Show RI 1 sum UI J guaranteed prosperity The signing Monday of an extended purchase agreement agreement agreement agree agree- agree agree- ment between the US U.S. Atomic Energy Commission and Uranium Reduction Company of Moab is news the resIdents resIdents residents res res- of this area have been long awaiting The new c contract which includes the of ore from the facility until 1966 gu guarantees a relatively constant prosperity pro pro- for the area at least until t that date Being Grand county's only onty major industry Uranium Reduction has grown to a n place of prominence and had its contract not been extended from the original inal expiration date its loss oss would have been florey sorely sorely sore sore- ly y felt Of particular interest Is the ilie announcement from company officials Monday that they were optimistic that the mill would continue to find a market for lor its product t after the 1966 contract has bas expired To make the facility better able to serve serge the area an expansion program program featured in last weeks week's issue of The Times- Times U Independent is now underway to convert one of the acid d tea leach h circuits to a carbonate leach circuit capable of economically treating high high time lime ores found in many of the mining districts of this area This This' c conversion w which ich will be completed in Jannary January Jan Jan- uary nary 1960 is costing the company a reported 25 million mil mU lion and nd is resulting in the employment by contractors of some men during the construction phase 1 Distribution news news from other outer areas involved in the production of uranium ore and concentrate has been disquieting not only to r residents s of areas arena such as ours oun but to In investors interested in those areas areM Ssi I J I The extended contract of Uranium Reduction Com Corn Tany priny any along with the th b statement that optimism was held for a post 1966 period r d of operation t o Hon rl should definitely n act t as ros a stabilizing factor to Grand county's economy sv f J t j I |