International Uranium Corporation is engaged in uranium exploration, mining, and milling, with its principal operating asset being the White Mesa Mill in Utah—a fully permitted uranium and vanadium processing facility. The company generates revenue through two main streams: alternate feed processing, whereby it recycles uranium-bearing waste materials from defense sites, commercial producers, and nuclear facilities for fees or uranium recovery rights, and conventional uranium and vanadium sales from its own mining and processing operations or commodity markets. The company maintains significant uranium exploration interests in Canada's Athabasca Basin and Mongolia, operates several developed but currently idle uranium/vanadium mines in the U.S. Colorado Plateau and Utah regions, and holds an equity stake in a mining venture conducting precious and base metals exploration in Mongolia and Russia.