Critical Minerals Potential of Uranium Deposits in New Mexico - SME Annual Meeting 2026

The most significant uranium (U) deposits in New Mexico are sandstone-hosted deposits in the Morrison Formation (Westwater Canyon Member), where >169,500 short tons of U3O8 were produced from 1950 to 2002. In addition, >9076 pounds of vanadium (V, a critical mineral) and some molybdenum (Mo) were produced from these deposits. These and other U deposits (limestone-hosted, U-veins) in New Mexico also contain critical minerals. Critical minerals are mineral resources that are essential to our economy and whose supply may be disrupted; many critical minerals are 100% imported into the U.S. Some sandstonehosted, limestone-hosted, and U-vein deposits are elevated in heavy rare earth elements. One sandstone-hosted sample contained 0.3 ppm Re (critical mineral), 659 ppm Se and 408 ppm Mo. The arsenide five-element vein deposits in the Black Hawk district are mineralogically and texturally complex, low- to moderate-temperature, hydrothermal, structurally-controlled, Ag-Co-Ni-Bi-As bearing carbonate vein systems with local minor elements. Mineralized samples from Black Hawk contain up to 9970 ppm Ag, 8540 ppm As, 5690 ppm Co, 72,400 ppm Ni, 57 ppm Bi, 165 ppm Sb, and 32,600 ppm U.