U.S. Uranium Sector Resurgence Stymied by Public Ignorance of Metal's Benefits

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Texas-based Mestena Uranium Vice President Paul Goranson asserts that the "U.S. provides a tremendous opportunity for securing domestic supply." However, he added, domestic uranium production "isn't going to meet demand any time soon."

Texas-based Mesteņa Uranium Vice President William Paul Goranson said Tuesday that the resurgence of the U.S. uranium industry is being stymied by the public's current lack of understanding as to how uranium mining can benefit them personally.

Nevertheless, in a presentation to MINExpo in Las Vegas, Goranson suggested local residents are beginning to realize the beneficial financial impacts of uranium projects. Goranson asserts that the "U.S. provides a tremendous opportunity for securing domestic supply." However, he added, domestic uranium production "isn't going to meet demand any time soon."

He estimated that 60 companies are now drilling for uranium in the United States, currently employing 1,200 people in the U.S. uranium industry. Most of these uranium resources are located in the West...

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