Uranium mining in Wyoming was formerly a much larger industry than it is today. Wyoming once had many operating uranium mines, and still has the largest known uranium ore reserves of any state in the U.S. At the end of 2008, the state had estimated reserves dependent on price: 539 million pounds of uranium oxide at $50 per pound, and 1,227 million pounds at $100 per pound.[1]
Wyoming has produced a total of 84,000 tonnes of uranium, and from 1995 until 2015, actually led the nation in production. Total reserves as of 2015 still amounts to 141,000 tonnes at 0.065 percent grade. However, since the early 1990s, this production has been by the in situ leach method.[2]
The Wyoming uranium mining industry was hard-hit in the 1980s by the drop in the price of uranium. When the uranium price dropped, the uranium-mining boom town of Jeffrey City lost 95% of its population in three years.[3]