STM Exploits Bountiful NM U308

JOHN WILSON, Resource Capital Research (09/29/2010)
"The long-term future of the domestic uranium industry lies in the development of new uranium recovery projects in states historically known to have significant uranium reserves. The state where there should be significant focus is New Mexico. To date, it has been reported that New Mexico has known uranium reserves of over 600 Mlbs. uranium—thus, a significant amount of uranium can be produced in New Mexico. . .In October of 2009, New Mexico-based Strathmore Minerals Corp. submitted an application for a state mining permit for the state's first conventional uranium mining project to be proposed since 1993. This initial permit application is a sign that the nuclear renaissance has incited uranium recovery companies to pursue the enormous opportunities that this state can provide."

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