Antinuclear

USA uranium company giving up project, due to dismal uranium market?

Price of uranium another twist in Virginia mining plans 31 Jan 14 A continued drop in the projected long-term price of uranium — combined with Gov. Terry McAuliffe’s recent statements affirming his opposition to uranium mining — has been a one-two punch to uranium mining efforts in Virginia.

Virginia Uranium Inc. recently announced it would not pursue legislation in the 2014 General Assembly that would have drafted regulations for uranium mining in the state…….

legislative hurdles aren’t the only concern facing the company. According to the most recent data, declines in the global price of uranium may also affect the mining conglomerate’s future plans.

February 1, 2014 - Posted by Christina Macpherson | Uncategorized