Show Utah Receives 33 Per Cent of Exploration Assistance Loans 6 I DENVER Utah first in the nation In uranium ore production produce lion tion received 33 per cent of government government gov gov- exploration assistance loans from June 1955 through May 1956 During that year the Defense I Minerals Exploration Administration tion approved 15 projects for tor uranium exploration in Utah More than of the million approved nationwide was earmarked earmarked- for tor Utah work New Mexico second in total funds received shows seven approved approved approved ap ap- ap- ap proved projects with a total ue of Just over I The detailed figures about Defense Defense De De- tense Minerals Exploration Administration Administration Ad Ad- ministration aid to the uranium industry are published for the first time in Uranium Information's Information's tion's annual review and summary summary sum sum- mary of the nuclear energy materials materials ma ma- Industry It is the first publication to review in detail private and federal operations Inthe in inthe inthe the Industry from an exploration point of view Other details revealed in the annual summary show that more than one of every five small firms organized during the past two Iwo and a half halt years was a uranIum uranium ura ura- company Nearly 22 per percent percent percent cent of companies planning public pub lie lice stock offerings in the or less bracket were to enter enter en en- ter the uranium business Other facts made in Uranium I Information's page review I how hov v o that private industry hasta has ta taken taen cn over overa a substantial portion of the search for uranium Private Private Private ate companies drilled some 45 million feet during the first six months of 1956 in uranium exploration exploration exploration ex ex- programs Government drilling amounted to about feet Uranium Information's annual review points out that the major discovery of th period is Js in New Mexico's Ambrosia Lake district Utah however continues to lead the rest of the nation in t total tal uranium ore production It is followed in order by New MexIco Mexico Mex- Mex I Ico co Colorado and Arizona I Significant progress was made during the past year in the uranium ura urn alum ore processing field Here again Utah was among the leaders lead lead- ers in this development Enlargement Enlargement En- En argement programs were com come at operating mills in Salt lake City and Monticello Contracts Contracts Con Cone tracts were approved for new plants at Mexican Hat and La LaSale Sat Sale The mill at Moab reportedly reportedly reportedly report report- edly to be the nations nation's largest was near to full operation I I the end of ot July 1956 In add addition addi- addi lon Lion contracts were under in July that would lead leado to o the construction of plants in inthe inthe inthe the White Canyon and Big Indian Indian Indian In In- dian areas and at Green River Subsequent 1 developments however however however how how- ever indicate that the latter two negotiations will be terminated Uranium Information's annual review is available through Petroleum Petroleum Petroleum Pe Pe- Information offices in Denver Casper Billings Bismark and Los Angeles Price is per copy |