Plans for uranium recovery continue in Mississippi County

Monday, November 10, 2008

CHARLESTON -- Dropping oil prices are slowing down but not halting uranium development plans in Mississippi County, according to Commissioner Martin Lucas.

During the regular county commission meeting Thursday, Lucas said investors backing efforts to set up a uranium recovery operation in the county are using money from oil and natural gas to fund their efforts in Mississippi County.

While dropping oil prices may affect the speed of development, Lucas said the future for uranium looks good, as President-elect Barack Obama has spoken in favor of nuclear power.

"Actually uranium prices have gone up," Lucas said.

Lucas said geologists are slated to begin well water testing in the county to determine the location of uranium deposits in the county.

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