Part Three: The Lowdown on the Louisiana Energy Services Uranium Enrichment Facility

Encourage, we asked Jim Ferland for a guarantee that LES-enriched uranium would not be sent to rogue states, which have their own opinion on proliferation. He stated, "We will certainly comply with all rules and regulations there Certainly, we will sell to places it's not supposed to go any of our material That includes Iran, Pakistan, North Korea - .. The list can be very long. "
But, he could not guarantee. Ferland added, "Will our enriched uranium eventually outside the United States? Certainly, there is no restriction on that as long as it comes to the right place. Example, the Japanese buy enriched uranium from the U.S." Steyn, who has consulted for numerous countries, including Taiwan, disagree, "After the enriched uranium New Mexico, leaving it expected to be fully consumed in the U.S."
The problem with the incoming uranium is conceivable from any uranium-producing countries. The source and destination is decided by fuel managers, fuel traders and utilities, which sell the enriched uranium or consume. As Ferland reminded us, "We are just taking what to make to us. Utilities"
At no time have we been neither patriotic nor involved in anti-American activities. Ferland for He explained his position, "If the U.S. utilities US-sourced uranium, which makes perfect sense to find. An important element that we add to the fuel cycle is us, we are a domestic enrichment device. Piece that is missing now, not quite but almost entirely missing, the U.S. produced U.S. mined uranium. I think the country needs. I think it's good for the industry would be. We would like to take. If there was just what the U.S. from uranium it would be great. A very small percentage of the uranium mined in the world today come from the U.S. as I understand it. "
Ferland may get his wish. On Monday, SXR Uranium One announced the company was named as preferred bidder for Wyoming Sweetwater uranium mill, owned by the U.S. subsidiary of Rio Tinto plc. As part of the acquisition SXR can also purchase Green Mountain properties of the subsidiary in south central Wyoming Great Divide Basin. In 1992, a consulting firm confirmed the Jackpot Deposit on these properties may be more than 57 million pounds of U3O8 contained. With the number of pounds as juniors bring uranium as Strathmore Minerals, Energy Metals and UR-Energy hopes to onstream before 2013, Ferland may be less dependent on non-US uranium than he currently represents.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to  and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors.

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