A Virginia circuit court judge has upheld the state’s 38-year-old moratorium on uranium mining, rejecting Virginia Uranium Inc.’s (VUI) argument that the ban was an unconstitutional violation of the company’s rights regarding its Coles Hill property. On July 27, Judge Chadwick Dotson ruled in the state’s favor, declaring that while the mining prohibition does amount to a taking or damaging of private property within the meaning of the state constitution, Virginia had a compelling interest to do so.
August 4, 2020, 6:52AMNuclear News
January 14, 2013, 11:00AMANS Nuclear Cafe
One of the single most valuable pieces of energy real estate in the United States is located a few miles outside of Chatham, Virginia, less than an hour's drive from my home. Millions of years ago, natural forces concentrated about 119 million pounds of uranium in a relatively small volume of what is now a cow pasture. That is enough raw material to supply all of the nuclear power plants in the United States with all of their fuel needs for a little more than two years. If valued at today's suppressed, post-Fukushima market price, the deposit is worth about $7 billion.