Russell Industries is Actively Seeking Leasing and Joint Venture Partners to Work Its San Juan County Claims
Russell Industries, Inc., is actively seeking leasing and joint venture partners to work its 255 Unpatented Uranium and Vanadium Mining Claims located in San Juan County, Utah. “For the foreseeable future demand for uranium will grow far faster than the present world production. The successful nuclear power initiatives enjoyed by France and Japan are forcing other countries to evaluate their present dependence on coal and petroleum and their subsequent harmful environmental effects,” said Rick Berman, President and CEO, Russell Industries.
According to Ron Hochstein, President and Chief Operating Officer of Denison Mines, “I foresee San Juan County being the center of the uranium industry in the United States long into the future,” (taken from interview appearing in San Juan Record April 4, 2007).
The only federally-licensed and operating uranium mill in the United States is White Mesa Mill, owned by Denison Mines and is located less than 30 miles from any of the four claim ranges owned by Russell Industries
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries.
