In addition to the purchase price, certain reclamation liabilities of Quivira, up to a maximum of $28.5 million, will be guaranteed. Quivira Mining owns a large uranium mining and milling complex near Grants, N.M.
A Rio Algom spokesman said that the company would retain Kerr-McGee personnel at both sites with development and test work on-going in Wyoming. He noted that the purchase was made with a view to long term uranium market opportunities.
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