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ALBUQUERQUE, Oct. 27 (UPI) -- Texas-based mining company Uranium Resources Inc. announced the state government in New Mexico approved a renewal for uranium mining for nuclear fuel.
Uranium Resources said the New Mexico Mining and Minerals Division approved a request to renew its permit to develop its Section 13 exploration project in McKinley County.
The permit allows the company to drill as many as 10 holes to examine the feasibility of in-situ mining of uranium.
The company notes the only commercial use for uranium is for fuel in nuclear power plants. Nuclear power accounts for as much as 16 percent of the world's electricity with trends suggesting that could increase to 18 percent in the next two decades.
Section 13 is located in northwest New Mexico. The company said the property in the Ambrosia Lake formation holds an estimated 2.4 million pounds of uranium mineralized material.
"This permit renewal is important in that it will allow us to determine the suitability of whether a portion of our Ambrosia Lake reserves are amenable to in-situ mining methods," said company President and Chief Executive Don Ewigleben.
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Developing the U.S. natural gas sector is a way to safeguard the nation's energy security, the mayor of Pittsburgh said alongside the U.S. energy secretary.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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