Virginia Uranium, Inc.

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 09/14/15

Virginia Uranium, Inc., the Virginia-owned, Virginia-managed company working to bring the economic benefits of uranium development to Virginia and advance the energy independence of America. The U.S. faces a critical shortage of domestically-produced uranium the fuel used to operate its nuclear-powered military fleets as well as the 99 nuclear reactors that provide energy for America. According to the U.S. Department of Energy, more than 90 percent of the uranium needed is imported from foreign sources. Over half of our uranium is imported from unstable countries like Russia, Namibia, Niger, and Uzbekistan. Given this information, Virginia needs to put the natural resources at Coles Hill to work as a powerful economic engine for the region and for the national security of U.S. energy production. After all, Coles Hill holds the largest untapped uranium deposit in the U.S., containing an indicated resource of 133 million pounds of uranium. That is enough uranium to fuel every nuclear reactor in the country for two years. The uranium at Coles Hill could fuel the Virginia nuclear reactors at North Anna and Surry, which produce nearly 40 percent of Virginia power, for 75 years. This Company web site, provides information about Virginia Uranium, Inc. and their plans to develop the natural resources at Coles Hill, plus information on Virginia studies on uranium mining and the role Virginia citizens may play in the Commonwealth consideration of uranium mining, along with descriptions of how much water the proposed operations will use and how the Company will protect water quality. For general information about the protection of health and safety at uranium-mining operations, uranium processing, the regulation of uranium in the U.S., and the global uranium market, the Company website includes Uranium 101 section on the website. Note. an indicated resource of 133 million pounds, comprised of 119.59 million tons grading 0.056% eU3O8 at a cutoff grade of 0.025% eU3O8.