“We’re Prepared : This State is in Play!” The New Face of Wyoming’s Uranium Mining Part 1 of a Five-Part Series Wyoming Governor Dave Freudenthal actually loves the current uranium bull market, “I hope the cost of yellowcake stays up, and things get moving.” Yes, the Wyoming democratic governor strongly counsels uranium mining in his state. That would appear sensible because Wyoming is the biggest U.S. Uranium producer. More than forty % of the uranium reserves in the U. S. are found in Wyoming, according to the reserves and resource guesstimate released by the U.S. Energy Info Administration ( EIA ). Since hitting a bottom in late December 2k, the spot cost of uranium has rose by at least five hundred p.c, reaching highs of $38.50 / pound at the end of Feb . The last time uranium traded this high, President Ronald Reagan was into the second month of his first term. “We’ve always kind of been happy with the uranium industry,” Freudenthal told StockInterview.com. “The uranium industry is a component of our history. Wyoming’s Office of State Lands and Investments reported developers are snapping up several thousand acres of state leases. The reading room, where prospectors and developers study potential Fed lands for leasing purposes in the Cheyenne office of the U.S. Bureau of Land Management ( BLM ), was filled to capacity in a recent visit by the StockInterview.com editorial team.

StockInterview.com questioned if the abnormally raised level of staking activity in Wyoming by in public traded firms, for example Strathmore Minerals ( TSX : STM, Other OTC : STHJF ), Energy Metals Enterprise ( TSX : EMC ), Kilgore Minerals ( TSX : KAU ), UR-Energy ( TSE : URE ) and Uranerz Energy ( OTC BB : URNZ ), was just hopeful, Freudenthal replied, “I think we are past the kind of supposition of folk running thru and picking everything up. We are down to significant players attempting to make heavy decisions.” Good news for the previously mentioned uranium development firms : The Governor of Wyoming believes you mean business, and he is doing all he can to help you! Freudenthal was hopeful more firms would bring their projects to Wyoming, “These aren’t light investments.

But you also don’t go out and re-activate uranium production, if at the day’s end, you do not have a buyer.” Governor Freudenthal is a good listener and acts fast and decisively when facing facts. I am hoping they do.” A big number of Canadian and Western european bankers believe there’s a nuclear renaissance.

Source: energy management