Company confirms plan to open mine above Crested Butte |

Company confirms plan to open mine above Crested Butte

DENVER – Officials with a Wyoming company have confirmed they plan to open a molybdenum mine on Mount Emmons, the famed peak above the ski resort community of Crested Butte.”We view this property as a potential ‘company maker,”‘ said Mark Larsen, president of U.S. Energy Corp. in Riverton, Wyo. “Rarely are mineral deposits of this magnitude discovered, and we now own it in a very favorable pricing environment.”U.S. Energy was forced by a federal district court to take possession of 25 contested mining claims and a water-treatment plant during an ownership dispute with Phelps Dodge, another mining company.A study directed by the Bureau of Land Management suggests the Mount Emmons claims hold 23 million tons of molybdenum ore, which can be used to harden steel, among other applications.

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