UNICO INCORPORATED (AZ) (fka UNCO)

[NYBob]

Marysvale Uranium Project Snippets ...

UTAH URANIUM PRODUCTION

Selected Years


Pounds


Value

1955


2,219,000


$ 9,454,000

1960


6,539,000


$ 27,843,000

1970


1,635,000


$ 6,742,000

1980


2,397,000


$ 68,248,000

1982


2,895,000


$ 111,080,000

1987


5,320,000


$ 145,610,000

Pratt Seegmiller of Marysville remembered some yellow rock
he'd seen in the back country years before -

After racking his brain to remember the site,
he staked the Freedom and Prospector claims,
which proved to be among Utah's rich deposits -

Joe Cooper, a road contractor in Monticello,
partnered with his father-in-law Fletcher Bronson
and earned over $25 million on
the Happy Jack Mine -

Texan Blanton W. Burford and his partners sliced
into an eight-foot vein of high-grade uranium ore
while bulldozing a road into their claims on
Rattlesnake Mountain near -

School teachers, insurance brokers,
used car salesmen, and shoe clerks around
the nation converged on the Colorado Plateau
to seek their fortune -

Even a group of high school students staked
forty claims and later sold them for $15,000 -

By the mid-1950s, almost six hundred producers -
on the Colorado Plateau were shipping uranium ore -

Employment in the industry topped 8,000 workers -
in the mines and mills.

Another bonanza in penny uranium stock -
established Salt Lake City as
"The Wall Street of Uranium."

The AEC had turned the tap and caused a flood -
-
But by 1964, after producing almost 9 million tons -
of ore valued at $250 million,
the Atomic Energy Commission announced that
"it is no longer in the interest of the Government
to expand production of uranium concentrate."

The market was saturated -

There were 71 million tons of reserves--enough
to satisfy United States needs through
the next four years -

For the first time, private enterprise was invited
to purchase uranium oxide and the AEC put
federal buying on hold -

During the late 1960s the industry rallied again
with mining by large companies for developing
nuclear plants -

But the furor was never the same.

Ostensibly, the uranium boom was over -
at that time -

Uranium prospectors and miners said -
the uranium to the first atomic bombs -
came from uranium mines properties -
near -
Deer Trail Mines? -

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