Here in Virginia, at Coles Hill, we can make a difference.
The United States faces a critical shortage of domestically-produced uranium—the fuel used to operate its nuclear-powered military fleets as well as the 100 nuclear reactors that provide energy for America. According to the U.S. Department of Energy, more than 90 percent of America’s uranium is imported from foreign sources. Over half of our uranium is imported from unstable countries like Russia, Namibia, Niger, and Uzbekistan.
Given this information, Virginia needs to put the natural resources at Coles Hill to work—as a powerful economic engine for the region and for the national security of America’s energy production. After all, Coles Hill holds the largest untapped uranium deposit in the U.S., containing an indicated resource of 133 million pounds of uranium*. That’s enough uranium to fuel every nuclear reactor in the country for two years. The uranium at Coles Hill could fuel Virginia’s nuclear reactors at North Anna and Surry, which produce nearly 40 percent of Virginia’s power, for 75 years.
In this part of the web site, you’ll find information about Virginia Uranium and our plans to develop the natural resources at Coles Hill. You’ll also find information on Virginia’s studies on uranium mining and the role Virginia’s citizens may play in the Commonwealth’s consideration of uranium mining, along with descriptions of how much water VUI will use and how VUI will protect water quality.
If you’re looking for general information about the protection of health and safety at uranium-mining operations, uranium processing, the regulation of uranium in the U.S., and the global uranium market, please visit our Uranium 101 section.
* ….an indicated resource of 133 million pounds, comprised of 119.59 million tons grading 0.056% eU3O8 at a cutoff grade of 0.025% e U3O8. The resource the report entitled “NI 43-101 Preliminary Economic Assessment Update (Revised) of Coles Hill Uranium Property”, effective June 30, 2012, and dated August 19, 2013 by Lyntek Inc. and BRS Engineering. It should be noted that mineral resources are not mineral reserves and do not have demonstrated economic viability.