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- Missouri House votes to allow concealed weapons without permits (04/28/16)8
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- 2016 All-Missourian Boys Basketball (04/29/16)
- Statement: Man says cops’ good work drove him to grow his own marijuana (05/01/16)1
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
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Uranium mining operation hits financial snag
CHARLESTON, Mo. -- A company trying to locate uranium in southeast Missouri is delaying additional tests because of financing problems.
Gustavson Operating Company of Boulder, Colo., conducted several recent tests on wells in Mississippi County, to see if uranium is stored in the crevices of the New Madrid fault zone.
CEO John Gustavson says he'll release findings from those tests to landowners later this summer.
But additional test drilling is on hold. Gustavson says that's because the investor market for new exploration ventures has "dried up."
Prices for uranium have dropped from about $130 a pound to less than $50.