Friday, December 28, 2012
Viginia Uranium Moratorium Issue 2013
On January 16, 2007 Virginia Uranium was formed, with Walter Coles as chairman and his son, Walter Coles, Jr., as Executive Vice President. Norman Reynolds, who had been president of the predecessor company, Marline, brought his valuable experience to the table as a Director and as President and Chief Executive Officer.
Investor confidence in the company has not lagged, with a total of $39 million being invested in the project since 2007. Much of that has been spent in additional studies of the ore body, as well as in informing Virginians and their legislators of the enormous positive impact the enterprise can have on the state and region as well as on the nation’s energy security.
The Center supports development of the uranium mine. (Virginia Uranium, Wash Post, 1/27/2012)