In this section:
PROJECT OVERVIEW
The Hobson Facility is an ISR uranium processing facility, located about 100 miles northwest of
Corpus Christi in
Karnes County,
Texas. Hobson was originally licensed and constructed in 1978, and was subsequently totally refurbished and expanded to a drying and packaging capacity of 1,000,000 pounds of U3O8 per year in Q3 2008. Hobson’s capacity can easily be doubled with the installation of a second and larger vacuum dryer.
The facility at Hobson is designed to process uranium-loaded resins from satellite facilities to a final product commonly known as yellowcake or U3O8. By utilizing the Hobson facility as a central processing site, the Company’s near-term plan is to have Goliad, and potentially Nichols and Palangana, ISR production processed at Hobson rather than to construct a new processing plant at Goliad. The Company’s Goliad and Nichols projects are 40 miles east and 5 miles southwest of Hobson, respectively.
Texas uranium mining was first established in the late 1950s in
Karnes
County where Hobson is situated, and the Karnes County Commissioners have recently passed resolutions in support of uranium mining. Additionally, the Duval County Commissioners, in late 2006, similarly adopted a pro-uranium mining resolution. The Palangana project is located in
Duval
County.
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