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Duval 1977). The known areas in Texas that are favorable for U occurrence are suggested in Fig- ure 26. Extensions to these areas of mineralization are likely, both along trend and at greater depths. Discoveries outside the U.S. have been made in South America, Africa, and in Australia and Can- ada. Greenland has confirmed a substantial, new REE and U discovery along the northern area of the Ilı ́maussaq Complex, which offers the potential to produce both LREE and HREE products, U, and other products (Campbell et al. 2013, p. 206). Overseas U resources were reviewed in the 2011 review in this journal (Campbell and Wiley 2011), and will be reassessed during late 2015. Uranium Prices Industry consultant TradeTechÕs Weekly U3O8 Spot Price Indicator dropped to U.S. $34.68/lb by late 2013. U.S. $40 has been tested time and time again, but now the price level has finally been pen- etrated (see Fig. 27). TradeTech (2013) reported that current spot demand remains small and the only way to conclude sales at the moment is to drop prices. One non-U.S. utility has recently considered offers for over 500 thousand pounds (2,266 kg) of U3O8, with a supplier to be named, and the price from this transaction will likely remain around the American Association of Petroleum Geologists, Energy Minerals Division Figure 26. Uranium trends in South Texas (Ambrose 2007). Figure 27. Yellowcake spot price (TradeTech; http://www. uranium.info/).PDF Image | Unconventional Energy Resources
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