Thor Energy Unlocks Uranium Waste Value with NRC-Licensed Partner DISA
Thor Energy has inked a binding agreement with DISA Technologies to treat uranium waste at its Colorado Projects, leveraging DISA’s newly granted U.S. Nuclear Regulatory Commission license. This deal promises revenue from recovered uranium and critical minerals without upfront costs.
- Binding agreement signed with DISA Technologies for uranium waste treatment
- DISA awarded final U.S. Nuclear Regulatory Commission Service Providers License
- Thor to receive gross revenue share from recovered uranium and critical minerals
- No capital or operating expenses required from Thor or its subsidiary
- Environmental remediation benefits aligned with U.S. government strategic priorities
Strategic Partnership to Monetize Legacy Uranium Waste
Thor Energy has taken a significant step forward in unlocking value from its Colorado uranium claims by executing a full binding agreement with DISA Technologies. The partnership aims to evaluate and potentially treat historically abandoned uranium mine waste dumps using DISA’s patented High-Pressure Slurry Ablation (HPSA) technology. This innovative process not only recovers saleable uranium and other critical minerals but also addresses environmental concerns associated with legacy mine waste.
DISA’s recent receipt of the final U.S. Nuclear Regulatory Commission (NRC) Service Providers License marks a milestone, making it the first company authorized to remediate abandoned uranium mine waste in the United States. This regulatory approval clears the path for deploying DISA’s modular mobile plants at Thor’s Colorado Projects, where thirteen prospective waste dumps have already been surveyed, with potential for more to be added.
Revenue Without Upfront Costs
Under the terms of the agreement, Thor’s U.S. subsidiary, Standard Minerals Inc., will receive a gross revenue share from the sale of recovered uranium and critical mineral concentrates. The revenue share operates on a sliding scale starting at 2.5%, increasing to 4.0% depending on metal prices. Importantly, Thor and Standard are not responsible for any capital or operating expenditures related to the evaluation, permitting, treatment, or remediation activities, which DISA will fully fund and operate.
This arrangement allows Thor to potentially generate income from otherwise dormant assets while mitigating financial risk. The partnership also aligns with broader U.S. government initiatives aimed at boosting domestic production of critical minerals from legacy mine waste, as outlined in the Department of the Interior’s recent Secretarial Order.
Environmental and Strategic Implications
Beyond the commercial upside, the HPSA technology offers substantial environmental benefits. Studies conducted in collaboration with the U.S. Environmental Protection Agency demonstrate that the process can remove approximately 90% of uranium and radium-226 from treated waste, significantly improving local watershed conditions. This remediation aspect enhances the project’s appeal amid increasing regulatory and societal focus on sustainable mining practices.
Thor’s Managing Director Andrew Hume highlighted the company’s enthusiasm about moving towards production, emphasizing the dual value of revenue generation and environmental restoration. With DISA now licensed and ready to proceed, the next phase involves detailed characterization of the waste dumps through assay and gamma probe programs to quantify recoverable minerals and finalize economic evaluations.
Looking Ahead
While the potential revenue remains uncertain pending further analysis, the agreement positions Thor to capitalize on a unique opportunity to monetize legacy uranium waste without upfront investment. The collaboration with DISA, supported by regulatory approvals and government policy, could serve as a blueprint for similar projects across the U.S. mining sector.
Bottom Line?
Thor Energy’s deal with DISA sets the stage for turning legacy uranium waste into revenue and environmental progress, with key assay results and permits now in focus.
Questions in the middle?
- What quantities of uranium and critical minerals will assays reveal in the Colorado waste dumps?
- How quickly can DISA commence treatment operations following permit approvals?
- Could this partnership model be replicated across other legacy uranium sites in the U.S.?
