Canadian uranium developer mulls solar project on 1,000-acre site in Virginia

• An unrevealed firm will undertake a feasibility research study in regard to the prospective development of a solar energy creating center on about 1,000 acres (404.7 ha) of land in the US, had by uranium advancement and also exploration company Virginia Energy Resources Inc (CVE: VUI).

The Canada-based uranium company said in a news release it has become part of an alternative agreement with the solar programmer to evaluate the feasibility of the strategy in Pittsylvania Region, where Virginia Energy Resources has a 100% controlling rate of interest in the innovative stage Coles Hill uranium project.

The firm pointed out that a solar park there might provide it with an onsite source of low carbon power that could be utilized for future handling facilities at Coles Hillside. It would certainly likewise supply low-cost power to the local area as well as future cash flow payments to the company.

"Residential energy security is a critical issue for governments all over the world. A recent as well as unfavorable tip is the reliance on energy inputs from Russia, as shown in the conflict with Ukraine. These recent occasions definitively develop the need for self-sufficiency: a total energy supply chain entirely within our borders," commented Walter Coles, head of state and also CEO of Virginia Energy Resources.