
Potential Resources 5
|
|
|
Estimated Additional Resources
|
3,310 |
4,850 |
Speculative Resources
|
2,230 |
3,480 |
1Forward costs include the costs for power and fuel, labor, materials, insurance, severance and ad
valorem taxes, and applicable administrative costs. Past capital costs are considered "sunk" costs and
mining of the individual deposits may or may not return such costs to investors. Sunk costs for such items
as exploration and land acquisition are excluded as are the costs for income taxes, profit, and the cost of
money. The forward costs used to estimate U.S. uranium ore reserves are independent of the price at
which uranium produced from the estimated reserves might be sold in the commercial market. Resource
values in forward-cost categories are cumulative; that is, the quantity at each level of forward cost includes
all reserves/resources at the lower cost in that category. |
5Shown are the mean values for the distribution of estimates for each forward-cost category, rounded
to the nearest million pounds uranium oxide. |
| 2Prices are not adjusted for inflation. See "Nominal Dollars" in Glossary. |
Notes: · Estimates are at end of year. · See "Uranium Oxide" in Glossary. · For updates, see
http://www.eia.gov/cneaf/nuclear/page/reserves/ures.html. |
3The U.S. Energy Information Administration (EIA) category of uranium reserves is equivalent to the
internationally reported category of "Reasonably Assured Resources" (RAR). |
Web Page: For related information, see http://www.eia.gov/nuclear/. |
4Alaska, California, Idaho, Montana, Nebraska, Nevada, North Dakota, Oregon, South Dakota, Virginia,
and Washington. |
Sources: Reserves: EIA, U.S. Uranium Reserves Estimates (July 2010), Table 1. Potential
Resources: EIA estimates based on uranium resources data developed under the National Uranium
Resource Evaluation program and U.S. Geological Survey Uranium Resource Assessment Project using
methodology described in Uranium Resource Assessment by the Geological Survey: Methodology and
Plan to Update the National Resource Base, U.S. Geological Survey Circular 994 (1987). |
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