PR Spring Update
It appears as if the bankruptcy is over as of April 2018. The court appointed receiver asked the court to authorize the sale of the Purchased Assets (US Oil Sands) conveying entitlement to USO Utah LLC. all of US Oil Sands’ right, title, and interest in the purchased assets. Basically the original company, US Oil Sands, Inc., has been handed over to a new company USO Utah LLC. It appears as if ACMO, the major share holder in the orginial US Oil Sands is the only member of USO Utah. under the name ACMO USO LLC..
The story of how this all fell apart can be found here: “US Oil Sands enters into receivership”
The new company has applied to transfer the Notice of Intent to Commence Large Scale Mining Operations with the Division of Oil Gas and Mining in Utah.
What remains to be seen:
Who is the on the Board of Directors for USO Utah LLC. (or ACMO USO LLC.)?
Intertrust Corporate Services serves as their registered agent in Delaware and Paracorp Incorporated serves as their registered agent in Utah.
Will they continue to invest money to try to make the process work?
US Oil Sands files for bankruptcy. It’s assets have gone into receivership in order to pay off outstanding debts. It is unclear what that means for the future of mining on the PR Spring Site. It is possible that the equipment will be pieced out and sold and then the mine reclaimed, or another company could by it and continue mining. We will try to keep you updated.
April 10th, 2017
We visited the mine this weekend. There was no work actually happening, probably because it was the weekend, but here is what we saw:
- Mining of ore had been happening on what folks were calling the Children’s Legacy Camp. The land was stripped, overburden moved, and ore being scraped up.
- The ore has been crushed and piled near the processing facility (as pictured above)
- There is a constant sound of machinery coming from the plant, perhaps they are starting to process the ore. The sound could be described as a constant whirring, “woosh wooosh woosh….” Day and night.
- At night there are well over 50 giant super bright lights in the processing facility. They are on all major machinery and ringing the perimeter. These lights can be seen from the bottom of the valley down at PR Spring.