This follows on a 23% increase to $0.016 with 29.8 million shares traded on Monday.
Black Range had in January reported uranium recoveries in excess of 99% from samples of mineralisation from its Hansen Deposit in Colorado.
This was due to the use of a modified Ablation processing circuit, giving the company the confidence the purely physical process would be able to produce a high value concentrate from the 90.9 million pound Hansen/Taylor Ranch Uranium Project.
A semi-commercial scale unit capable of processing 5 tonnes per hour is scheduled for completion in April and deployed for field operations in May.
This will enable advanced on-site testing prior to full-scale operations.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.