Largest US uranium deposit forbidden to produceVirginia Energy Resources Inc. (VEGYF) down 60%.
I like when they say "massive deposit valued by the company at $6 billion" for a deposit the same size as PLU's!
It seems to me that it's getting harder and harder to produce uranium in developed countries. But uranium will be produced in Peru, mark my words.
https://finance.yahoo.com/news/1-u-supreme-court-upholds-142511984.html Virginia ban on uranium mining upheld by U.S. Supreme Court WASHINGTON, June 17 (Reuters) - The largest-known U.S. uranium deposit will remain firmly under ground after the Supreme Court on Monday upheld Virginia's ban on mining the radioactive metal, rebuffing a challenge backed by President Donald Trump's administration to the 1982 moratorium.
In a 6-3 decision that underscored states' rights, the justices affirmed a lower court's ruling that threw out a lawsuit by Virginia Uranium Inc and other owners of the massive deposit valued by the company at $6 billion on private land in southern Virginia.
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