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. If Wildhorse sells both project sites in Wyoming, it won'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.
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