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Wildhorse sells Wyoming uranium project for $1.4M

CASPER, Wyo. (AP) -- Wildhorse Energy says it has sold its Sweetwater uranium project to an unidentified mining company for $1.4 million.

Australia-based Wildhorse says it will use the money to help fund a feasibility study of an underground coal gasification project in Hungary.

The unnamed buyer also has a four-month option to purchase Wildhorse's Bison Basin project in Fremont County for $100,000.

The Casper Star-Tribune reports (http://bit.ly/I67bz0 ) that if Wildhorse sold both project sites in Wyoming, it wouldn't have any projects left in the state.

The Wildhorse deal comes amid a surge of development of uranium properties in Wyoming, as companies with uranium interests seek to benefit from increased prices for uranium.


Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com